DW8 Growth, page-3781

Should DW8 commence expansion into UK later this year the MC will be $1B & 60c SP within 12 months without further dilution.

With 5% dilution SP will be 57c with another 83.15M shares issued at say 30c later in the year = $24.95M cash to fund the expansion & an acquisition.

Once the SP gets a bit higher it will result in a lot less dilution. At 50c SP only 20M shares are required to raise $10M whereas at 2c SP it required 500M shares.

The way SP has been rising it appears it will go to 16c then to 32c & 64c. Appears short term SP is headed for 16c by mid April.

Some figures on UK:

• Revenue in the Alcoholic Drinks market amounts to US$66,386m in 2021. The market is expected to grow annually by 5.64% (CAGR 2021-2025).

• Revenue in the Wine segment amounts to US$22,975m in 2021. The market is expected to grow annually by 4.83% (CAGR 2021-2025).

The UK wine addressable market is about x5-6 the Australian wine market.