re: chinese pulling out, page-8

re: chinese aint pulling out Why would instos holding 22 mill shares be selling 10K lots in a thin market do u think? Only way they will get out is to sell their stock to our local instos looking for yield at 10-30 bucks later. If anything u would think they would be picking up the slack bits coming out. But probably they are just sleeping in their beds atm letting the traders speculate ahead of the next re-rating. Fascinating aint it. Thats what free markets are made of. Can drive u nuts if u try to figure out the minute by minute. IMBOOC


Bit of topical speak from an ex Greenie btw


Moore to say on nuclear debate

Michael Vaughan
Thursday, June 08, 2006

THE Australian mining industry needs to take a more proactive approach to shaping public opinion on nuclear power and uranium mining to substitute sensationalist anti-nuclear propaganda with facts, according to one of the co-founders of Greenpeace.



Greenpeace co-founder Dr Patrick Moore, nuclear energy advocate

Speaking at the Association of Mining and Exploration Companies (AMEC) National Congress in Perth today, Dr Patrick Moore told the mining industry it has to get its pro-uranium mining message to the public supported by science, logic and real statistics.

"The only way to get it to the people is to campaign and that means the (mining) industry has to spend some money on … truthful communication, that is what has to happen," Moore said.

"Everyone that's working in the mining industry has to understand all the environmental issues, whether they're working at a desk or they're working in the field … or sales or marketing, wherever they are, they should understand how to defend the industry from environmental and social terms.

"At the same time, the industry has to have programs to get into the mass media.

"Whereas the activists and anti-nuclear campaigners get it for free, industry has to pay for it and it costs a lot of money but anybody who is in retail knows how much money it costs for sales and marketing,

"Even though the … minerals sector as a primary resource industry has a wholesale mentality that they're not in retail, they've got a retail problem because the average person in the street watching TV, reading the paper and listening to the radio is developing their opinion based on the sensation and the scare tactics.

"It's your job to counter that and the only way to do that is to hire people with a retail mentality because you don't have it within your own system because that's not your job," he said.

Moore said he believed Australia has a massive opportunity to take advantage of the rapidly growing international nuclear power industry with its 40% share of the world's uranium reserves.

He described Australia's no new mines policy as "odd" and pointed out with the price of uranium likely to continue its journey upwards, Australia was forgoing substantial economic benefits.

Moore's views on nuclear energy and uranium mining are particularly noteworthy because as a founding member of Greenpeace, he once led the charge against the nuclear industry, particularly nuclear weapons.

He described Prime Minister John Howard's strategy of moving the nuclear debate to the forefront of the national agenda as timely and believes the adoption of nuclear power in Australia would result in a much-needed reduction in the country's carbon dioxide emissions.

Moore earned his PhD working on seabed tailings disposal at BHP Billiton's copper mine on Northern Vancouver Island in Canada about 30 years ago. Since that time he believes the industry's commitment to the environment has demonstrably increased to a level it can be proud of, though not complacent.

"I have seen a revolution in the mining industry," Moore said.

"I've seen the resources industry evolve over the 30-plus years I've been involved in environmentalism and I believe that people in the industry, government and the general public are taking up the concept of sustainable development and putting it into practice in the real world."