Tanjung Pinang Resource seemed to be a cost more than anything else. Not fit for the business. MBO can now focus only on e-payment, where the growth is.
MBO remains one of the most undervalued gem on the aim market and it still baffles me...
Investor not afraid to buy O&G/Miner in dodgy African countries but a monopoly in Malaysia no?...
Anyway I am loading tomorrow !
Going concern:
"The forecasts demonstrate that the Group and Company is forecast to generate profits and cash in 2021/2022 and beyond and that the Group has sufficient cash reserves to enable the Group and Company to meet its obligations as they fall due for a period of at least 12 months from the date when these financial statements have been signed.
After undertaking the assessments and considering the uncertainties set out above, the Directors have a reasonable expectation that the Group and Company has adequate resources to continue to operate for the foreseeable future and for these reasons they continue to adopt the going concern basis in preparing the financial statements."