Results Out30 Dec 2016 16:53
Results
The Company is reporting a loss for the year of $6.1m compared with a loss of $8.8m in the prior year. $7.5 of the 2015 loss related to impairment charges, so quite a hefty loss in 2016. Turnover as we thought fairly immaterial, don't forget though these results are now histrical, some might say hysterical!!
Cash $300 and thats why the raise in September happened.
Next RNS Katrina is chucking another £150K in GBP this announcement!! confused yet? for a fee of £7.5K 5% finders fee, not too bad under the circumstances? How does Katrina intend on getting her money repaid though? that could be the great puzzle for 2017.
Unless afpo get a nomad and return to aim before 8 Jan 2017 then they have no chance of raising funds, so unless income starts coming in, a bif if, then I can't see how she will recover her money. The only outcome I see is the company goes private, they sell Lac Dinga, repay Katrina and fade away.
A very sorry tale indeed, and CC stills sounds bullish in these RNS's what the feck is the boy taking?
Mr T