[MM-MALTS-L] buying a cask

[Lawrence Graham]

Life is full of risks and one way to spread the risk is to buy a share of a
cask with a group of friends; for all the people who buy casks the vast
majority end up with a good product. We recently bottled an Arran and it
turned out exceedingly well. We have three other casks and are really not
too worried and understand that nothing is for sure but that is life..

 

Lawrence

 

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From: mm-malts-l-bounces at grsnet.net [mailto:mm-malts-l-bounces at grsnet.net]
On Behalf Of Horst Luening
Sent: Friday, November 06, 2009 12:06 AM
To: MaltManiacs operated former 'MALT-L' Whisky List
Subject: AW: [MM-MALTS-L] buying a cask

 

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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