Broo buys Mildura Brewery

[wide eyed and legless]

Not looking good for Broo, looking at the figures it looks very light on advertising.
http://www.brewsnews.com.au/2017/08/broo-into-china-as-cash-dwindles/

 

[wide eyed and legless]

Broo Beer now trading at just under 3 cents, a big tumble from 38 cents a year or so ago.

 

[Maheel]

few spikes in volume last week but big decline even from xmas.... -40%

 

[Dan Pratt]

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.

 

[wide eyed and legless]

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?