CCC continental coal limited

Ann: Interim Financial Report and Appendix 4D for, page-2

  1. 1,229 Posts.
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    re: Ann: Interim Financial Report and Appendi... Thought I beat all the non-holders to it because they are sure to mention it:

    "Without modifying our conclusion, we draw attention to Note 1 in the half-year financial report which indicates that Continental Coal Limited incurred a net loss of $ 7,291,000 during the half-year ended 31 December 2012 and, as of that date, the consolidated entity’s current liabilities exceeded its current assets by $21,538,000. These conditions, along with other matters as set forth in Note 1, indicate the existence of a material uncertainty which may cast significant doubt about the consolidated entity’s ability to continue as a going concern and therefore, the consolidated entity may be unable to realise its assets and discharge its liabilities in the normal course of business."

    Now it's all out in the open we hopefully can get on with our lives.

    Gefi
 
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