down down prices is down, page-28

If the covenants do get extended then this will bounce.

i assume the drop from 94c is due to the news leaking early so i see 80c as a bounce point if/when this is resolved. there will be certain negative priced in due to management not managing this in the first place and getting into trouble.

Management needs to provide a specific debt covenant update ASAP to inform holders of exactly where we stand in the negotiations.

does 'final stages of approval' just mean waiting for sign off or is there only one stage in the approval process (i.e. contacting the lenders) and a potential default and handover to the syndicate?