AUZ 11.1% 0.8¢ australian mines limited

Well, I've just had a quick look, last year they released their...

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    Well, I've just had a quick look, last year they released their half year accounts on 15 March, which tells me the auditors will be in their office around the end of February. Once again, they will want to know if they can satisfy going concern and have enough funding. For them to cancel Bergen and have nothing by the time the auditors come in will be virtually impossible. They learnt their lesson last time with last minute funding with Bergen, which now has been rectified. although the auditors do not express an opinion on the half year accounts, the director still declares that it can have enough cash to pay its debts when it falls due. also refer to note 2 of the last years half year accounts for similar wording. IMO, they wouldn't cancel Bergen as that was their scapegoat with satisfying the half year accounts without anything in the pipelines. Take it for what you will, just my humble opinion.
 
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