ANQ 0.00% 0.3¢ anaeco limited

4c - Cash run out, page-2

  1. 1,235 Posts.
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    sadly I have to agree somewhat with Saracen.
    I had high hopes for this company, I did some research on it and subsequently invested a fair bit of coin in what would be described as a penny stock, something I've never done before, normally only invest in blue chips, but i thought stuff it, for once im going to go against the grain and take a semi-educated risk.

    My research revealed that there are a lot of substantial players involved.
    Monadelphus, considering the way mining companies are fairing I would assume Mono really need these waste plants to take off, not to mention the time and monet they have invested so far also.

    Palisade investment partners(who I believe actually owns the plant), who specialise in owning/managing infrastructure projects/assets on behalf of their investors, so they need this to work also.

    Several Local councils (who own the land which the plant is built on) which are all desperately looking for alternative waste management programs due to the dwindling amount of land available for landfill and not to mention the burden of environmental conformity.

    There are several other reasons I invested, like the fact that worldwide waste management equates to something like a 400 billion dollar industry and growing at a reasonable rate. anyway to remain concise I wont go on anymore about my reasons.

    Despite anaeco appearing to tick a lot of boxes as described above, I am certainly starting to think what is going on here, I certainly hate to sway to the negative side on stock which I own, however it is getting harder and harder to get excited.

    In addition as anaeco keeps delaying the completion of this first plant, there are so many other competitors out there working hard to get their waste management technology to the market in a commercialised and sellable format.

    Furthermore even if this plant proves itself in the next 4-5 months, and then interested parties come forward with orders, there will still be a fair amount of time before any orders come to fruition and hence a steady revenue stream. So where will the money come from to go on? Mono Loan? another government subsidy? Cap raise?

    Hopefully my post prompts other investors to post some thoughts on HC which may restore my faith in this company.
 
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