Ann: Change of Director's Interest Notice, page-15

I would not hold my breath, tungsten (as APT) is now trading circa US$260/mtu and investor appetite subdued. Debt? well that needs cashflow and to date, this one has not been able to convince people its able to spin cashflow to pay debt. Without investor (equity) appetite, I can inly imagine the covenants on debt would be getting more harsh as opposed to lenient over time. So, if you thought the last debt was bad..........