ASM

6.36%

58.5¢ australian strategic materials limited

Ann: Full Year Statutory Accounts, page-61

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26/09/22

12:17

Post #: 63877774
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Originally posted by Kaddles: ↑

This is an extract from the December 21 financial report which is very similar to the Statutory Report. It shows there hasn't been a lack of information in this regard from ASM. Though it may have encouraged shorting.
Kaddles
Australian Strategic Materials Ltd Directors' report 31 December 2021 Going Concern Based on the Group's cash flow forecast, the Group will require additional funding in the next 12 months from the date of the half‐year financial report to enable the Group to continue to realise its strategic business activities and meet all associated corporate, exploration, construction and development commitments over the period. As a result of the above, there is a material uncertainty that may cast significant doubt on the entity's ability to continue as a going concern and therefore, the entity may be unable to realise its assets and discharge its liabilities in the normal course of business. The Directors are satisfied that there are reasonable grounds to believe that the Group will be able to continue to meet its debts as and when they fall due and that it is appropriate for the financial statements to be prepared on a going concern basis. The Directors have based this determination on the demonstrated ability of the Group to raise capital, the intention to raise new capital and their assessment of the probability of progressing project financing. Included within the financial report for the half year ended 31 December 2021, is the Independent auditor’s review report which includes an emphasis of matter paragraph regarding the existence of a material uncertainty that may cast significant doubt about the Group’s ability to continue as a going concern. For further information, refer to Note 1 to the financial statements together with the auditors' review report.

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this is standard wording for any pre-revenue business that is not obviously in financial trouble/about to go under. go look across the asx exploration sector , it is a copy paste

ASM Price at posting: $2.34 Sentiment: Hold Disclosure: Held
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Last 58.5¢		Change 0.035(6.36%)		Mkt cap ! $106.0M

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Ann: Full Year Statutory Accounts, page-61

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Ann: Full Year Statutory Accounts, page-61

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News