watch volumes from here in...bounce, page-5

My understanding is that an SBLC from Shougang is as good as money in the bank. ADY continues to maintain that "in regards to the Shougang SBLC. The negotiations have been approved both sides." ADY cannot commit to Satander's repayment requirements until the Credit Suisse loan or other funding is approved. This is only because no sales are occurring during the mine upgrade period and the money is needed to maintain the repayments.

So we can take it from that that ADY is good for US$40m + US$9m iron ore shipment, and has no problem repaying Hawkswood and YA Global. ADY is also owed over $150m of debts from Blesco, SantaFe, and Wynham and have no money problems as far as I can see.

As ADY has over 3 weeks to repay Hawkswood and 4 weeks (plus 21 days) to repay YA Global, they have time to arrange their refiancing. and there is no reason to believe this wont be done very soon and an announcement explaining that will be issued shortly.

But there are other reasons (besides funding announcements) why we could see a rapid rise in the sp immanently. ADY has only 2 days to announce the demerger in time for it to be voted on in the AGM scheduled 28 Oct.