Just quickly skimmed over the financial statements - something unusual.
They are for Atlantic Vanadium Holdings Pty Ltd the subsidiary and its sub-group, rather than Atlantic Limited which is the company I own a tiny part of.
Why? Shouldn't public financials be that of the listed entity? What is in the parent company's accounts they don't want disclosed?
Strangely too, I think, is that they have shown certain figures for the 3 mths to 31 Dec as well as for the half year ended 31 Dec. This throws up some weird comparisons - eg. foreign exchange gain Dec Qtr = $14,681k, for HY Dec = loss of $9,470, meaning there was a forex loss of $24m in the Sep Qtr!!
Might attempt further analysis and review over the weekend.
Yep - going concern is an issue, but as nearly always, the directors are confident of survival.
btw, I am an accountant but not one who deals with ASX/public companies - so can one who is, please fill me in as to why the accounts of a sub-group satisfy listing requirements?
- Forums
- ASX - By Stock
- Ann: AVHPL Accounts
Just quickly skimmed over the financial statements - something...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ATI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online