ToAnswer whatsup question he has posted elsewhere......johnnycome lately ( imho -- if he could ) what do you think of this post, B S !! ?
JCLfinds the interesting part of the half yearly wasn’t that once again they have failed to meet timelines (as they were going to be stockpiling while awaiting plant yet zero stockpiles), or the fact they stated production by year end yet again has changed, nor that the company only has 1.2m of cash but….the auditors view.
Material uncertainty related to going concern
"Idraw attention to Note 4 in the condensed consolidated interim financialstatements which indicated that the Groups reliance on a series of assumptions in relation to their cash flow forecast subsequent to commencement of production. Those events or conditions along with other matters as set forth in note 4 indicate that a material uncertainty exists That may cast SIGNIFICANT DOUBT on the groups ability to continue as a going concern”
READNOTE 4
Conditionalon further funding!!
Material uncertainty as to production forecasts.
With now only 1.2m as of half year excluding all legal and other delisting costs and having declared in September quarterly they had 1.9m... mere quarters of life left in funds it’s not looking as great as your roses colored glasses suggest whatsy!!
Happy to discuss but imho the delisting after 35+ years on the worlds leading precious metals exchange is the start of death throes of a dying company........Price seems to agree....
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