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droogs1x

456 Posts.

14

08/03/19

19:47

Post #: 37704028
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Originally posted by Rothbard: ↑

Most of my economist buddies are devotees of the 'efficient market hypothesis'. Its premise is that 'at any given time and in a liquid market, security prices fully reflect all available information.'

I've always maintained that it's a crock of sh*t - and that share prices do get out of line with fair value and will often take time to adjust (upwards or downwards) towards fair value.

I think ANO is a case in point. All the signs were there that it was undervalued, from the fundamentals to the long term chart. And full credit to kearneymaurice, vestro and the other long termers on here for spotting the gap between ANO's market price and its fair value. We've earned every cent that we've made.

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I have to thank Kearneymaurice for helping me find ANO just a couple of months ago after he mentioned it on the CLH forum when Lev’s credibility was at question.

Without seeing those posts I probably would not have been able to enjoy the ride we have been on. I’m at a point now where I can free carry however still haven’t sold a single share.

With the recent director buying and positive investor presentations from the company I believe we still have a fair way to move upwards yet.

GLTA holders.

ANO Price at posting: $3.08 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 72.0¢		Change 0.000(0.00%)		Mkt cap ! $44.96M

Open	High	Low	Value	Volume
72.0¢	72.0¢	72.0¢	$396	550

Buyers (Bids)

No.	Vol.	Price($)
1	15322	72.0¢

Sellers (Offers)

Price($)	Vol.	No.
76.0¢	480	1

View Market Depth

No.	Vol.	Price($)
1	15322	0.720
1	425	0.705
1	455	0.655
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.760	480	1
0.790	500	1
0.800	26001	1
1.050	15000	1
0.000	0	0

Last trade - 12.20pm 25/07/2024 (20 minute delay)

ANO (ASX) Chart