demerger

After speaking with another long term ADY holder we believe that a demerger may occur late next month but RLL will not be listed on the ASX.

Reasons...
1. Demerger will protect the jewel in the crown especially if Hawkswood and co attempt to sell assets in order to recover debts.

2. RLL need cash in order to be listed .ASX rule is that a company must have sufficient cash on hand in order to prevent it going under. While cash ( loans)is at a premium to obtain lets just sit and wait until sometime next year when conditions improve.

In the meantime ADY can continue to survive by exporting iron ore until all court cases are settled.

Just our opinion.

I guess we may know late next week when AGM report and papers are mailed.