Ann: Progress Report, page-8

Its pretty much as predicted.

The lenders would pressure them, unlikely to extend further credit unless portion of existing debt is equitised and poor saps holding shares get massively diluted. That and / or a significant equity fund raising seem the only options and we know that placement or rights issue is not a genuine option. Lets not forget how management bungled the last one in a laughable manner.
Operations restricted, no near term resolution of AAT issue, acute balance sheet risk, management working to stave off insolvency

Mmm sounds super bullish!
not
The fact that someone spent $285 to move it 33% makes me laugh !