Chart, page-3119

Hello Tigers
My research SUPPORTS the SMH view.

... “ BRN’s last financial report (August) “ outlined circumstances which would cast uncertainty on its ability to continue as a going concern.” (see SMH story)....”


As does the Half Year report which said BRN’s detailed cash budget showed it needed more funds to finance the Group for the next twelve months.
“...This creates a material uncertainty that may cast doubt as to whether the Group will continue as a going concern and, therefore whether it will settle its liabilities and commitments in the normal course of business.”

Subsequent to this BRN secured the deal with LDA capital as I have acknowledged here [ref].
This does not change the situation reported in the half yearly report cited by both the SMH and by me as an illustration of how close the company has been running to the wind.

cheers



[APPENDIX 4D HALF-YEAR FINANCIAL REPORT 26/08/20]

see page 10 ;



and page 23 ;