jsw steel

Being to think that JSW Steel may be taking a major stake in the company. Should know by tomorrow after trades are "discovered".They need only 20% i think to create damage to the Board.

JSW would then

1. Remove ADY directors and install their own

2.cancel all litigation charges against Besalco who they are using at Santa FE

3. cancel all litigation charges against Leonardo Klein

4. go into another joint venture ( Vallenar)with Leonardo who owns 40%.

An alternative to the above is Leonardo doing the above and going jv with JSW Steel.

Either way the Aussies go out.

Lets face it ADY has no cash to continue operations and is not mining nor drilling.