Pommy - Beattie will take the jobs and the cash that come with U...

Pommy -
Beattie will take the jobs and the cash that come with U mining. He made a political play to force the 'strong' coal unions into a position by getting a report that says U mining will not adversely affect coal mining in Q.

He is a shrewd dude. Very politically savvy.

He will prevail on the side of success ......... and success will not be to do nothing and get nothing.

You're saying you're looking at a fair entry point for risk versus reward prior to ALP conference. I suggest you saw it yesterday!

Today's action starts to alert smart money that Q is over the line with U mining.

Sure, there is a little risk here. You're looking at a retrace to $5.20 - about 10% .... against an upside of 20% IMO.

I have stated this story before but it's a cracker and worth telling again ..........
when I was considering buying an investment property a few years ago I was procrastinating. I asked a smart mate who knew how to make money out of nothing. He told me "you can't make money out of real estate if you don't own any!" I bought - I prospered.

I suggest you think about it seriously. If the risk is too great for your investment profile - no sweat - go buy BKN - it's been a beautiful INVESTMENT with very low risk. (not advice - just suggestion!)

This is the speccie end of my portfolio and that is where I am making most of my money currently so BRING IT ON! I say!

cheers