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Is it your understanding that the Q2 cash flow report with the...

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vertigo

11,416 Posts.

350

02/11/19

17:19

Post #: 41217964
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Originally posted by Krum: ↑

Vert as I understand it the releases are put directly onto the ASX release platform by the Co Sec without being reviewed by the ASX. The ASX reviews some of them after the fact but not all of them. It’s a self regulation process. Imagine if every release had to be submitted to ASX auditors before being released. Do you really think there are enough ASX staff to do that? Also if the ASX did that then they would basically be taking responsibility for the release. It doesn’t happen that way and a small amount of time on logic should tell you that. I feel that everyone posting should check the facts before making statements. Me included.

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Is it your understanding that the Q2 cash flow report with the note:

"^^ The Company remains in the exploration and evaluation phase for the purposes of AASB6. Accordingly, forecast revenue earned from gold sales from the current mining campaign is offset against capitalised expenditure."

would be acceptable?

AUL Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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