Hi Kacy,I agree that ADY must have been able to somehow reassure...

Hi Kacy,

I agree that ADY must have been able to somehow reassure YA Global that it would not go under. However $11.5m is a small outlay/risk. If ADY goes into administration then YA Global would still be in line to recover its loan from the sale of Vallenar which is worth a lot more.

I read that only US$1m was converted to shares at this stage. Again a small amount at risk.

It is interesting that Rincon was sold to repay all debts BUT $11.5m debt still exists??????

Iron ore production start date not announced as yet.Will be interesting to see what monthly production is anticipated by new contractor.