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4.2¢ white energy company limited

Ann: Bayan to appeal SICC judgement tranche 2, page-5

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Grebmoolb

1,946 Posts.

33

11/03/18

23:46

Post #: 31676368
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Originally posted by moneypost ↑

Material uncertainty related to going concern
We draw attention to Note 2 in the interim financial report, which indicates that the Group incurred a total comprehensive loss of $6,461,000 during the half-year and net cash outflow from operating activities of $4,020,000 during the financial year ended 31 December 2017 and will require additional funding to meet the Group's liabilities in respect of recast expenditure within twelve months of the date of this report. These conditions, along with other matters set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt about the Groups' ability to continue as a going concern.
Is this thing on life support??

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Not on life support at all. Solely on hope, expectations and Chairman - Managing Director funding support.
Hope funds will flood in on sales of Mountainside assets in America. Following that sale of some South African assets or fees coming in for beneficiation technology concerning coal fines. Then of course, both hope and expectations for a good outcome in the tranche 2 appeal in Singapore.

WEC Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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