only profitable because of managements creative accounting of capitalising all mining costs of the greenfield pit. The company would have otherwise made a loss of over 50m.
No AISC or AIC costs provided only proves that they are loss making, hence the 50m loan drawdown and the material uncertainty on going concern
Not sure why there's no impairment recognised (also why they used a jokingly low 7% discount rate) whilst not bringing to account any deferred tax, stating that it is not probable that the company would utilise carried forward tax losses.. ie.. not profitable.
asic needs to step in to protect vulnerable retail holders from this chinese company
only profitable because of managements creative accounting of...
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $106.0M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 37.0¢ | $33.08K | 89.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 90609 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 2995 | 1 |
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| Last trade - 13.03pm 01/08/2025 (20 minute delay) ? |
| FML (ASX) Chart |