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china invests big in broo, page-20

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charlie green

10 Posts.

04/12/17

15:01

Post #: 29352671
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Originally posted by Farnarkling ↑

That's a harsh call abmat.

Frankly I would also back self interest over pretty much everything else - at least you know Kent is committed.

My conundrum is the strategy of Broo. It's hard to fathom why they are bothering with the hospitality bit.

Also, just to correct you, the BrewsNews mention of the capital raising was sort of correct, but it was not a capital raising, per se. Broo was seeking approval to issue more shares as the rules of the ASX limit how many new shares can be issued in a given period. The second step would be a capital raising, but the first step was withdrawn just before the AGM.

The question which was not answered, is how are they now funding the business when cash from the IPO and the subsequent Ballarat land purchase/debt was almost depleted?

Of course the answer will be published in the next Appendix 4 Quarterly Update, so unless it was disclosed at the AGM, and someone there is on this board, we'll have to wait until the end of February.

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HI Farn, why the end of Feb. Wouldn't that be the end of Jan for reporting on the De3c quarter?.

BEE Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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