Company is in very dire condition to raise funds from CR, but at what price..? who's going to buy into the story when the company report speaks itself.
Staff termination hasn't happened last quarter, Liam Kelly left 5 months ago, cost shouldn't be accrued last quarter.
$100k is unbelievably high.
$332K Admin Cost is tremendously high. this is where these guys have hidden all their pockets and leisure expenses. just unthinkable.
$231k for No exploration, only lifestyle companies will have these high numbers, without any exploration done, and the company still manage to spend quarter million dollars.
I highly doubt it any of these numbers can be substantiated with any back up evidence or receipts.
Mum's and Dad hard earned money is spent in their leisure.
ASIC should investigate AHN, and off course Ed Edwards for his ethics and integrity.
Ann: Quarterly Appendix 5B Cash Flow Report, page-4
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