As the Current Assets total $894,648 and the Current Liabilities...

As the Current Assets total $894,648 and the Current Liabilities are 2,536,371, does that make them practically insolvent and at the mercy of their creditors who are owed $1,785,523?

On page 12 of the Half Yearly Report, they say:
"The ability of the Company to continue to pay its debts as and when they fall due is dependent upon the Company raising capital via equity and/or debt funding."

AUC has a $5M credit facility, but why would Stock Assist Group Pty Ltd pour money into a boat that is about to go under. AUC lost $9M finding gold with a grade of 1.20g/t which would lose money if you were to mine it in many situations.

Gold exploration is speculative, but at some stage the music has to stop.