No great surprises in the meeting good growth figures and plans ahead, comments on the Redfern taphouse progress, expected to be up and running early next year with new venues sites under investigation, the caning line is progressing and should be fully completed early in next year, both of these will be cash flow positive then.
have a look at sales targets for the east coast and the restructure with Good Drinks and Atomic creating the impression that its a local brand not Perth based this will boost customer loyalty there.
This is reinforced by the notation on the last page of the presentation that at the AGM next year Gage intends to change the name of the company to Good Drinks Australia, this is intended to make us an Australian brewer not a Perth one.
Another comment in reply to a question suggested if sales progress to plan in the east that another brewery could be established somewhere in the east in about 6 years.
There was no talk about dilution and i hope that the future growth can be achieved from profits and not more share issuing.
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