Advanced Explorations Inc. ADEXF

China Process

[hundredvanities1]

AXI management blames the slow China process for lack of progress, as if XinXing loves the deal but is being held back by the slow-moving Chinese government authorities.

But the ADV-Hebei JV deal gets approval from the Chinese National Reform and Development Commission less than 3 months after the deal was signed. The initial $88 million investment comes next week.

https://in.reuters.com/article/2012/07/08/hebei-invest-idINL3E8I800X20120708

There is no slow China process that lasts 2 years! There's just an incompetent management team that is just unable to close a deal. Xinxing has an option to sign a JV deal to develop Roche Bay, but Gingerich just can't get a Chinese signature.

[Oldguy]

Here is the problem with HV's logic and why his posts are intended to undermine AXI: 1. He assumes that all Chinese  deals are the same, that is the description, scope and content. Therefore they should all be dealt with in the same fashion. 2. He assumes that the same officials are working on all Chinese deals and therefore they are dealt with in the same way. 3. He assumes that Alderon

[hundredvanities1]

You're making the same dumb mistake of accepting Gingerich's position that there are Chinese officials involved right now with AXI-XinXing interaction.  There is no signed JV deal therefore there is no approval process. The slow Chinese process is a myth. The government officials have nothing to do with it. The reality is that XinXing has made a business decision to hold off on

[zedman4]

I hear that to do business in China; one needs to pay off certain officials; could be the same for mining?????

[Greenandgrill]

Where does your knowledge come from? Have you ever been involved in a Chinese approval process? Do you have any contacts within the National Development & Reform Comission or is it all pure speculation?

[Oldguy]

G&G or HV or whatever name you use on a particular day, if you had any business experience in the emerging world, you would understand that not much gets done without someone's palm being greased. This a fact of doing business and I know this from having done work in the emerging countries.