Wallbanger,What this actually means is that you comment on other...

Wallbanger,

What this actually means is that you comment on other peoples ahre holding without bothering to read the position and sentiment disclosure attached to my post.

As for price I am in under 20c and followed ADY for a over year. I never bought at a higher price because I considered the iron ore grades close to useless. And i was proven right.

If ADY sell out of the Iron ore mess they will get rapidly re rated.

As for this Chinese deal, Well they have done their due dilligence on ADY iron ore.

Come September ADY will be selling something;
- About 200 million shares to cover Hawkeswood
- Their 60% iron ore interest
- Their future iron ore sales (however the idea that the Chinese contract allowing part of the 40 million out to Hawkeswood is absurd.

As for the demerger the Hawkswood liquidator would be able to block it in the equity court with out a doubt as it reduces his ability to receover his debt.

So it may be another Fortescue or it may be another Allco, who knows.

By the way Wallbanger did you have any FMG??