PXG 0.00% 15.0¢ phoenix gold limited

capital raising, page-21

  1. 48 Posts.
    I would say its most likely linked to resolution 6. If you have a look at the auditors report for 2011-12 annual report. there is an emphasis of matter. So the auditors have concluded that in their opinion the reports are true and fair/ free of material misstatement. However they have thrown in an emphasis of matter. It states that there are going concern issues given the large loss incurred this year. Obviously there are cash issues at this present point in time but with the sale of historical stockpiles and cash flow from smaller projects this concern should be rectified.
 
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