My favourite comedy of the year. A couple of highlights listed below.
- Passaris on $5k / week ($250k pa) consulting fee (remembering he was previously gifted $300k in a loan written off by the company). PAGE 10
- Daddy Doutch paid $390k for "consulting services" PAGE 12
- $200k pre-payment of drilling to Daddy Doutch still not used, and the company that was paid (Denarda) has now been deregistered. PAGE 37 LOLOLOLOLOLOLOLOLOL
-Trade payables & accruals of $2.4M. HOW THE F ARE THEY GOING TO PAY THIS?! More debt? Death spiral funding to Stock Assist?
- Key Audit Matter highlighted by Bentleys: "Given the number of material related party transactions occurring throughout the period, there is a risk that these transactions are not identified and disclosed."
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