thanks for repeating what it said in the quarterly. you're still incorrect about liabilities. they settle against the assets. hence why in the half yearly report they are reported as such.
as long as your liabilities are les than your assets then in administration you can pay back the liabilities. cash is another form to which they COULD be paid back, but won't. by your logic they'd already have run out of money with 900k half year cash burn. they haven't and the reason they haven't is because your comment is inaccurate and logic is flawed.
yes they will need a CR shortly. what part of my last post did you fail to read. was it the part where I said they would need cash before mid year? re-read. "going concern" is flagged when there is less than 2 quarter of cash when compared to the last quarterly cash burn. have you been investing long?
no they do not have 400k cash. liabilities settle against assets. as reported in the half yearly. re-read.
It's natural to feel obligated to justify ones reasoning for selling, but you might want to get the facts straight.
continuing to post after suggesting you would be happy to say goodbye here would suggest a fair amount of doubt and more so hope in the companies failure. irrespective of outcome I'm happy with the risk vs reward, I know where the company stands in terms of risk. fact is they have 1.8m in cash as of dec 31. I reckon half of that at current state. CR will be required in the next 3 months if no financial gain is made from lithium projects.
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