LNY 0.00% 0.6¢ laneway resources ltd

A few weeks?, page-28

  1. 1,991 Posts.
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    Hi tomato69 ,

    Yes you have the current period, if you are quoting the Ann dated 15 March.

    From memory these numbers don’t account for a loan advance from a Director - Peter Wright, for $25,000 to Laneway. Again from memory Peter’s loan is interest free with no fixed terms (unconditional). Clearly a confident Director, putting more skin (unsecured), into the game.

    Additionally, from memory, the 31 Dec 2017 report did not account for $100k received in early Jan 2018, from that placement. The $100k was the balance after acquiring Ashford for $375k.

    Re the “going concern” stuff - simply the Auditor’s disclaimer. Every junior explorer gets that little chestnut.

    I advise caution using the “Insol***t” word.

    Cheers,
 
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