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- 14 February 2005
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The Tas govt is generally pro-development but there's a lot more to Tassie politics than what the government wants. A LOT more.but whilst I'm here, does anyone know what the attitude of the Tassie govt is towards uranium mining? It seems pro-development to me, but I don't know in relation to uranium.
That is a shame as its Tasmanian uranium prospects look very prospective with past assays attaining as much as 13.6% U3O8, or 300 lbs/tonne. Luckily this company is diversified and has quite a number of good prospects.The Tas govt is generally pro-development but there's a lot more to Tassie politics than what the government wants. A LOT more.
A bill to prohibit nuclear power generation and uranium mining in Tas was defeated by both Labor and Liberal yesterday. The bill was put up by the Greens.
Tasmanian premier Paul Lennon has however said that "Tasmania doesn't need nuclear power". A comment that's absolutely correct in a technical sense since in the absence of a very major rise in power demand, a nuclear plant just wouldn't be viable to build. Unlike the mainland states, Tas has a virtually zero ongoing cost renewable supply for over 94% of its electricity (predominantly hydro and a bit of wind). A nuclear plant to supply the other 6% just wouldn't stack up technically or financially.
The Tas government has a strong vested interest in renewables since it is the 100% owner of the Hydro-Electric Corporation, by far the state's largest financial asset with operations in Tas, on the mainland and overseas. The Tas govt has far more to gain from promoting renewables than nuclear energy.
Don't for a moment underestimate the vote swinging capability of energy in Tasmania. It's seen leaders dumped, governments thrown out and at different times both major partys virtually annihilated at the polls. And of course it created the Greens in the first place.
So I just can't see Labor in Tas easily backing a U mine. They might back it but its not something that would come naturally and not without a lot of thought. It would be like the Pope advocating condoms. Possible but not a natural position to be taking.
Overall, I'd be very surprised to see a proposal for a uranium mine in Tas NOT meet with a response very similar to any of the past major environmental battles such as the Franklin, Wesley Vale etc. Labor may well be in government, but the Greens are undoubtedly a very major force in Tas politics whether elected or not. Both Labor and especially Liberal governments have seen past policies and major projects stopped or at least seriously threatened by the Greens - simply being in government doesn't guarantee anything.
I'd be surprised if appropriately worded triangles aren't already being printed ready for the campaign...
It would perhaps be better if MAK were to wait for a good day before releasing any results so to maximise its effect. This is clearly a stock with strong potential on a number of fronts.Gidday Greggy...to say these guys are diversified is a touch of an understatement. Definitely to the benefit of SP though...MAK holding up well. I believe that the NT tenements covering both Phosphate & U are the logical place to carve out a U resource. Handy to have the other U prospects (WA/TAS) in the cupboard though.
I think the Southdown Fe assays should give MAK some upward momentum in the shortterm. Hopefully soon (like today would be nice)...be refreshing to some green amongst raging sea of red
Hi Col Lector,I do agree Greggy...just having a laugh at my predicament today. Ideally MAK SP will hold up & waves of selling subside before it is released to an attentive audience. The release of +ve Fe assay results were flagged in the recent presentation so could happen as soon as next week. Are you onboard this one??
Thanks Col. This is good stuff, cheers. He's pretty frank and confident about being re-rated once the W Southdown numbers come out, and it didn't sound like a ramp to me.MAK's MD - Andrew Drummond's Presentation at 2007 AMEC National Mining Congress is able to be heard/viewed at
http://www.brr.com.au/event/MAK/2097/2416197/24161
His talk fleshes out the presentation given mid-last week eg, awaiting overdue assays for both Fe & Sn/W projects; hurdles to be overcome with NT phosphate/Uranium and Moina fluorite projects...etc. Pretty positive stuff..
Still waiting for the Southdown and Tin results. Waiting, waiting.
Noticed the sellers dry up quite a bit last 2 days. Not sure what that really means, but I suppose less people want to sell. Or, no one is interested.
Chartwise looks like it could break up from this consolidation. The last big white candle is pretty positive, but volume is way off.
Will probably only be driven by the news.
(holding)
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