Broo buys Mildura Brewery

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few spikes in volume last week but big decline even from xmas.... -40%
 
Broo Beer now trading at just under 3 cents, a big tumble from 38 cents a year or so ago.

for some reason i looked them up and seen that they were less than 5c per share. it bemuses me that a company that was losing money by the millions with a failed lager brand in australia got floated to the ASX, raised 100mill and are still losing money, its seems criminal.
 
for some reason i looked them up and seen that they were less than 5c per share. it bemuses me that a company that was losing money by the millions with a failed lager brand in australia got floated to the ASX, raised 100mill and are still losing money, its seems criminal.
I think its something to do with the deal in China, when, and if they get paid. I think it was a 2 year contract to see how things went. Is Mildura brewery still producing the stock beers they had?
 

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