Australia's largest stock trading and investment forum Australia's #1 stock forum

AWD

Click for more information

0.00%

0.0¢ aleator energy limited

People are waiting for notice of meeting, page-134

First 134 Last

Share
Profile

Follow
skyscraper99

1,312 Posts.

29

22/10/15

16:25

Post #: 16232237
Share

Originally posted by quattrocap ↑

I have been in and out of this forum on AWD and I have seen a lot of speculation and potentially mis-information about the NoM etc. I have now taken a little time to look through all the potential issues and come up with the following conclusion ...

It is clear from the audited accounts that AWD has impaired its Golden Eagle assets in the US - which is a good move by the directors to clean the balance sheet up prior to the transaction being completed with Vonex. I would consider that this would have had a material impact on the pro-forma balance sheet required for the NoM and therefore was most likely the cause of delay in the NoM going to ASX in the first place. A fairly obvious explanation, the timing is largely outside of the control of the company as this would have been an audit issue.

Just my two cents worth to try and get some likely clarity on this issue.

Expand

Ah Quattro you obviously mingle in the right circles, spot on there, however why has it taken over a month,
I spoke to them over there today.
I also spoke to those who control them,

AWD Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CNB

Carnaby Resources hits copper at Mohawk, QLD

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

There are more pages in this discussion • 75 more messages in this thread...

First 134 Last

Add AWD (ASX) to my watchlist