AGO atlas iron limited
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Ann: 2015 Annual Financial Report and Appendix 4E, page-2

  1. mustpow
    1,563 Posts.
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    13/08/15
    20:28
    Post #: 15804176
    Well as I had suspected. At June 30 the company was borderline solvent.

    $129m current assets $126m current liabilities.

    If we strip out some of those questionable "prepayments" in the current asset position, it was a zombie at June 30.

    During July before the capital raising it was on the wrong side of the cemetery.

    What are the headlines the promoters cry - $73 million cash at June 30! Don't mention the $110m trade creditors at June 30.
    AGO Price at posting: 3.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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