Come on BNW you make claims and can not produce the evidence or even provide details as to where the evidence can be referenced.
I take your post as again being a rubbish post full of stories with no actual evidence and would personally recommend your post be viewed as a fairy tail.
If you want to be believed please provide the references to the actual so called evidence or provide the truth as to who and why you should be believed
As far as the Auditors go they did not sign off on it being a going concern in fact as per page 85 of the annual report for the annual report for the period ending 31/12/2018 which was signed by the auditors on 29/3/2019 did not sign of on it being a going concern it had a Disclaimer in which it was stated.
"As part of our audit procedures, we have been unable to obtain sufficient, appropriate audit evidence in relation to the Group’s ability to continue as a going concern with respect to the following matters:
- the ability to obtain further funding under various funding agreements previously announced to ASX and the quantum of any further funding due to the possible existence of events of default arising under the terms of those agreements; - the likely future ability of the Group to successfully renegotiate or meet its obligations of $9.9 million under the Gold Stream variation as disclosed in Note 19 to the financial report as current liabilities; - the likelihood of the Group being able to meet its obligations in relation to drawn down convertible notes and the likelihood of future conversion of the notes; - the extent of any future forecast positive cash flows arising from the Cascavel Project; and - the ability of the Group to raise future funding which is sufficient to enable it to continue as a going concern for the relevant period.
The going concern assertion is material and pervasive to the financial report as a whole.
Based upon the above matters, we have been unable to obtain sufficient and appropriate audit evidence as to whether the Group is able to continue as a going concern and whether it will be able to realise its assets (in particular, its mine properties, property plant and equipment, inventories and exploration assets) and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report."
The initial suspension leading to administration was taken by the ASX because the company was not in compliance of listing rule 12.2 as stated in the ASX suspension announcement on 2/4/19 5 days after the auditors signed the Annual reportand it was down hill from there.
Financial condition
12.2 An entities financial condition (including operating results) must in the ASX's opinion, be adequate to warrant the continued quotation of it's securities and it's continued listing
