Log in

Login to your account

Username *
Password *
Remember Me

Becht Engineering Blog

In this section of the site contributing authors submit interesting articles relating to the various services, industries and research & development efforts of Becht Engineering.

All That Glitters Is Not Gold - Due Diligence Can Define The True Value

pot_of_gold_rainbow
A few years ago I conducted what might be the world's cheapest, fastest and most cost effective due diligence study ever done. This study took one hour and cost the client about $500.  I was approached by two new members of a well-recognized financial institution. They were assigned to evaluate opportunities to capture low cost natural gas. They had discovered an ammonia plant for sale in an intensely agricultural region in the Midwest-US. Considering feedstock cost, proximity to market and asking price for the plant, they thought this was a gold mine.  Their superiors had some concern about the enormous enthusiasm of these new employees and asked them to evaluate the condition of the asset to determine if it would perform at reasonable rates with acceptable mechanical availability. That is when they reached out to me. A call was scheduled and they explained the situation and “golden” opportunity. They we indeed...
Continue reading
4
  215 Hits
  0 Comments
215 Hits
0 Comments