Quote Originally Posted by Harvey Specter View Post
The IPO was priced to build a new brewery. They've blown through that cash and all they have is a rejected consent.
A couple of months ago Geoff Ross spoke to the Wellington branch of the NZSA. He told a good story about the craft beer market and the prospects for Moa.

But the most interesting thing I took out of it was that the delays in getting consents for the new brewery were actually a really good thing. Why? Because it led them to hook up with McCashin's. It seems they can brew at McCashin's in greater volume and lower cost than they would have been able to do on their own.

Ross was still keen to progress the new brewery but spoke of it as Moa's home for small specialist brews. He suggested that there was no reason to discontinue the McCashin contract brewing relationship.