AJX

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1.3¢ alexium international group limited

of course it was a mistype. If the debt was overdue we’d have...

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Blommer

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04/10/19

14:54

Post #: 40729093
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Originally posted by makattack: ↑

Auditors opinion on going concern: in doubt

You're a clown. This is a standard line you'll find in EVERY speculative company's annual report. It's an auditor's disclaimer. If you don't like the statement don't invest in speculation, pretty simple.

Love you're attempt at trying to misrepresent the payback date of the loan and then claiming you made a mistake. Also you forgot to mention, purposely I'd suggest, that the last quarter of the yearly report resulted in just a US$497K loss. The reason for the bad yearly result has been discussed ad nauseam, the company had to wind down their unprofitable business - undoubtedly hindered by contractual arrangements - which resulted in a massive short-term hit on revenues. We all knew this phase was necessary, it's not a surprise. Nothing you have shown me so far indicates that the company is in financial distress and close to insolvency. It's just not factually correct. As I previously stated I'm expecting a similar loss for the September quarter and potential profitability (or at least break even) by end of December quarter. But even if it takes a little bit longer there's enough cash for 4 or 5 more similar negative quarters before the bank balance becomes an issue.

-ie are they already in negative equity territory?

I'm still not getting the significance of this statement. Do explain.

You'll never successfully invest in speculative stocks by just looking in the rear view mirror. A proper judgement of a business's likely success requires the past, the present and the future to be considered. You've managed one of the 3. Once you consider the other 2 you may be closer to typing truths. At the moment it's just scare-mongering for what purpose I can't ascertain right now.

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of course it was a mistype. If the debt was overdue we’d have heard about it. I would also have been using paste tense.

The auditors did express doubt about the valuation of capitalised assets. They hadn’t received evidence that the carrying value was accurate.

My figures res were all quoted direct from the financial statements in the annual report released on the asx. Check them again.

I’ve considered AJX future in respect of its past and present and disagree that it looks good

AJX Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
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of course it was a mistype. If the debt was overdue we’d have...

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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of course it was a mistype. If the debt was overdue we’d have...

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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