Ann: Quarterly Activity and Cash Flow Reports to 30 June 2017, page-26

What they are saying is that without paying 1c towards there $85+ million in loans they still made a loss of $690,000 for the quarter.

So they have $11 mil due this month that they haven't a hope in hell of paying and are trying to refinance the main loan to something better reflecting their income which is currently $-690,000 per quarter.
On top of that the crusher broke in July and processing has been impacted so no profit for that month?

What a dog this stock has become.