re: post 1: govt tactics to implode the opposition Post 2 will...

re: post 1: govt tactics to implode the opposition Post 2 will deal with valuation. All the needed material was collected previously.

Howard had 2 ways to deal with the Uranium mining issue:

1. Using a legal recourse: this would have safeguarded the values of the Australian U mines immediately and would have never given PDN the opportunity to buy VUL at a cut rate price with a furher consequence that it is evident IMHO that Labor will reverse their stance in April, sharks will mount further takeovers and SMM may not be immune:

Subject re: updated presentations 1 and 2
Stock Code SMM - SUMMIT RESOURCES LIMITED
Posted 27/03/06 17:37
Posted by stolwyk
Post #975850 - 2008 reads
In Reply to msg #974433

From Study thread #1:
14 Sept, 2005: PRESENTATION-Mining Journal 20:20 Uranium Day (LONDON):
PRESENTATION (8.65 MB-Plenty of colour, 78 pages):
http://stocknessmonster.com/news-item?S=SMM&E=ASX&N=299203

There are some interesting important pages:
PAGE 48:
Assume SMM starts mining then, in the first 3 years, they are to produce 6 mill lbs Uranium with a Surplus of $A480 mill. and Export Revenue of $845 mill.(U=$US35/lb in the first 3 years, $US40/lb thereafter). Current U price: $US30.75.

Year 3-6: produce 9 mill lbs with a Surplus of $1.33 Bill and Export revenue of $1.78 Bill.

Note: this includes some income from VANADIUM.

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PAGES 60,61:

"NATIONAL INTEREST":

THE COMMONWEALTH HAS THE POWER TO OVERRIDE THE STATES AND GRANT ALL NECESSARY APPROVAL FOR A URANIUM MINE, WHERE:

1. Instances of States not acting in the "National Interest" occur.

2. Export Income and Contribution to Balance of Payments is significant (>$1 Bill) and is being blocked by the State.

3. Fed Govt is under obligation by way of Treaty, FTA or OTHER COMMITMENT to a foreign State or International Authority to allow the activity or Industry to proceed.

______________________________

Comment:

The Fed Govt is handling this delicate issue in stages:

Raising consciousness of the Australian public.

"Takeover" of the U operations in NT.

While all the time observing the political fallout, it could apply the "National Interest" clauses at some time, IMHO.


SMM has prepared this PRESENTATION to be shown to interested parties in the UK.

I can't predict the outcome of political manoeuvring in Aussie.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

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2. The Govt Using politics to promote its chances in the next election and implode the Labor Opposition because of contrasting positions within its ranks.
That was highly successful with some heavy weights taking over and Beazly being pushed to declare his attitude. I think that there will be little doubt that Labor will reverse its stance now with its leader organizing the debate. The danger is that marauding companies will see the possibility of taking over companies at a discount.

Howard meanwhile keeps stoken fires in the background to give the the fiery attitudes in the Labor ranks more impetus, sometimes introducing unnecessary items but still being successful.
However, it is not a statesman like approach because its puts existing Aussie U companies in danger of being taken over at a pittance before April.
Beazly will try to cement his position at an early stage so as to become the next Prime Minister.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.