I used to think that a buyout was a real probability but have...

I used to think that a buyout was a real probability but have changed sentiment since the Balter buyout and the recovery of Feral. My feeling is the regular punter is now less likely to care about these brands being taken over by a conglomerate as long as the beer doesnt change. As such for a CUB/Lion whom already has significant brewing capacity, it would be far more efficient to cherry pick the best of the independent craft beer brands that have the least complex structure and likely to require less cash. Judging by the **S results, GAGE brands have gone off the boil and for CUB / Lion a Bentspoke / Kaiju / Young Henrys would be an easier grab.

Maybe im rambling but I think for Gage, our way forward is to become a true rival to the big fish and find another acquisition. Problem is, not sure how we fund that.