Quarterly

Having been a holder since September 2008 I have watched this company grow and have shared in the capital raising events as well as picking up more shares on the dips, and there has been a couple of nasty ones.
I originally thought Gage would remain as a small to medium craft brewer and would have returned a small dividend early, but the decision to grow the company has deferred this.
The deal with Woolworth was a catalyst for expansion and production growth abet at a smaller margin but the distribution side through their outlets compensated and provided exposure around the country.
I see the event of Woolworth having a financial hiccup a couple of years ago and the buy back of their shares as a pivotal point for Gage for many reasons.
First the evolution of the "Return to Craft" strategy and the subsequent appointment of sales staff and directors with the right credentials.
Secondly many retail outlets who declined to stock our range because it was seen as a Woolies product, now came on board.
Thirdly the capital raising (which was kind to me) saw some large investors with vested interests becoming involved.

The deals with the "Brand in Hand" and Matso's were certainly game changing and demonstrated some very hard yakka by the Directors to bring about a few bonuses not envisaged a couple of years ago.
So this Quarterly is a reflection of the efforts of by the Directors to build holders equity and I certainly look forward to the Annual Reports both this year and for next year together with the matching Share Price increase that mirrors this.
Woodie.