NAG 6.67% 1.6¢ nagambie resources limited

Ann: Half Year Accounts, page-4

  1. 2,681 Posts.
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    Interesting that you went to about page 16 to find that. Missed a lot along the way re page 9 below.

    That statement was in last years HY Report & year before etc. It's also in the Reports of most small businesses as a warning. So nice of you to be so concerned but no need to worry. You can go back to your Corn Flakes & rest easy.

    "If necessary, the Group has additional capacity to meet its financial commitments through the following:
    * Issue of additional shares and/or convertible notes;
    * Reclaiming cash backed environmental bonds for mineral tenements with the Department of Economic Development, Jobs, Transport and Resources and therefore foregoing any capital commitments on those tenements surrendered, and
    * Scaling back its administrative and corporate costs, including a reduction in fees payable to directors as far as possible.
    Last edited by JetBlue: 14/03/19
 
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