[MM-MALTS-L] buying a cask

[john marrinan]

Hi Horst

Regarding the single malt v pure pot still, that's just semantics. I think
it's know what is meant when we say pure pot still, in the Irish sense. In
that sense, it does mean something different to single malt. And the Scots
do not use the term "pure pot still", as far as I'm aware. Just as "single
malt" has come to mean something specific, "pure pot still" has come to mean
something specific.

What I mean is that there are hundreds of malt distilleries in the world, so
while another one will add yet more variety, it would not at all be as
exciting as building another distillery producing pure pot still - doubling
the amount of distilleries producing pure pot still Irish whiskey.

Regards

John

On Fri, Nov 6, 2009 at 8:06 AM, Horst Luening <luening at dr-luening.de> wrote:

>  Hello Ron & John!
>
> Startup distilleries need a lot of money. It will be bound into their
> warehouses for years to come. How to finance such big money traps?
>
> Going to a bank means paying a lot of interests for these years. No easy
> thing.
>
> Ethusiasts like us maltheads a willing to invest into such matter. But -
> there is always a but - you do not pay the costs for such a cask but you pay
> the total amount upfront, what the whisky might be worth after maturation. I
> definitely say might, because the cask might turn out to be not that good.
> And what to do with hundreds of similar bottles? Dividing a cask is
> preferrable from my point of view.
>
> If raw whisky costs 1 Euro per bottle, why are they demanding 25,78 Euro
> (w.o. tax) in the case of Dingle? Of cause there are the costs of the cask
> but the main reason is they want to raise as much money for their future
> warehouse content as possible.
>
> I would never buy a cask myself. The risk that you end up with much more
> costs (insurance, bottling, etc.) and the risk how the cask will mature is
> definitely to high for me. If they would offer a liter price of 5 Euro I
> might get tempted so.
>
> P.S.: Pure Pot Still vs. Single Malt
>
> From my point of view there is no contrast between those two. Pure Pot
> Still means a fabrication mathod and Single Malt stands for the ingredients.
> You are able to distill a malt mash in a pot still (as the Scots do) and you
> might distill a mixture of several grains in those pot stills. Some
> marketing reps want to mix or divide these things.
>
> Regards,
> Horst
>
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