Just quickly skimmed over the financial statements - something unusual. They are for Atlantic Vanadium Holdings Pty Ltd the subsidiary and its sub-group, rather than Atlantic Limited which is the company I own a tiny part of.
Why? Shouldn't public financials be that of the listed entity? What is in the parent company's accounts they don't want disclosed?
Strangely too, I think, is that they have shown certain figures for the 3 mths to 31 Dec as well as for the half year ended 31 Dec. This throws up some weird comparisons - eg. foreign exchange gain Dec Qtr = $14,681k, for HY Dec = loss of $9,470, meaning there was a forex loss of $24m in the Sep Qtr!!
Might attempt further analysis and review over the weekend.
Yep - going concern is an issue, but as nearly always, the directors are confident of survival.
btw, I am an accountant but not one who deals with ASX/public companies - so can one who is, please fill me in as to why the accounts of a sub-group satisfy listing requirements?
ATI Price at posting:
88.0¢ Sentiment: Hold Disclosure: Held
