Hi woodie Yes I did read their plans. We will see how they go. I...

Hi woodie

Yes I did read their plans.
We will see how they go.
I agree they should be funding any further expansion from
cash flow and and maybe a sensible balance of loan funds.
And with that in mind, not consider paying dividends for the
next year or two.
They have major hurdles.
The tyranny of distance to the major markets on east coast.
The “majors” have tied up many the taps for draught sales.
Gradually they are overcoming these hurdles
And they should continue to increase profits in the west
And matsos will lift the bottom line.

But they do need to get their profit up by a factor of 5 or 10
which is a big ask.

I’ll continue to watch with interest.

Cheers