After being suspended for a week. Had a good chance to look at Half Year Report and compared it to the SPP. Sold out completely... made back 50% of WPG loses by buying lithium stocks in the EOFY.
Table below shows current assets down, current and non-current liabilties up, and from 30 June 2016 to 30 April 2017 (10months) have racked up $10m loses.
View attachment 636549
June QTR is not going to give me info that i need, so not going to waste my time. What i need to see is the details in the Annual Report and that is due in late October.
Contrary to what has been stated in these forums , KCN actually wrote it down in Oct 2013, and the mining lease disputes with TYX (or the Ironclad) occured arose in Dec 2013. Conclusion, KCN did not write off deeps because they could resolve a dispute with their JV partner.
No more post from me.
