communication with mgt?, page-7

Yes and from what I gather they are still earning enough cash to meet the load repayments.

I think I read somewhere that they were given a waiver for not being able to meet interest repayments - which is incorrect. The announcement clearly stated "interest cover ratio" which from their half yearly report was 4 times interest. If it fell to say 3 times interest this is far from being bad.

If people have this misconception this it might be why it has tanked a little.