status

as I indicated in my previous post...

1. ADY required funds to progress its iron ore export program. They required some $40m cash to develop the Candelaria and Punta Alcalde ports.

2. Production to increase in 2008- 9 to a total of 7m tonnes pa. This is great!!!!!

3. If shares are issued to the Chinese they will relate only to the demerged ADY iron ore stock. That is also great news.

4. Additional funds will be required to get RLL up and running. No doubt 10% of RLL production will secure the $70m or so required.

All going according to plan .

Only issues are:

a. who leaked details to the AFR?

b. will any shares be diluted?

c. when will Santa Barbara pay back the $60m loan? I assume as each shipment takes place.

d. why hasn't the current shareprice reflected ADY's real value?