Perhaps this is why:-"Going Concern As a result of the covenant...

Perhaps this is why:-

"Going Concern

As a result of the covenant breaches identified above, and the presently unresolved outcome of
negotiations with the lenders, the Directors have considered whether the Group remains a going
concern. This is discussed further in note 1(e) to the financial statements (refer Appendix 4D).
Directors have formed the view that there will be an outcome that will ensure the Group is able to
continue as a going concern.

However Directors advise that there is significant uncertainty as to the Group continuing as a
going concern and note that it remains reliant on the support of its lenders through their waiver of
certain loan covenant breaches."