KOR 0.00% 0.8¢ korab resources limited

Ann: Details of Auditor Appointment/Resignation, page-3

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  1. 4,741 Posts.
    lightbulb Created with Sketch. 1871
    It will be very interesting to see how the newly appointed Auditor tackles the issues outlined in the previous years HLB Mann Judd Auditors report, especially the statement:
    "The directors are confident of being able to obtain additional funding through increase in debt, raising of additional share capital, or sale of assets. Should this not occur, or not occur on a sufficiently timely basis, there is a material uncertainty that may cast significant doubt about the Group’s ability to continue as a going concern and therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business. The Group has secured the deferral of debt (from directors, and external parties) and the Company’s position is contingent on continued deferral of this debt."
    This is quite pertinent bearing in mind the continuing pay down of debt as outlined in the recent Working Capital Report!
 
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