Uranium mining at Wilgar is dependent on a change of heart by Campbell Newman who has stated his intention not to allow it. However, if he changes his mind, the best time to act is early in the electoral cycle giving voters plenty of time to get used to it .
To not have Queensland receive what other states benefit from is short sighted. The current Queensland Labor government are at odds with their Federal counterparts in this regard. Let us hope common sense prevails but there is not much of it around these days.
The Chinese are still building nuclear power stations so there is a demand for it. I would not anticipate it got a mention in the offtake agreement with Oceanwide so Wayne could sell on the spot market.
Wilgar will be profitable without it. I wonder how far off the plant is from delivery and installation. ---------------------------------------I believe there will be some very embarrassed journos and very happy shareholders when the first production starts.
CDU Price at posting:
$3.42 Sentiment: LT Buy Disclosure: Held
