At the AGM i tasted my first Single Fin in a can after hearing the report on the progress with canning lines and possible extensions in this field. The comment was made that a large scale canning line was being investigated, this would have incurred a large capex with major works to the existing brewery and consultants are advising.
Cans are certainly proving popular and given the time lapse since the AGM we can assume engineering and construction plans have been finalised and fully costed. Sooo... my bet the capital raising is to fund this work.
This will be interesting for existing holders if we get a bit of the action like the first couple of capital raisings where holders had the full subscription and as a result a nice return for participation.
The last raising went to "Sophisticated" investors with a token allocation thinly spread between existing small holders who offered enough to subscribe the total sought.
Lets hope we get a better deal this time around.
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