SHK 0.00% 0.5¢ stone resources australia limited

Ann: September 2016 Cashflow Report-SHK.AX, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 614 Posts.
    lightbulb Created with Sketch. 15
    Fairy ponders, fairy tales
    Golden Stones, or Saprolegniales

    page 9 of the June 2016 Annual Report has a table showing
    Revenue 30th June 2012 $11,019,437

    really? when did this company have revenue? OR was it capital?
    YES I can see the Net Loss before tax ....
    $50 million loss over last 5 years
    a few dollars in the bank
    Shareholders kept in the dark whilst effective control by Stone over a listed company acts like a private company.

    Has anyone verified the figures
    Is the plant and equipment worth 7.8 million?
    Are the reported grades verified? If they had 2g/t why aren't they milling

    Stone loan the company money and the company repays interest.
    If it was a casino it would be checked for money laundering.
    Yet SHK has no other activity than borrowing money, paying interest to Stone and paying directors fees.
 
watchlist Created with Sketch. Add SHK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.