Nuthin to hide ?? well slipping this little gem thru under the heading of " Issue of Shares" is downrite dishonest
▪ At 30 June 2022, the Company has an intangible asset of approximately $7.7 million relating to SiLeach® (31 December 2021: $7.7 million). Whilst the Company retains the intellectual property and commercial value associated with SiLeach®, there is material uncertainty that the recognition criteria under AASB 138 Intangible Assets will be met at 30 June 2022. Following an assessment of the recognition criteria, this may result in a maximum impairment expense of $7.7 million being recognised in the financial report.
what it means is LIT can no longer carry Sileach as an asset in the accounts.( I/We have been telling readers that sileach is a DUD for a few years now ) so there you go fellas loss for year has been increased by $7.7
that enough for the day Rockett
LIT Price at posting:
6.1¢ Sentiment: Sell Disclosure: Not Held
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