JOHANNESBURG (miningweekly.com) – JSE- and TSX-listed Atlatsa Resources remains uncertain as to when it will be able to file its interim financial results, after having missed the System for Electronic Document Analysis and Retrieval and Electronic Data Gathering, Analysis and Retrieval filings deadline two weeks ago.
With “significant doubt” hanging over the platinum miner’s ability to continue as a going concern, the embattled group was required to issue bi-weekly default status reports as long as its filings remained outstanding.
This formed part of an August 17 agreement with the British Columbia Securities Commission for the issue of a management cease trade order in lieu of an issuer cease trade order.
Atlatsa said in an update to the market on Friday that there were several uncertainties surrounding its operations, its financial condition and the state of commodity markets, which had led to an indefinite delay in releasing its financial results for the six months to June 30, and there were no assurances that the issues would be resolved.
Atlatsa continued discussions with platinum major Anglo American Platinum over the future sustainability of the Bokoni mine, in Polokwane, as well as potential alternative financial support.