perhaps you two chaps are right, but i would be highly surprised...

perhaps you two chaps are right, but i would be highly surprised if the covenants have been broken already, after all it has only been a month or so since the new agreements were inked!

I totally agree that they are very stricken and overloaded with debt and all. But with the trading halt on thursday and OCP also in a halt at their request 'due to an announcement by the company'. let me ask you what could the OCP announcement be?. The halt did not say 'a related party announcement, but an announcement by OCP'

To me (i could be wrong of course) this is one of a couple of things. offer for all of ISF, purchase of a chunk by OCP, major injection of fresh capitol (possibly rights issue etc).

Either way unless you have bought recently or have been doing a bnh then i suspect you are in trouble.

Oh Hell the more i think about it i am changing my sentiment to ST BUY