OEL 8.33% 1.3¢ otto energy limited

going concern - or not

  1. 1,012 Posts.
    From Otto:

    "The ability of the company to continue as a going concern and to facilitate the progress of the commercialisation of its various projects and operations and to exploit its exploration assets in the future will be dependent on its ability to raise further funds"

    From BDO (Auditor):

    "MATERIAL UNCERTAINTY REGARDING CONTINUATION AS A GOING CONCERN"... "Significant doubt about the entity's ability to continue as a going concern"

    And far from writing off some of the goodwill for GPC they have recognised a GAIN for the exchange rate... come on...

    You truly would have to be a "true believer" to buy shares in OEL tomorrow.

    p1000
 
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