phillip thomas explains all, page-78

Areo, very good point. How will a company with $3M in cash flow, $27M in debt (cash flow barely covers interest!), a director whos cheque writing ability is meaningless and total BS, who is a patent fraudster after claiming what he claimed above, who is associated with tainted meat (Blumberg) and a failed investment company (Hawkswood), with massive capex and delayed "10Mtpa", go about selling shares to retire debt when its shares dip below 20c?

And something else to sober you clucks up ML has a portfolio which it bought for 15c. If ML decides ADY is too risky (see above) it can clear this swiftly within the 5 days it has before it needs to declare a change in material holding, for a profit. If it thinks the value of the shares will dip below 15c, that is. and with all this BS going on, why wouldn't it and ANZ Nominees, want to just bail ADY?

Hell, at this rate, I'm backing the directors of GXY to leverage themselves up on StateOne money and do a takeover for the twitching corpse of ADY, flick the iron ore business out to Vale Inco for the cost, and socialise two great lithium projects.

This is the biggest fireball of doom I've sold out of lately. This may be "downramping", but I riposte: up-rampers are merely trying to support the sentiment so they can squeeze out the door first.

The warning signs are there, guys. Take heed.