"...liquidity is finely-balanced..."
What Andrew Grech actually said on the 4th November 2016 at S+G AGM (when questioned during Q &A session about this wording found on a slide in AG's preso ) was:
"we have no issue with solvency or banking covenants. It was really just to give a sense that as we move through this period of transition, that it remains our first concern that we get through to a stable position as quickly as we can..."