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Labor to abolish Uranium Mines Policy: http://www.mudgee.yourguide.com.au/...ews&subclass=general&story_id=578657&category
The Age said:PM flicks switch to nuclear
Katharine Murphy, Sydney
April 28, 2007
PRIME MINISTER John Howard will today fire a political rocket into the ALP's national conference by announcing a detailed plan to introduce nuclear power to Australia.
Mr Howard will reveal plans to axe federal bans on nuclear activities and remove unnecessary constraints to new uranium mines, while investing in the skills of a new nuclear workforce.
Mr Howard will commit his government to a global research project investing in the next generation of nuclear reactors. He will also ask officials to develop work plans setting out a road map for the nuclear industry.....
Well, perhaps if Labor change their policy it won't matter anyway. The PM looks set to take the states decision powers away:
Nice cartoon:
That is a deduction taken straight out of the article. It's my understanding that the Fed Govt has always had the right to take over the States decisions on mining. They just have to pass it as Fed legislation, and if they control the lower and upper house then they can do what they like.Kennas, where exactly did you get this point from:
The PM looks set to take the states decision powers away
Coz this would be very significant and result in a massive re-rating of non-SA/NT U companies.
"I think we got up in the end by just 10 or 15 votes out of many hundreds of delegates."
Before the vote, Mr Garrett made a passionate plea to his colleagues not to support the policy, but did not secure enough support.
Mr Rudd said the environment spokesman would now move on.
"Any political party ... contains within it a whole range of views which we formalise through democratic processes at conferences like this one here," the Labor Leader said.
"And guess what? Not everyone always gets their own way - I don't get my way on everything - I understand that.
"Therefore it is our job, however, to take our unified message out to the Australian people."
Mr Rudd said Mr Garrett would now move on, promoting Labor's climate change policies including uranium mining.
"What I really appreciate about Peter however is that he's prepared to be a team player," Mr Rudd said.
Mr Rudd said the Labor Party's decision on uranium mining recognised the importance of Australia's resources to the rest of the world.
"We've just got to recognise the reality that we are a significant exporter of uranium to the rest of the world and we have the world's largest uranium resources and we think that our conference policy reflects that continuing reality," he said.
"We see this as a step forward for other economies which don't have the same rich array of energy options that Australia has."
Mr Rudd said uranium mining had been a sensitive issue within the Labor Party for a long time, but it was time for a change.
But he said Labor's approach to uranium and opposition to nuclear power was more appropriate than the current federal government's stance.
Prime Minister John Howard on Saturday flagged the government's intention to remove all unnecessary restrictions on mining, processing and exporting uranium, opening the way for domestic nuclear power generation.
"The whole question of Mr Howard's 25 nuclear reactors coming to an electorate near you, I think, just flies in the face of Australia's current energy policy reality," Mr Rudd said.
"I mean this is a country with vast energy resources."
Mr Rudd said there needed to be more investment in renewables such as solar power, wind and geothermal energies to fight climate change, as well as clean coal.
"What Mr Howard is doing with his 25 nuclear reactor program among other things is hauling up the white flag on the future of Australia's coal exports."
But, he said a real step forward on climate change is unlikely with the current government.
"How can a government so full of climate change sceptics ever credibly be part of Australia's climate change solution?"
Watch the U stocks tommorow especially AGS, now that Labour has given the green light for more that 3 mines policy
Extract from Nine MSN:
Yep, looks pricey doesn't it. I'm unconvinced that Arkaroola is worth this, but Mr Market thinks so. I'm holding until it breaks down on TA.I hold AGS...but at the current SP/Market Cap...I would like to see some big profits.
On that note does anyone have a link to AGS' P&L?
Yep, looks pricey doesn't it. I'm unconvinced that Arkaroola is worth this, but Mr Market thinks so. I'm holding until it breaks down on TA.
For P&L you should try their web site Pommie:
http://www.allianceresources.com.au/
Last cash flow and activity reports are there.
I'm pretty new at this too, but from my reading of the chart, a cup and handle has formed and if the break though $2.50 (and the lip of the cup) is confirmed, then there is a price target of $3.40 ish. Obviously, this is just a probable projection, and is no sure thing. What will definately hold it back will be a the extended market cap on a possible 25% of B4M and anything else at Arkaroola. Well done those people that spotted this at 15 cents!As I have no TA skills...I will have to rely on gut feeling.
PG
Ang, what's your strategy if it does not make $3.00, which is a strong possibility. It's market cap may be well too overextended then depending on what results they produce. Shouldn't you have a trailing stop from the moment you buy in. For eg, if it does hold over $2.60, then what is your out strategy at that moment. Stop at your buy in price, or do you set an initial stop 10% below?I agree, I also hold AGS and will be looking at accumulating tommorow if it breaks $2.60. This is a solid weekly formation of a Darvas box. I will then follow this with a trailing stop loss once it hits $3.
It would be a typical Nicolas Darvas trade where in the early 1900 he was buying the tech type stocks that were a rage back then, he actually made more money trading stocks with higher value.
Kindreg
ang
Can someone post Warwick Grigor has 23 companies?
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