Lion Selection pushed for the merger with AMR, checkout the AMR...

Lion Selection pushed for the merger with AMR, checkout the AMR financials which were from the period that ended 3 week after the merger was meant to happen. Disgraceful by Lion Selection AMR has negative working capital needs funding, auditor KPMG says casts significant doubt to continue as going concern, directors of Kasbah recommended to merge and Lion Selection pushed for the merger, why………? Robin Widdup been director of AMR for long time and now the Chairmen what is his corporate responsibilities

http://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00020615&issuerType=03&projectNo=02607324&docId=4085583



KPMG
As at December 31, 2016, the Company had cash and cash equivalents of $5.5 million and a working capital deficit of $1.4 million. During the year ended December 31, 2016, the Company generated a net loss of $13.9 million and had an accumulated deficit of $144.3 million. Whether the Company will be able to restart the Ban Phuc mine and generate positive cash flow is uncertain and depends on numerous factors, including but not limited to nickel prices and potential for identifying and developing further mineral resources. The Company intends to seek financing to address the working capital deficiency and fund further exploration of the Ban Phuc property. These factors indicate the existence of a material uncertainty that casts significant doubt about the Company’s ability to continue as a going concern. The business of mining and exploring for minerals involves a high degree of risk and there can be no assurance that the Company will be able to raise additional funds to meet its exploration plans or achieve profitable mining operations. The Company’s continued existence is dependent upon the preservation of its interest in the underlying properties, the discovery of economically recoverable reserves, the achievement of profitable operations, the ability of the Company to raise additional financing, or alternatively upon the Company’s ability to dispose of its interest on an advantageous basis. Changes in future conditions could require material write-downs of the carrying values !