Not so quick straussy. They are far from a non-event.
It looks like Labor will win, however, to do so they will most probably need Green preferences (the old alliance here in the West).
The Greens will play very hard ball on Uranium.
They will almost certainly attempt to re-introduce the ban, like they had before 2008. It's likely it won't succeed, but they may know that right from the start, and it won't be the point, especially if they can introduce delays and reviews that extend into many years in order to achieve the same effect. This will almost certainly happen, it will be like a uranium filibuster.
The Labor (left)/Green anti-uranium lobby have re-started their regular meetings in the last 6 months, and are gearing up. You can talk with some of them at Party meetings.
The Labor leader McGowan, has said;
"... Mr McGowan said WA Labor was not comfortable with the practice, but approvals already granted would stand if the party was successful in March..."
Not comfortable with the practice should give you an indication as to what is happening in the party room right now.
I will personally wait to see the result of the WA election on March 11 before buying into any WA Uranium companies, it's the prudent thing to do.
If Labor wins then I will buy international uranium stock, and nothing in WA. But of course, I may be wrong in this, and often am.
Personally, I'm hoping for a Liberal win, because I want to see these uranium companies get some clean air, and be developed. If the Liberals win then I buy stock here on Monday March 13.
Gw
VMY Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
