Ann: Suspension from Official Quotation, page-56

Maybe we are thinking too much?

"Statement of financial position As at 31 December 2020, the group had a net asset deficiency of $3,257,000."

Statement of financial position is needed for the annual report due now.

But what will it look like? Financial situation regarding cash is worse.
But the last financial statement included:
Mining properties 12.271m as an input to the financial position (current + long term assets - all liabilities).

Now we have ore reserves, JORC? Pre-feasibility etc.

"[...] that he is undertaking to qualify him as a Competent Person as defined in accordance with the 2012 Edition of the Australasian Joint Ore Reserves Committee (JORC)."

Surely that figure for mining properties needs to be adjusted upwards from 12.3m and will more than offset cash losses.

So strictly sticking to the term financial position as used in balance sheet terms and not only regarding current assets the "financial position" will swing from loss to a positive figure.