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clock Created with Sketch. 09/11/23
16:08
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Originally posted by Platioti:
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Yes unfortunately you are. They have loans of around $30m and they owe the ATO $8m that’s why they are getting valued at only $5-$6m. Let’s hope they can sell one of their large assets for around $40m at least to ease this debt burden. They have sold 2 x $3m assets but that’s not enough. Need to break the back of these high interest loans. At least these new guys have reduced the overall corporate costs by $4m odd if we can believe what they say. Jetty Rd sold for $3m and now Adelaide Hills Cider for $3m but that just gives them a bit of breathing room. AGM will be interesting, let’s hope they got some good news to share then.
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Unbelievable downdramer plus bullish CE0 let the share holders down..i still enjoy Better Beer all good buying more tomorrow..come on sell under 1c please
