After the last week of hype surrounding uranium in NT being allowed under a federal gov ruling it's interesting to note that most of the uranium explorer's in Aust are either in WA or QLD where Fed gov has no control and mining is not allowed or the resource if in the NT are not large enough or of low grades or both. I believe once this information is widely known that the spec stocks that have been running recently will retrace and companies like BHP who now are in total control of the largest uranium mine in the word will launch into the stratosphere. One spec stock, PNN looks likely to be traded keenly as it's in SA and has received gov money to help with drilling and the SA gov actually allows uranium mining. Another company, OXR might even stumble on something at Prominent Hill in SA.
JMO and I hope everyone makes a few bucks on the u stocks next week.
B
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