Ann: Update on Half Year Accounts, page-42

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Maverick1975

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07/07/20

21:04

Post #: 45707520
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Originally posted by Meteor: ↑

JS, IMO we can only go by Anns that have been released by the company.

When you look at the anns:

1) On 30 April 2020, the co said:

"Operations were placed in care and maintenance on 24 March 2020 as a result of health concerns
surrounding COVID-19."

"The Company continues to negotiate with the Administrator and has lodged a further bid for Auctus
Resources. which is expected to be included with other bids at the second meeting of Auctus creditors."

2) On 13 May 2020, the co said:

"Consolidated Tin Mines Limited (CSD) advises that as of today the Company has recommenced
operations with the Mt Garnet Project having transitioned out of Care & Maintenance (C&M) and into
production as well as the recommencement of operations at the Dry River South Mine."

3) On 18 May 2020, the Co said:

"Consolidated Tin Mines Limited (CSD, the Company) advises that the Company is making progress
towards finalisng the outstanding half yearly accounts.

Now that the operation at Mt Garnet Project is out of C&M and back to production, as notified to the
ASX on 13 May, the Company is working with the Auditors to arrange their work schedule to complete
the financial statements."

That is really all we know and, until told otherwise, all we can do is to accept that state of play.

Anything else is pure speculation and probably not helpful in the all the circumstances??

Expand

this from one of the chief spruikers!?
rely on the announcements is something you have said before, well before this thing was suspended. it is your inability to look through the announcements to determine this was stuffed that has left you in this hole.

forget what the company says - their statements can simply not be relied upon. ist that self evident yet?

CSD Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Update on Half Year Accounts, page-42

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