From the Half Year Report......"Going concernThe financial...

From the Half Year Report......

"Going concern

The financial report has been prepared on a going concern basis, which contemplates the continuity
of normal business activity and the realisation of assets and the settlement of liabilities in the ordinary
course of business.

The Group incurred a lossfor the period of $1,465,682 (2022: profit $102,885) and net operating cash
outflow of $763,719 (2022: inflow of $270,126). As at 31 December 2023, the Group's cash and cash
equivalents decreased to $388,978 (2022: $396,571) and had a working capital deficit of $552,978.
The directors have prepared a cash flow forecast, based on the assumption that the Group continues
to be successful in raising capital and the contingent liabilities as disclosed do not require any cash
outlay. The cashflow forecast indicates that the Consolidated Group will have sufficient cash flows to
meet all commitments and working capital requirements for the 12-month period from the date of
signing this report. The ability of the Group to continue as a going concern is principally dependent
upon the ability of the Group to secure funds by raising capital from equity markets and managing
cash flow in line with available funds.

Based on the cash flow forecast and other factors referred to above, the Directors are satisfied that
the going concern basis of preparation is appropriate. In particular, given the Group’s history of raising
capital to date and the support from its shareholders, the directors are confident of the Group’s ability
to raise additional funds as and when they are required."


Highly concerning IMO.....