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Alec brings two interesting ASX stocks

Equity Mates Investing Podcast

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The Future of Mining

The company makes sealed breaks for heavy vehicles, $2 million cash on the balance sheet and zero debt. Revenue has grown from 6.8 million to 11 million between financial year 19 and financial year 22. First term to profit in 2020 and it's been profitable ever since. It seems to have all of the major miners as customers - BHP South 32, Fortescue, Rio, Newcrest, Glencore. If you had a business that only made $10,000 each year, and that's all it was ever going to do, there's still a price you would pay for that, right? But yes, I think that is the absolute right question.

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