Ann: Half Yearly Report and Accounts, page-2

from the Auditors report.....

Material uncertainty regarding continuation as a going concern We draw attention to Note 1 in the financial report, which indicates that China Magnesium Corporation Limited incurred a net loss of $1,539,252 during the half-year ended 31 December 2017 and, as of that date the Group's current liabilities exceeded its current assets by $743,309. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on China Magnesium Corporation Limited's ability to continue as a going concern. Our conclusion is not modified in respect of this matter.

White Shoe brigade at its best.