TSXV:GDNP.H - Post by User
Comment by
Zipolitemexicoon Nov 26, 2020 5:59pm
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Post# 31985883
RE:The stock is in lala land
RE:The stock is in lala land
More than 78 million tonnes of plastic packaging is produced worldwide every year by an industry worth nearly $198 billion. Just a fraction of that is recycled while the vast majority is thrown away. Plastic litter now clutters every part of our planet, from remote parts of the Antarctic to the deepest ocean trenches.
The plastics packaging crises is an opportunity. $198 billion worth of plastics production needs to be displaced.
Companies like GDNP have the solution.
PlasticOno wrote: Market cap at 80m at current level. Even if GDNP had a good Q4 it could turn out to be at 16-17m revenue for the 12months. Valued with a revenue multiple nearing 5 times is utter nonsense. And there is a possibility of another offering or something of that kind with considerable dilution. Even to grow the company at max speed makes sense longterm if they want to become the "Amazon of bioplastics" the stockprice doesn't make sense at this point.