the way i see it

if ADY can obtain this 25m funding arrangement, IMO expect ADY to turn green.

ADY have serious cash issues atm due to multiple debt facilities falling due very soon. Obtaining 25m would ensure these debts are cleared, leaving approx 10m to be left over for working capital. ADY can therefore ensure that even if the next shipment is late, it will eventually occur whether it be toward the close of this month or next. This shipment as previously stated is worth approx 9m FOB. This will equate to approx 19m left for working capital which frees ADY right up. 19 m can ensure the purchasing of a crusher, to increase production, it will ensure more drilling can occur to prove up resources, remembering that further funding can be obtained once resources can move up the JORC chain and improves chances of JV's. Further to this, due to the significant working capital and sales to occur over the next few months, once the port is cleared this will push ADY into next year of which ADY has debt owed to them and we can obtain full ownership from Wyndam and flick Besalco for what they owe.

All in all, and in brief, not mentioning Shougang, WISCO Contracts, demerging, IMO if ADY can get past the immediate future with 25m, hopefully shareholders have something good to smile about. The next announcement is make or break.