Instead if the Govt enacting the legislation which enables them to declare that mining can proceed, they preferred for political reasons to keep threatening, while watching the opposition disintegrate, bit by bit.
Now Beattie is doing a study to see if export of Uranium will be bad for export of coal (It is'nt because most is used overseas for making steel). The Coal industry is supporting mining of Uranium anyway.
The Greenies have painted themselves in the corner, by suggesting that treatment of nuclear waste will be a problem but forgot to mention that Australia won't have nuclear power stations for some time. (Export does'nt create nuclear waste).
They forgot that China could have got their U from Canada instead of Australia but most don't take these commercial considerations into account.
Meanwhile I have increased my investment in SMM.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
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