As a long-term follower and investor of Anaeco I thought I would finally post on the prospects of this company which is surely one of the most exciting stocks on the ASX and a potential star of the future.
For quite some time I was worried about Anaeco ever making it, but given the support of companies such as Monadelphous I have become convinced that Anaeco's technology is the real deal and now that it has institutional backing the future looks brighter for the company than it ever has before.
An indication of the future growth prospects for Anaeco can be found in a paragraph in the article sourced from The Weekend West dating back to May 11th which can be found on Anaeco's website.
The paragraph I refer to discusses the $400 billion annual market for waste predicted to double by 2020 with a quote from the CEO stating that the current $27 million market capitalisation could grow to between $1 billion and $3 billion before ultimately being acquired by a global player.
If that was to be realised it means the current market capitalisation would grow by a minimum of 37x and a maximum of 111x, though for a stock like this with the only technology of its kind in the world the sky really is the limit.
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