This is what I would expect the timelines for ADY's funding to come in...
US$40m loan from Shougang plus 5 year sales contract... in the next couple of weeks perhaps? I believe this will come in well before October as ADY want to repay the hawkswood and YA Global facilities with it.
US$200m ML note (no mention of it being a convertible issue, so i'd say fixed interest to be paid back in full). I expect this would still take a while to conclude as ML want to see that CMSB can deliver on the sales contracts. SPK need to release their estimate on Viejo for this and possible further drilling to prove up resource.
So all in all, there will be plenty of news flow in the coming few months for the Iron Ore side, then we've got Rincon.
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