CNN cardia bioplastics limited

Stage is set for growth imo.1. Production capacity increase at...

  1. 74 Posts.
    Stage is set for growth imo.

    1. Production capacity increase at Nanjing plant
    2. Production to commence at Malaysia plant
    3. Expanding global sales team

    All leading indicators of growth.

    Cash position was $2.6m at 30/9, with burn rate of $1m per qtr excluding capital purchases, which may be sufficient to not raise capital in the immediate future, imo.

    Best case scenario would be funding growth and expansion going forward with some sort of loan facility, however, sales need to be ramped up first and profitability need to be shown by the company.
 
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