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alfredx Senior	13-Mar-2022 16:29        alfredx About Contact  Quote this Post!
x 0   x 0  Alert Admin	What the point of digging the past to say? If u are a long term holder just hold and hope gold price rally that can have a much better earning.. if u are shortis dont come here and short and talk down the stock.. this stock already no meat for u to get.. Jamesrocker      ( Date: 13-Mar-2022 15:29) Posted: Going Concern Assumptions Disclaimer of Opinion The following section has been extracted from the Independent Auditor&rsquo s Report and set out in italics below: &ldquo We refer to Note 2.1 to the financial statements with respect to the Group&rsquo s and Company&rsquo s ability to continue as going concerns. As at 30 June 2021, the current liabilities of the Group and Company exceeded their current assets by S$7,432,000 and S$47,649,000 respectively. The Group also incurred a net loss of $19,183,000 during the financial year ended 30 June 2021. These factors and other matters disclosed in Note 2.1 to the financial statements indicate the existence of material uncertainties that may cast significant doubt on the Group&rsquo s and the Company&rsquo s ability to continue as going concern. As disclosed in Note 2.1 to the financial statements, the directors are of the view that it is appropriate for the financial statements of the Group and of the Company to be prepared on a going concern basis. As further disclosed in Note 2.1, the ability of the Group and Company to continue as going concern is dependent on its ability to generate positive cash flows from the mining operations assuming that there is sufficient tailings capacity and the availability of sources of financing. However, arising from  the effects of the above and lack of supporting documentation and records, we were unable to obtain sufficient appropriate evidence to conclude on the appropriateness of certain key assumptions used in the cash flow analysis to assess the going concern assumption used in the preparation of the accompanying financial statements. Consequently, based on the information available to us, we were unable to determine whether any adjustments might have been found necessary in respect of the aforementioned balances and other elements making up the statements of financial position, consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated statement of cashflows for the year financial ended 30 June 2021, and the related disclosures.&rdquo
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Jamesrocker Senior	13-Mar-2022 15:29        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Going Concern Assumptions Disclaimer of Opinion The following section has been extracted from the Independent Auditor&rsquo s Report and set out in italics below: &ldquo We refer to Note 2.1 to the financial statements with respect to the Group&rsquo s and Company&rsquo s ability to continue as going concerns. As at 30 June 2021, the current liabilities of the Group and Company exceeded their current assets by S$7,432,000 and S$47,649,000 respectively. The Group also incurred a net loss of $19,183,000 during the financial year ended 30 June 2021. These factors and other matters disclosed in Note 2.1 to the financial statements indicate the existence of material uncertainties that may cast significant doubt on the Group&rsquo s and the Company&rsquo s ability to continue as going concern. As disclosed in Note 2.1 to the financial statements, the directors are of the view that it is appropriate for the financial statements of the Group and of the Company to be prepared on a going concern basis. As further disclosed in Note 2.1, the ability of the Group and Company to continue as going concern is dependent on its ability to generate positive cash flows from the mining operations assuming that there is sufficient tailings capacity and the availability of sources of financing. However, arising from  the effects of the above and lack of supporting documentation and records, we were unable to obtain sufficient appropriate evidence to conclude on the appropriateness of certain key assumptions used in the cash flow analysis to assess the going concern assumption used in the preparation of the accompanying financial statements. Consequently, based on the information available to us, we were unable to determine whether any adjustments might have been found necessary in respect of the aforementioned balances and other elements making up the statements of financial position, consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated statement of cashflows for the year financial ended 30 June 2021, and the related disclosures.&rdquo
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sklong138 Elite	13-Mar-2022 14:21        sklong138 About Contact  Quote this Post!
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Jamesrocker Senior	13-Mar-2022 12:44        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Series of negative news and thus leading to loss of confidence in this company... not sure if it' s risky to buy even at 2
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Jamesrocker Senior	13-Mar-2022 12:42        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.afr.com/companies/mining/ballarat-mine-accused-of-preferentially-promoting-ethnic-chinese-20220201-p59ssl
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Jamesrocker Senior	13-Mar-2022 12:40        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.afr.com/companies/mining/audit-blow-for-ballarat-gold-mine-owner-20211122-p59awg
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Jamesrocker Senior	13-Mar-2022 12:36        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.abc.net.au/news/2021-09-10/ballarat-gold-mine-put-on-notice-after-tunnel-collapse/100450092
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sklong138 Elite	13-Mar-2022 08:27        sklong138 About Contact  Quote this Post!
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Jamesrocker Senior	12-Mar-2022 22:15        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Decent company perhaps might have followed the gold price  this one has been losing support even though gold price has been on the rise for months  Need to boost people confidence first and resolve the audit opinion before talking about going up  who knows, by the time their audit has been resolved, gold price might already be on the dip  Tough nut to crack... too many uncertainties
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sklong138 Elite	12-Mar-2022 18:02        sklong138 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://youtu.be/BTkcaqzcZNs
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sklong138 Elite	12-Mar-2022 17:52        sklong138 About Contact  Quote this Post!
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sklong138 Elite	12-Mar-2022 12:46        sklong138 About Contact  Quote this Post!
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sklong138 Elite	11-Mar-2022 17:55        sklong138 About Contact  Quote this Post!
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Jamesrocker Senior	11-Mar-2022 14:28        Jamesrocker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some people see this as gold..   even with such increase in gold price, it' s still stagnant.. this clearly shows something.. imagine without surge in gold price, perhaps it would have been 1-2....
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Thi654321ABCDEF Master	11-Mar-2022 14:19        Thi654321ABCDEF About Contact  Quote this Post!
x 0   x 0  Alert Admin	2500 also no use , I already informed this one will not move parallel to gold price . When gold price is at 2100 , it traded at  1 and 2 , if no belive go check 2 years ago Now also same same 2000 plus also 2 and 3 2200 plus ---? 2& 3 2100 plus ------? 2 & 3 2000 plus -----2 & 3 1900plus -----------2 & 3 1800plus-----2& 3 1700plus---------2& 3 1600 plus ------2& 3
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sklong138 Elite	11-Mar-2022 08:41        sklong138 About Contact  Quote this Post!
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sklong138 Elite	11-Mar-2022 07:12        sklong138 About Contact  Quote this Post!
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sklong138 Elite	10-Mar-2022 20:30        sklong138 About Contact  Quote this Post!
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sklong138 Elite	10-Mar-2022 20:00        sklong138 About Contact  Quote this Post!
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sklong138 Elite	10-Mar-2022 08:04        sklong138 About Contact  Quote this Post!
x 0   x 0  Alert Admin	RECAP sklong138      ( Date: 08-Mar-2022 09:08) Posted:
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