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24.0¢ bbx minerals limited

Ann: Half Year Accounts, page-19

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butcherboy

16,523 Posts.

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14/03/19

17:20

Post #: 37764901
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Originally posted by marri: ↑

From the just released half yearly....

”Material Uncertainty Relating to Going ConcernWe draw attention to Note 1(c) of the condensed consolidated half-year financial report, which indicates that the Group incurred a net loss after income tax of $222,931 (2017: $1,523,750), and as at balance date, held cash of $608,596 (30 June 2018: $761,590) and has current liabilities of $514,053 (30 June 2018: $478,726). These events or 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 conclusion is not modified in respect of this matter. ”

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The 'material uncertainty relating to going concern' clause from the auditor is normal for a startup company like this that has no cash-flow except from investors. It's a non-issue.

BBX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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