I hope you folk suggesting the stadium deal has been awarded
to GRB is correct.
But I refer to an earlier post of mine below
............
This from the West Australian newspaper May 1st 2017
"VenuesLive chief executive Mike McKenna said the procurement of all food and beverage suppliers — including beer — would be finalised before the start of next year’s AFL season."
..............
The article was written on 1st of May and some time has pass since then,
but it does seem to imply that this decision won't be made this year.
Next years AFL season doesn't start until Thursday March 22nd
So that is still some time off.
...........
There are other good reasons for the increase in price.
Their annual report was very encouraging.
The share market is very forward looking, and imo astute investors are
getting set now for what should be a significant increase in recognition
and consumption of their beer and corresponding profit.
There is some overhang of shares issued in the recent capital raising at 2.5 cents.
Some investors will be tempted to sell out at current prices prices for a very good
quick profit.
This is no doubt holding the price back ATM
( supply/ demand)
But this will eventually dry up and the price should continue to rise.
I can't see too much downside risk,
and I can see a lot of upside in the next year or so.
But for those who haven't looked closely,
spend some time and read all the company announcements this year and
form your own opinions.
Caveat emptor
bendigo
GRB Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
