Lordganyu, In reply to some of your comments at the meeting...

Lordganyu, In reply to some of your comments at the meeting today there were a few statements relating to finance,
first there was no mention of a need to raise funds for future works. their was explaination as to the last placement which went to the finance industry and not an entitlement to holders, in essance there was a need to act with expedience to strengthen their position due to the Covid shutdown which saw a conciderable decrease in draft sales and the buy back of product to support customers.

further comments related to the time delays in going to existing holders and the historical face that there is usually a drop in the share price post this avenue.
Ian Olson also mentioned in this address that the directors were very aware of the dissatisfaction of holders with dilution to their holding and the item voted on today to allow for the provision to issue more shares was a "just in case" item where an beneficial opportunity presented and funds were needed quickly to take advantage
On this line a question from the floor later asked if was the case with Matso's and are the Directors satisfied with the results of this purchase, there was a unanimous positive nodding of heads and a enthusastic Yes from all at the top table. This was followed by comments that Gage had staff in Queensland presently evaluating potential sites to establish a tap house based on the Matso's Broome format based on the growing preference for matso product in the reigon.
The establishment of tap houses around the country is seen as a marketing strategy to increase sales in the local area bearing in mind that different regions do have different tastes in beer styles.

As for Investing ahead, the partical closure of the brewery production to allow for the funding and instalation of the new packaging line is the item relating to this, and reported production for this first half is exceeding expectations and the packaging line is working 24/6 to meet demand and they expect the next weeks to set new records in output.

To have a "take home" message from the meeting it would be that the Directors are confident that we will have a pleasing financial year for the company with increases in all areas of growth
There was also a comment that next years AGM could be held at the A Shed in Fremantle subject to a timely compleation of works on the project.