CNN 6.25% 15.0¢ cardia bioplastics limited

contract with ricoy supermercados in brazil, page-5

  1. 34,916 Posts.
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    Oppies not worth the risk. To get to 1.5c, if you buy CNN now at .3c it's a 5-bagger. To get the same 5-bagger on the oppies, CNN needs to get to 2c to get the same return. As options is higher risk typically you'd want a much better return, so maybe fpo would need to get to 3c. On current shares that's a marketcap of $75mill. Anything's possible but unlikely within the next 16 months. FPO is the better risk-reward scenario imo.
 
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Currently unlisted public company.

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