I feel like I'm at the casino, with my last $100 ... red or...

I feel like I'm at the casino, with my last $100 ... red or black? Wouldn't a trading halt be appropriate at this point?

From announcement

"As at the date of this report, the Company has received a number of non-binding indicative proposals and the directors, based upon feedback received from the Company’s US advisor, believe that one of these will conclude in a refinancing or asset sale / restructure which will facilitate the repayment of the Company’s secured term loan outstanding principal and fees, outstanding trade creditors, and provide the Company with sufficient working capital to continue to develop its oil and gas assets on a going concern basis."

VS

"In November 2013 Red Fork (USA) Investments, Inc., a wholly owned subsidiary of the Group, entered into a credit agreement with Guggenheim Partners, LLC ("Guggenheim") of up to US $150 million secured term loan ("Secured Loan"). At December 31, 2013, the Group had borrowed $100 million under the Secured Loan. Under the terms of the credit agreement, the Group has quarterly covenant reporting obligations, and the Group was in compliance with these covenants at 31 December 2013.The Group anticipated it would be in breach of certain covenants as of 31 March 2014 and 30 June 2014 and accordingly obtained waivers from Guggenheim in respect of those anticipated breaches as of that date, effective until 30 September 2014. There is no certainty that the Group will be able to obtain further waivers beyond this date.
If the Group is unable to obtain waivers beyond 30 September 2014, the loan is not repaid or the terms of the loan varied, then a breach of the terms of the Secured Loan would occur. If the breach is not remedied within 30 days of the breach then an event of default under the loan agreement would occur, and Guggenheim would have the right to request the full loan principal and any outstanding fees and interest be repaid upon demand."