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23.5¢ cudeco limited

Ann: Full Year Statutory Accounts, page-40

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h00ts

46,644 Posts.

8762

01/10/14

09:47

Post #: 14054822
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Originally posted by gjcl ↑

THE BELOW IS FROM THE 2013 FIN REPORT WHERE THE AUDITORS NOTED;
"Emphasis of Matter Without modifying our opinion, we draw attention to Note 1 of the financial report, which indicates that the ability of the consolidated entity to continue as a going concern and meet its planned mine development is dependent on the successful raising of necessary funding through equity and/or debt. Should the plans for the raising of necessary funding through equity and/or debt not eventuate, there would exist a material uncertainty that may cast significant doubt about the consolidated entity’s ability to continue as a going concern, meet its planned mine development and therefore the consolidated entity may be unable to realise its assets and discharge its liabilities in the normal course of business"

NOW I RECKON THE COMPANY IS MUCH MORE DERISKED NOW COMPARED TO 12 MONTHS AGO. YOU CAN GO BACK TO EVERY REPORT AND READ SIMILAR AUDITOR STATEMENTS. ITS JUST STATING FACT FROM AN AUDITORS PERSPECTIVE.

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"NOW I RECKON THE COMPANY IS MUCH MORE DERISKED NOW COMPARED TO 12 MONTHS AGO"

I agree !!!

CDU Price at posting: $1.56 Sentiment: None Disclosure: Not Held
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