Agree 100% and in all probability it’s been that way for a few...

Agree 100% and in all probability it’s been that way for a few months.
It really looks like they will run out the short term loans until the banks call them in.
In the mean time management will continue to collect fat salaries and Sinosteel will get as much resource out of the ground and sell it for next to nothing to mates in China.
It’s a pretty sweet deal for all but the shareholders while it lasts.
IMO they have no intention of paying any of the current loans down, they will just keep borrowing until they no longer can, then lock the gates and leave.