Auditors have to include this statement in their report where there is any material uncertainty over the future of the company. I.e. at the moment no real revenue producing activities and thus just cash burn. If a deal is signed and then they can raise the appropriate funding and the project is deemed to be a positive NPV then this uncertainty would likely be removed from any audit opinion (i.e. no doubt as to the entity's ability to continue operating for the forseeable future). This is just a standard emphasis of matter in a company such as this, as the directors have already disclosed this item in the report.
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Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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