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ANO - Advance ZincTek

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Zaxon said:
I'm holding on. More for me, less for tax man.

Well all of us ANO shareholders eat caviar on 100 ft yachts while sailing into the sunset. It's a shareholder requirement.
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That I agree with.

As for the caviar and the yacht …. I usually have baked beans on a 9 foot tinny … The view is similar, just a lot closer to the ground

Up another 8% so far today …… Its getting dizzy up here …. hope she keeps going for you
 
I formally accept their unaudited, management accounts.

 
(no disrespect intended)

if I had a 9 footer I would not take it on the water either ....
 
HelloU said:
(no disrespect intended)

if I had a 9 footer I would not take it on the water either ....
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Lol … It was 12 foot but I cut the ends of it so it fits in the garden shed …. doesn't float as well as it used to for some reason
 
$4.65 Close today on increasing Volume but long tails both ends of the candle ….. A small breather would not surprise but if the Volume kicks up who knows
 
barney said:
This thing has gone a bit ballistic …. dare I play the devils advocate @Zaxon and suggest you might consider taking some profit off the table
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I decided to revisit this a little later, to see whether your suggestion back in April would have saved me from doom, or whether I was better holding on.



So far so good! I shall continue to hold.
 
Zaxon said:
I decided to revisit this a little later, to see whether your suggestion back in April would have saved me from doom.
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Indeed …. Punters should always back their own judgement

To be fair though, I was only suggesting taking some profits off the table around those April highs and 7 days later it had retraced around 18% …… so it wasn't such a bad call … Great looking chart!
 
barney said:
To be fair though, I was only suggesting taking some profits off the table around those April highs and 7 days later it had retraced around 18% …… so it wasn't such a bad call
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And it could have just as easily gone down. Nothing goes up forever.

I choose to believe that stocks continue to go up, for no other reason than they feel blessed because I'm holding them.
 
Zaxon said:
I decided to revisit this a little later, to see whether your suggestion back in April would have saved me from doom, or whether I was better holding on.

View attachment 94838

So far so good! I shall continue to hold.
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Good on you for having the courage to back your judgement and not sit on the sidelines criticizing.

I have a lot of respect for investors who do their research and are able to pull the trigger on undervalued opportunities when they arise.

I had a lot of people telling me to sell another stock that I picked up at 20 cents - it was 'hopeless' and 'hyped' and it continued to be a dud investment all the way from 20 to 40 to 50 to 60 to 70 cents.

70 cents was the ceiling of course, but I still held. And then it went to a $1 which was the absolute limit and an insane valuation - greater fool theory and all that. It's $1.20 now.
 
Based on my research, ANO's next closest competitor cannot compete on performance OR price.

This is the kind of advantage that only a hostile takeover can secure. Further to this, there is a very tight register of only ~60 million shares with significant ownership by management.

I could count on one hand the number of ASX-listed companies so perfectly aligned with shareholders.

Very strong moat around this business. I give it my strongest fundamental endorsement.
 
verce said:
Based on my research, ANO's next closest competitor cannot compete on performance OR price.
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lol. I just read that on HC. It's like parallel universes connecting.
 
verce said:
I could count on one hand the number of ASX-listed companies so perfectly aligned with shareholders.
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The Price action concurs … $5.80 close up almost 14% today … solid.
 
It's not often you find a company that:

- Has high operating leverage
- Has a sizeable moat due to IP
- Also is the lowest cost producer
- Has demand that far outstrips supply
- And has regulation in favour of its product (see recent FDA sunscreen monograph proposal)
- most importantly, has Lev Mizikovsky leading the charge

I bought roughly a 10% position in my portfolio at 80c. This is now a huge portion of my holdings, as I haven't trimmed any of the position.
 
Klogg said:
I bought roughly a 10% position in my portfolio at 80c. This is now a huge portion of my holdings, as I haven't trimmed any of the position.
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Well done Klogg. ANO is one that got away from me, it didn't catch my eye until it was far too late.
 
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