announcement out, page-37

From this announcement, it seems that Shangong and Wisco are committed to finalising contracts with ADY, why else would they come this far in terms of nailing down logistics, letters of credit, contract pricing mechanics and duration, MOU's and the other details outlined in the announcement. In my experience the reality is that contracts worth hundreds of millions of dollars are not settled over night - in one or two meetings. Even if both parties have the most serious intentions of consummating a deal, it is not about simply pitching up on the day and signing on the bottom line.

ADY also seem on the ball in terms of not further diluting the shareholder and achieving maximum possible value from its resource by considering possible JV's and JV takeovers. Also, there doesn't seem to be a problem with the quality of the resource, otherwise why would they be achieving bonuses for superior contract grades from the very pary (Shougang) that they aim to do a deal with?