good article of support for sucker shareholder, page-19

Freewill,

You seem to be ignoring the Shell stake. Shell will ensure that the JV acts in Shell's commercial interests, not that of the Chinese government, and certainly not that of the people of Australia.

FIRB can impose conditions on the JV, I guess they could even impose a certain number of directors be Australian resident, etc.

I really think your primary concern/our concern should be about the transfer of longterm wealth from mostly Australian interests to Sino/Anglo/Dutch interests. Either way it's about somebody else gaining that future stream of wealth. In particular that we here (and I am a foreigner) are likely to be forfeiting this.

The secondary issue is that the Chinese are bringing forward the development of this resource. I really do believe that they will be much keener on importing more gas if they can buy it on such cheap terms (as with buying AOE).

It's all about valuing the future, about time perspective.

EL