For the company, the primary purpose of it being listed on the stock market is to raise capital. It does this by attracting investors to it's plan or agenda.
Problems arise when it doesn't stick to it's agenda , or switches, or changes it.
Where is the AuResources balance of first payment of 9.9 million of the total contract price of 49.9 million dollars, that the conpany claims to have signed a binding contract for?
The company claims to have received a $100,000 from then .
Why is the company permitted to continue to try to raise 2 million dollars from the public, when this payment is in limbo.
Secondly , What is the companies intention regarding the $350,000 balance of payment due to Rividium for the Forestania leases.,which is due around the 7 th July 2024 ?
.Soon there will be 2 unresolved important financial matters, concerning the ongoing financial viability of the company.
In this situation, the company should not be permitted to continue to raise money from the public via the capital raise, untill these two matters are finalized .
Rather in the interim it should be suspended from trading untill these matters have. transpired.
What if AuResources doesn't pay the balance ?
For the company, the primary purpose of it being listed on the...
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