Has anyone gone over the financials of the company?From my...

Has anyone gone over the financials of the company?

From my understanding raising funds is imminent otherwise the company cannot continue to operate.
This worries me because raising funds will cause the SP to drop (in most cases).

See below extract:

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Material Uncertainty Related to Going Concern
We draw attention to Note 3(b) in the financial report, which indicates that the Group had current assets of
$459,393 including total cash of $447,144, current liabilities of $151,555 and has incurred a net loss of
$357,125 in the period ended 31 December 2020. Subsequent to 31 December 2020 the Group raised a
further $165,000.

The ability of Ausmon Resources Limited to continue as a going concern is subject to the successful
recapitalisation of the Group. In the event that the Board is not successful in recapitalising the Group and in
raising further funds, Ausmon Resources Limited may not be able to pay its debts as and when they become
due and may be required to realise its assets and discharge its liabilities other than in the normal course of
business, and at amounts different to those stated in the financial report. Our conclusion is not modified in
respect of this matter.

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See below for info about how and when they have raised funds in the past:

(1)On 1 September 2020, an unrelated company Fort Capital Pty Ltd provided a loan facility to fund the
general working capital of up to $350,000 until 15 September 2021. The funds advanced under the loan
facility are unsecured and bear interest at 8% per annum. A facility fee of 1% of the loan amount is
payable on execution of the agreement. No amount has been drawn under the facility at the date of this
report.

(2)On 25 February 2021, the Company raised capital of $165,000 before costs with the issue of
30,000,000 fully paid ordinary shares at $0.0055 per share under private placement.

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