Exhibit A - not showing above for some reason.The financials...

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Stockholm

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20/04/24

17:18

Post #: 73439425
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Originally posted by Stockholm: ↑

Maybe your referring to MRE (Maiden Resource Estimate) which is a method to establish a financial worth based on the goods in the ground.

I think CCO missed their "MRE" by a long shot.

refer to quarterly statement released 31 July 2019.

I then present exhibit A from the August full year report

The lifecycle of kava from plantlet to plant is 4 years. The farm should in full swing by now, no?

Here we are 4 years later in 2024 and a forecast $26,000,000 property value? minus - $25,500,000 as far as I can tell?

Where did all the value go?

Does CCO even use this farm anymor? Interesting the term 'vertically integrated' doesnt get used often anymore.

Your semi right xc_mse - what we do not is a JORC equivalent.

JORC is a set of industry code of compliance set by the ASX to stop companies making outlandish geological claims to shareholders,

eg. Just a hypothetical here - a gold explorer claiming a gold deposit worth $26,000,000 which 4 years later turns out the be worth $500,000.

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Exhibit A - not showing above for some reason.

The financials dont show poperty specifically so i assumed 'plant and equipment'

If you want to be generous take the whole $973,000 as value.

Still a $25 million miss in my humble opinion.

Last edited by Stockholm: 20/04/24

CCO Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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