actually that seems like a very shaky basis on which to prepare one's accounts on a going concern basis, an unproven trial mine in the Amazon jungle.
What did the auditors say in the report? Page 21.
"We draw attention to Note 1(c) of the consolidated financial report, which indicates that the Group incurred a loss before taxation of $1,523,750 (2016: $433,161) during the half year ended 31 December 2017 and as at balance date held cash of $596,498 (30 June 2017: $1,201,265) and had current liabilities of $503,603 (30 June 2017: $576,163). These conditions, along with other matters as set forth in Note 1(c), indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter."
It will be interesting to see who stumps up the next bit of money, trial mines in the Amazon jungle don't build themselves. Esh
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