a while to go before it fills the gap...
is this company essentially a brand new company, hence previous price action is irrelevant?
what were the reasons for its price plumetting the last time?
is there new management on board?
It is one of the companies claims land holding around Mt Isa. Well in an excellent geological region. If cannot find enough uranium, they can find copper, zinc, lead, iron ore.....
The only problem is its share price has doubled for the uranium hype, and its land is in QLD. Don't know what is in Beaties' head in next few years. I might put it on my watchlist.
There quite a few of them in and around the region, such as GSE, MRX, URL, which uranium is not the main exploration target.
Beatie has said he will not allow mining if it's up to him. Rudd has said he will leave it to the States. Not in the bag, but hardly paints a great picture for U in QLD in the short term. Carpenter has said the same thing. Only takes a change of leadership of course, but that looks to be some time off.Queensland is also very favourable towards uranium mining.
Ninemsn said:Beattie aims to rule out uranium mining
Sunday Apr 1 16:35 AEST
The Queensland government will not allow uranium mining in the state if it has a say on the issue, Premier Peter Beattie says.
But the premier also has signalled his support for an end to Labor's "no new uranium mines" policy in the lead-up to a vote at Labor's national conference in Sydney later this month, to support federal leader Kevin Rudd.
The premier has long been a staunch defender of Labor's policy not to allow more uranium mines because of fears it would threaten the coal industry.
However, research commissioned by him shows uranium mining would not adversely impact on the state's multi-billion-dollar coal industry.
Mr Beattie on Sunday urged those angry over any perceived backflip by him on the issue not to get their "knickers in a knot", arguing the ALP national conference motion could give Queensland the flexibility not to go ahead with uranium mines.
"If, indeed, there is a position that says nationally that we will mine uranium then we will mine uranium," he told reporters.
"If, however, the national resolution gives discretion, then we will not, we will stick to the existing policy (of no uranium mines)."
Beatie has said he will not allow mining if it's up to him. Rudd has said he will leave it to the States. Not in the bag, but hardly paints a great picture for U in QLD in the short term. Carpenter has said the same thing. Only takes a change of leadership of course, but that looks to be some time off.
http://news.ninemsn.com.au/article.aspx?id=257969
Yes, might be true, but that's not to say the speccies in WA and QLD will not do well if they find a significant resource, as you would probably agree. There's still money to made all over the country at the moment. As I said, leaders will change, Libs may even get in in the coming years, so there's plenty of opportunity out there. Personally, I'm just a little concerned at the immediate ripple effect when Labor do ann their 'official' revised policies after the Nat conference. I suppose we'll find out soon. Who knows, maybe the end result will be that Labor tell the states they are to allow mining??hmm true. This is still my spec play for Australia. I dont usually go for Australian uranium plays but I decided to have one for longer term prospects. Out of all the grass root explorers I think this one has potential.
Yes, might be true, but that's not to say the speccies in WA and QLD will not do well if they find a significant resource, as you would probably agree. There's still money to made all over the country at the moment. As I said, leaders will change, Libs may even get in in the coming years, so there's plenty of opportunity out there. Personally, I'm just a little concerned at the immediate ripple effect when Labor do ann their 'official' revised policies after the Nat conference. I suppose we'll find out soon. Who knows, maybe the end result will be that Labor tell the states they are to allow mining??
Yes, they can, but Rudd has stated he will leave it up to the States. I'll have to find that somewhere else for you. Doesn't mean he will get his own way at the conference of course, as I said above, but he's a golden child at the moment, and if the Nat Committee cross him it won't be good party solidarity.Kennas.
If Labour will federal election later this year (a good chance), they can impose uranium mining and State governments have to implement this in their policies.
And Keven Rudd supports U mining, so i suspect its later on in the year that we will see the potential for a significant re-rating of those uranium stocks especially in WA and QLD.
Yes, might be true, but that's not to say the speccies in WA and QLD will not do well if they find a significant resource, as you would probably agree. There's still money to made all over the country at the moment. As I said, leaders will change, Libs may even get in in the coming years, so there's plenty of opportunity out there. Personally, I'm just a little concerned at the immediate ripple effect when Labor do ann their 'official' revised policies after the Nat conference. I suppose we'll find out soon. Who knows, maybe the end result will be that Labor tell the states they are to allow mining??
news.com.au said:U-turn on uranium policy
Steven Wardill and Melanie Christiansen
April 02, 2007 12:00am
QUEENSLAND'S brief flirtation with uranium mining is over.
Federal Opposition Leader Kevin Rudd said yesterday he would not force state governments to open uranium mines.
Mr Rudd's comments come ahead of this month's Labor's national conference where he is expected to change Labor's no new mines policy.
It also came as Prime Minister John Howard prepared for a trip today to the world's largest uranium deposit at Olympic Dam, 560km north of Adelaide, for a private briefing from BHP Billiton executives on their plans to more than double its production.
Premier Peter Beattie has insisted he would have to follow a conference resolution for more uranium mines, but he would maintain the current policy of no new mines if he could.
Mr Rudd said yesterday he would only deal with federal responsibilities at the conference and not interfere with state rights.
"Our challenge at national conference is to deal with the existing prohibition when it comes to export licences for uranium," he said.
"When it comes to local land use decisions as it affects the entire resource industry, they will remain within the purview of state governments."
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