ADN 12.5% 0.9¢ andromeda metals limited

Ann: Half Yearly Report and Accounts, page-27

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  1. 702 Posts.
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    I think the words 'going concern' are a bit misleading and scare readers. Like I said most companies are a going concern i.e. have to prove their solvency over a period of at least 12 months. If they can't show that they are a going concern (solvent) then they basically have to liquidate.

    The auditors are just signing off that they believe ADN still meet the requirement of a going concern (which is good) but they do have concerns, which is expected given no revenue.
    Last edited by Bioalltheway: 15/03/24
 
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