thinking rationally, page-12

IMO, the loan extension deal ADY got with the Hawkswood receives is very reasonable considering the circumstance. I just did the sums its not 50% p.a. interest its more like 37% p.a.

At the moment banks are charging ~ 15%-20% p.a. on loans to businesses if you can get them. So subtract that from what ADY is paying and you get a 17%-22% p.a. premium but only for 3mth. So divide that by 4 which amounts to a 4%-5% premium for the loan (or about a 50k premium). That would amount to about 1 more truck load onto an iron ore shipment.

So it is a very good deal for ADY in difficult circumstances which should have no effect whatsoever on the bottom line.