the fact that professor palmer has bought into this bodes well...

the fact that professor palmer has bought into this bodes well in the medium term. However I believe it differs from the SHN/ARH experience in that ARH wanted palmers resource owned buy mineralogy pty ltd. In this case it would appear the resource is,at the moment, owned buy MEO and they have solved their exploration issues using Palmers funds.

My concern in a general sense is that the advent of RDI listed in HongKong will see this resource, and a lot of others for that matter, in time rest in the hands of offshore residents.

Hopefully Wayne Swan and the treasury/FIRB have limited the amount of foreign ownership "going forward". Love that term!

Cheers
Simon