TGS tiger resources limited

Haven't been able to get a reply to email or phone calls from...

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    Haven't been able to get a reply to email or phone calls from Tiger management, interested to hear of other investors perceptions?

    Does anyone have insight into the default event reported in the financial statements?

    "As at 30 June 2016, the Group had a waiver from lenders in relation to the timing of registration of certain
    mortgages held as security in relation to the Senior Facility. As the waiver period expired on 31 July 2016 and
    has not been renewed, the Group is not in compliance with the condition as at the date of this report which constitutes a default under the facility."

    So technically they were in default from the 1-August to 9-September with no announcement to the market. How can this go unannounced to the market, and what has actually happened here?
 
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