Ann: Half Yearly Report and Accounts, page-3

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minstrels99

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15/03/19

13:54

Post #: 37775271
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Originally posted by 87 Crash ↑

Notes on the Financials

The ability of the Group to continue as a going concern is dependent upon the Group being able to manage its liquidityrequirements by taking some or all of the following actions:1. Continued production and generation of revenue from the Granville assets;2. Raising additional capital or securing other forms of financing, as and when necessary to meet the levels ofexpenditure required for the Group to continue to explore the mineral properties in which it has an interest andto meet the Group’s working capital requirements;3. Conversion to equity of amounts payable to DGR Global Limited, Directors and other related parties;4. Reducing its level of capital expenditure through farm-outs and/or joint ventures;5. Reducing its working capital expenditure; and6. Disposing of non-core assets.

This is why they do not care about Convertible Notes.

Inventory

So all that Bench work that was done and ore finalizing / Dressing of G1 yet none has been booked to Inventory?? And a further $827,025 spent on Other Granville Expenses. What were they? The Jemrock work should have all been capitalized on the balance sheet and not moved to the P&L.
Something crook about our inventory. What are they not telling us?

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Though i hate to admit it even i have to concur with that statement .
I have always believed that not everything can ( or should ) be disclosed due to the nature of business in general , however a few things seem to be NQR and i'm really not sure right now how i feel about that. If those drill results come back with a big positive then they may have questions to answer on the timing .

ANW Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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Ann: Half Yearly Report and Accounts, page-3

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