CNN 6.25% 15.0¢ cardia bioplastics limited

SlewRegarding my price target of 80 cents it is more likely at...

  1. 31 Posts.
    Slew

    Regarding my price target of 80 cents it is more likely at the top end of my expectation.But what gives me heart was that I was told there is a US Bio-grade company,(Just cannot remember the name at the moment),has a market Cap approx. 100mil and is nowhere near the product development as what Cardia has.So a more realistic target is 54 cents its all time high for this stock which as far as I am concerned will be reached.
    Now regarding Pre or post consolidation your guess is as good as mine,but what we can expect is that a consolidation would be part of their plan as well as another Capital Raising but this time it will be to the benefit of CNN to further benefit the company's product expansion plans.
    My plan is to have a price target that should be achieved and then a top end target that I would be very happy with but with the potential of this company I would not be supprised that it will be taken over around at those levels or above.

    DYOR as I have and you too will be a BULL.
 
watchlist Created with Sketch. Add CNN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.