CNN 6.25% 15.0¢ cardia bioplastics limited

what's with all the selling off lately?, page-7

  1. 1,775 Posts.


    Hi Reiner001.

    Regarding the Extruders, the Company announced that they
    needed the C/R to purchase those Extruders, and they
    would be delivered in June, so that makes 4 Four new
    EXT this year, they will be ramping up production at the
    present moment, and again when the next two arrive, next
    month.

    Regarding the contracts in the pipeline, they ann one in
    brazil, I think earlier this month, we have had 12 Deals
    ann in the last 14 or so weeks, they will be doing the
    rounds at the moment regarding more contracts, IMHO I
    believe we will have a couple of more in the next few
    weeks.
    And IMO the only way they would need another C/R would
    be if they were flooded with new contracts, but as I
    said above 2 more extruders were to be delivered in
    june, so that is four this year, all looks good, and I
    noticed yesterday we had a reasonable buyer that got
    over 4million shares, I myself have purchased in the
    last couple of weeks and will again, when another share
    I have got rises another 5 Cents, and it will be a
    decent purchase, then I intend to put them in the draw so
    to speak and watch them accrue in value.

    Cheers.
    Simmo.
 
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.