From announcement:
1.3
In summary, it is the view of the directors that the review of operations and subsequent actions will result in the Group anticipating to have sufficient cash facilities being available to meet the group’s obligations and liabilities as they fall due.
1.6
Status Audit Report Emphasis: Matter regarding going concern
As has occurred over previous periods, the auditors have reported that there is material uncertainty whether the consolidated entity will be able to continue as a going concern. This statement is unchanged from previous periods.
It is the view of the directors that the review of operations and subsequent actions will result in the Group anticipating to have sufficient cash facilities being available to meet the group’s obligations and liabilities as they fall due.
My Comment:
A fine rope OIL is walking. Is reads its all about meeting obligations and liabilities. All this does is keep the company afloat and wages paid. I would like to have heard that actions WILL result in a focused and positive direction to success !!! The question I have to ask is - for how long will this go on and on and on....and on.
I am a shareholder, I hope the Capital Raising Announcement will be positive on detail on where the company is at at present with its technology. And also list what the 'subsequent actions' will be.
- Forums
- ASX - By Stock
- OIL
- Announcement discussion
Announcement discussion
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OIL (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $129.4M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 14.0¢ | $71.49K | 479.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 6886 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.040 |
1 | 23529 | 0.034 |
1 | 63140 | 0.033 |
1 | 25000 | 0.024 |
1 | 60000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 20000 | 1 |
0.045 | 93965 | 2 |
0.048 | 100000 | 1 |
0.049 | 225000 | 1 |
0.050 | 87172 | 3 |
Last trade - 12.32pm 04/12/2024 (20 minute delay) ? |
Featured News
OIL (ASX) Chart |