going nut, page-31

Hi hotrock and bello -- Here is a reference from doogsie1 over at the BUY thread about the Chinese Connection.

"The Senior member of the Advisory panel for Advent is Mr Ding, who is a former senior Chinese Government Ministerial official with significant networks at the highest level in China.

Mr Ding is a former senior Chinese Government Ministerial official with significant networks at the highest level in China. He was the former Head of Exploration for the China National Petroleum Company (CNPC), where he directed the exploration activity of more than 20 oilfields all over China. Mr Ding last served as Commissioner of the China State Asset Administration Office, where he reported directly to the Prime Minister's office and supervised the reform of major Chinese state enterprises.

The Federal Government Bureau of Research Sciences in conjunction with the NSW Department of Mineral Resources are heavily involved in this project, so it is obvious that this project has got legs.

The questions remain, where is Advent getting it's funding from? The best bet would be China?

How much of this project is the Chinese State Lead Government going to fund and own? And how many more of our resource assets are we prepared to give up to the Chinese Totalitarian Regime, and how is this going to affect Australia in the future?"

REFERENCE: http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=968290&msgno=4400869#4400869

He doesn't provide the source for this, however, these Foreign Investment Plays [FIPs] by China, are rising fast -- we have already seen LYC and ARU with their Rare Earths being snapped up with US dollars - now we are seeing PEP11 with similar strategy.

Where next??

cheers