RE: Interim Report13 Mar 2025 07:29
Oh dear, oh dear! As a few of us said, a (attempted?) heavily discounted fund raise in Q3 highly likely. More likely is the continued Selan go slow and the company throws in the towel by year end. Sorry folks, but is that the fat lady i see heading towards the piano? lol
'The independent auditor's review report contains a statement of material uncertainty regarding the Company's ability to continue as a going concern
Should the anticipated revenues from the new well not materialise as expected, or if there are delays in the completion of the well, the Group may need to seek additional funding or implement cost-saving measures to meet its financial obligations.'