kytsym, you will find it in the extension ann of 1 Oct...
"Further interest charges will accrue if the debt is not paid on the due dates"
That also means if ady choose not to repay the loan by 31 December then they will have to pay hawkswood more interest.
That's because ADY is good for another $58m according to the annual report. I repeat, ady in not at any risk of being put into receivership by hawkswood because they have equity of $58m.
Now the $58m equity is based on the tenements being valued at $66m total. Three panamax shipments are worth that much. So the valuation of the mines in the annual report is vastly understated.
panic, page-28
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