Advance Nanotek (ANO) has been a company on my watchlist for some time - just could not get it to go down for a better buy, but its time to forget waiting IMO and jump in as selling is thinning and its a pretty much cornered stock with almost half of the shares owned by its majority shareholder.
ANO produces zinc oxide for UV sunscreen and supplies to the likes of Merck. Sales has been growing very strongly and now has come to a point it is making money- per disclosure it made Net profits after tax of >$1m over 2 months of the 2H 2019.
Market cap is circa $175m.
