INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF KABOKO MINING LTD.
Emphasis of Matter Without modifying our opinion, we draw attention to Note 1 in the financial report, which indicates that the consolidated entity incurred a net loss of $7,154,679 during the year ended 30 June 2012 and, as of that date, the consolidated entity’s current liabilities exceeded its current assets by $2,421,878. These conditions, along with other matters as set forth in Note 1, indicate the existence of a material uncertainty that may cast significant doubt about the consolidated entity’s ability to continue as a going concern and therefore, the consolidated entity may be unable to realise its assets and discharge its liabilities in the normal course of business at the amounts stated in the financial report.
KAB Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held