CNN cardia bioplastics limited

undervalued

  1. 1,157 Posts.
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    After the qtly released last week I can't believe the lack of volume and support for Cardia.
    I have read this report a few times and with sales increasing and the industry exposure they are developing through a number of different commercialisation products which is all great because we are not reliant on just one form of production.
    Below is one of my fave paragraphs in the report-
    "Deliver significant Cardia resin supply contracts over the next 12 months".
    Makes the mouth water. Bring it on Baby.


    Commercialisation
    Resin business: in-market validation stage
    In addition to growing the companys base business, Cardia delivered solid progress during
    the June 2010 Quarter moving several of its projects with global packaging producers and
    users towards commercialisation. Initial sales have already been achieved with the large
    packaging companies and brand owners currently at in-market validation stage. As these
    targeted business development activities move forward to market launch and ramp up
    stage, it is expected that they will drive Cardias future business success and deliver
    significant Cardia resin supply contracts over the next 12 months.



 
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Currently unlisted public company.

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