Ann: Annual Report to shareholders, page-8

First 8 Last

Share
Profile

Follow
BUDORDUD

346 Posts.

67

30/09/19

20:33

Post #: 40648610
Share

Originally posted by retiredyoung: ↑

Material uncertainty relating to going concern Without modifying our opinion, we draw attention to Note 2 of the Financial Report, which indicates that the Group will require further funding in the next twelve months from the date of this report to fund its planned operating costs. These conditions, along with other matters as set forth in Note 2, indicate the existence of a material uncertainty that may cast significant doubt about the Group’s ability to continue as a going concern and therefore the Group may be unable to realise its assets and discharge its liabilities in the normal course of business.

From Note 2:
The continuing applicability of the going concern basis of accounting is dependent upon the Group’s ability to source additional finance. The directors are confident that the Group will be successful in securing additional funds, should the need arise.

Based on these facts, the directors consider the going concern basis of preparation to be appropriate for this financial report. Should the Company be unsuccessful in securing additional finance, there is a material uncertainty which may cast significant doubt whether the entity will be able to continue as a going concern and therefore, whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.

Expand

why is your sentiment still buy @retiredyoung ?

BUD Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

FXG

What on earth is antimony – and why are ASX traders going crazy for it? + 6 stocks to watch

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

There are more pages in this discussion • 37 more messages in this thread...

First 8 Last

Add BUD (ASX) to my watchlist

Ann: Annual Report to shareholders, page-8

Top Stories

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

What on earth is antimony – and why are ASX traders going crazy for it? + 6 stocks to watch

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Featured News