The Covenants, page-5

I can't imagine the lenders allowing ago to fall over. Up until a few months ago ago was one of the best iron ore miners. It has great assets and fingers crossed it can continue to operate. If iron ore continues to improve then mcs could be anything.

If it doesn't then mcs still looks ok with a market cap of 20 odd million. It's still forecasting an ebitda of 70 mill, a reduction of approx 20 mill from its previous guidance.