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ANO Reminds me of an early APX. MC of 1 billion would put it...

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Mundo122

10,090 Posts.

1207

24/05/19

11:46

Post #: 38726941
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Originally posted by Tony barber ↑

ANO
Just did a super quick read. Needs tons of research.
Seems that they've turned it around. It does have 32 mil of accumulative losses.

But, it's now making good profit. Clearly has enough cash to run the company.
And has $10 mil in assets.

The new kilns are in testing and won't kick in until August.
If they were to CR now they could probably dilute 5% and raise $15 mil.

That should double production again somewhere around the end of 2020.
So it would be a fair hold.

Looks good though. But didn't crunch any numbers on the mc.

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ANO
Reminds me of an early APX.
MC of 1 billion would put it over $10.
If it can start pumping huge revenue numbers, 1 billion not out of the question.
But yeh depends on C R and dilution.
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