Australia's largest stock trading and investment forum Australia's #1 stock forum

RGI roto-gro international limited

0.00%

22.0¢

Ann: Appendix 4D & Half Yearly Accounts and Report, page-4

First 4 Last

Share
Profile

Follow
Surandy70

12,445 Posts.

2470

28/02/20

12:54

Post #: 43213213
Share

Originally posted by johnp12: ↑

"Material uncertainty related to going concern
We draw attention to Note 2, which indicates that the consolidated entity incurred a loss of $3,434,772 and had net cash outflows from operating activities of $2,601,808 for the half-year ended 31 December 2019. As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the consolidated entity's ability to continue as a going concern. Our conclusion is not modified in respect of this matter."

RSM AUSTRALIA PARTNERS Perth, WA
Dated: 27 February 2020 Partner

Expand

Given that the cashburn from operating activities in the last six months exceeds the cash at bank as at 31/12/19 then the auditor would not be doing their job if they did not include that info about going concern status.

RGI Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

AFP

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

Why a Fed rate cut could obliterate your super – and no one's warning you

EMC

Everest Metals dips as company clocks low gold grades at Taipan, WA

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

HZN

Crickets as Horizon Oil unveils new project picked up in Thailand

PSC

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

LKO

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

Legal Dispute: Why Is Deutsche Rohstoff AG Refusing to Deliver Almonty Industries CDIs?

DES

DeSoto lands key exploration rights for Syncerus gold project in Guinea

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Appendix 4D & Half Yearly Accounts and Report, page-4

Top Stories

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

Why a Fed rate cut could obliterate your super – and no one's warning you

Everest Metals dips as company clocks low gold grades at Taipan, WA

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

Crickets as Horizon Oil unveils new project picked up in Thailand

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

Legal Dispute: Why Is Deutsche Rohstoff AG Refusing to Deliver Almonty Industries CDIs?

DeSoto lands key exploration rights for Syncerus gold project in Guinea

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Featured News