Good report - makes you want to invest in the feel good story - then;
The directors consider the going concern basis of preparation to be appropriate based on forecast cash flows for the next 12 months, which incorporate raising additional funds to meet forecast minimum expenditure required to maintain tenements and meet ongoing costs. The ability of the Group to achieve its forecast cashflows, including the raising of additional funds, represents material uncertainty that may cast significant doubt about whether the Group can continue as a going concern in which case it may not be able to realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.
cap raise is coming - but we all knew that!
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Good report - makes you want to invest in the feel good story -...
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