extract Going Conern
"...The financial statements are prepared on a going concern basis as the Group’s cash-flow forecast indicates that after meeting all of its commitments, it will remain cash positive until March 2017. This forecast assumes that the Directors will be able to make forward gold sales amounting to $1,200,000 in March to May 2016 and share placements of $500,000 in April 2016 with further placements in August through December 2016.
The Directors are confident the due date of the loans from Fortune Gems and Jewellery will be extended beyond 22 March 2016. ..."
WOw! Really!
Sell ~1000 oz of gold...they have gold in their inventory? Surely they cannot mine and process it.
Extension of notes payback...sorry gmt..Monday looms as an extension of the extension.
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