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8.16%

5.3¢ gage roads brewing co limited

Ann: Appendix 4C - quarterly and Progress Report Q3 FY18, page-8

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polskafc

541 Posts.

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30/04/18

11:30

Post #: 32763043
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Originally posted by Hoju ↑

Good to see it get back into 8cent range this morning. The sell-off to 7c was on low volume and no news, my target price is 12c - which I thought we would have hit this qtrly, based on previous price range of 9 - 10c after the stadium announcement.

In think trading range should be 9c - 10c but the market never really seems to like our GRB too much, I guess I push back my target of 12c to mid year with hopefully a summer burst next year to take it to 15 - 16c

Strange how the market works sometimes, here we have a legitimate business in Australias favourite past time (Beer) with some massive developments over past 6 months and yet we are only 60m market cap. I have speccy stocks with no funding and a couple of geology reports which are valued higher than GRB.

On the QTR I might add that I would have appreciated a product update on Alby also

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Used my last 'Great Analysis' on this for the day haha.

As I said earlier, any sniff of a dividend would be a catalyst for a nudge past 10c.

Yes ALBY update would have been nice, considering it is a staple at Optus Stadium.

I have similar price targets to you.

DYOR.

GRB Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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