The Auditors believe there is "Material uncertainty in regards to going concern". I assume because there was a net loss for the half year of $6.6m and net cash outflow from operations of $4.9m and only $7.9m in the bank account. They are covering themselves.
The Directors believe that the group will be able to pay its debts as and when they fall due.
The Directors obviously believe that there will enough revenue generated this year to cover costs.
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- Ann: Appendix 4D and Half Year Report
Ann: Appendix 4D and Half Year Report, page-3
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