Basically, the auditors have are saying the company needs to be liquidated and there is major uncertainty that MXC is a going concern. Plus, casting doubts that assets have been accurately valued.
These conditions indicate the existence of a material uncertainty that may cast a significant doubt about the Group’s ability to continue as a going concern. Should the Group not be able to continue as a going concern, it may be required to realise its assets and discharge its liabilities other than in the ordinary course of business,and at amounts that differ from those stated in the financial statements. The financial report does not include any adjustments relating to the recoverability and classification of recorded asset amounts, nor to the amounts or classification of liabilities that might be necessary should the Group not be able to continue as a going concern
MXC Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
