Its been an ongoing concern for the last 5 years...Oh well...

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traydor

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27/02/18

21:54

Post #: 31395526
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Originally posted by dIETZr ↑

from the Auditors report.....

Material uncertainty regarding continuation as a going concern We draw attention to Note 1 in the financial report, which indicates that China Magnesium Corporation Limited incurred a net loss of $1,539,252 during the half-year ended 31 December 2017 and, as of that date the Group's current liabilities exceeded its current assets by $743,309. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on China Magnesium Corporation Limited's ability to continue as a going concern. Our conclusion is not modified in respect of this matter.

White Shoe brigade at its best.

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Its been an ongoing concern for the last 5 years...Oh well sitting here patiently until June now, i dont think there will be to many excuses left now not to get to production but who knows with this circus

CMC Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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Its been an ongoing concern for the last 5 years...Oh well...

Top Stories

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

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Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

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