Referring to the Shougang agreement, it appears that one of the key aspects which may have been making this announcement lag is that the takeoff agreement has gone from 10 years down to 5. This is the first time PT has released this to the ASX and its shareholders. China is driven by its exports in order to create wealth and expenditure within its country, the cooling world economy is reducing their CAD so in my opinion from a chinese POV it makes sense to lock in supply for a shorter period due to the uncertainty and dwindling confidence. The contract still stipulates a 40m LOC, to me that is the key, once this is obtained it shall be smooth sailing for ADY, they have so many debt facilities and opportunities occuring earlier next year, if they have enough cash to get them there, ADY will be set.
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
