AXP 0.00% 0.1¢ axp energy limited

yes, lovely negative current assets vs current liabilitiestrade...

  1. 35,472 Posts.
    lightbulb Created with Sketch. 2863
    yes, lovely negative current assets vs current liabilities
    trade payables blowing out to nearly A$10m now. (US$6.9m)

    and how was the Resilient notes. Crown.
    $505,000 in interest over around 10 months on 3m and got the conversion down from .007c to .003c AND now taking them to court for more "fees" . just wow. + another $48k in director fees whilst he sold his entire holding over 10 months without disclosure.

    Impairments....yummy great acquisitions!

    and a further amount of A$232K (US$173k) has been impaired. This amount arose on the acquisition of Incremental in 2017 and has now been deemed non recoverable

    "The Company’s exploration and evaluation assets were impaired by $6.00M during the twelve
    months ended 30 June 2020. This reflects the write down of the Powell and Vespucci wells to their
    projected cost and the write down of all non-producing Ausco Petroleum Inc. wells, excluding
    Seismic and Cimarex, to nil."


    and now for the MHP bang at end of show...

    "Contribution since acquisition
    Since the acquisition date of 26 February 2021, AXP US through MHP has contributed revenue of
    $5.1M and loss after tax of $0.6M
    excluding the $8.1M discount on acquisition. Had the
    combination occurred from the beginning of the reporting period, revenue for the Group is
    estimated to have been $15.4M and loss after tax would have been $1.9M
    excluding the $8.1M
    discount on acquisition."
 
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