This just came into my inbox…
TO WHOM IT MAY CONCERN:
Many thanks to the Australian Labor Government for their idiotic stance on exporting uranium to India. It is Canada’s gain and Australia’s loss but India did not sign the Non Proliferation Treaty did they? But then what does that have to do with nuclear energy. Remember Canada gave them that technology 35 years ago under another left wing Liberal government to build nuclear bombs. Maybe someone in Oz should explain the difference between nuclear power and nuclear bombs to your government. We too have a labor party here in Canada but so far they have only ever elected between twenty or thirty seats in parliament. I don’t think they ever have a hope in hell of getting enough seats to form government because they have policies like your current left wing government. Someday when all of your uranium mines are owned by foreign companies someone might wake up but by then it will be too late.
Keep voting for those Labor governments we like that here in Canada!
Gary Kreitz
Edmonton Canada
Hello Gary,
thanks for the input. Sadly here in Australia we seem to get quite a lot of idiocy in Govt. Australia has around 1/3 of the world’s economic uranium resources but it is doubtful that we will see any large increase in the number of mines. This is due to a very strong “green” movement and party that will see lengthy protests and delays for new Australian projects.
Consequently I have shifted my uranium plays off-shore. I hold Aura Energy (ASX: AEE) who probably own the world’s cheapest defined uranium resource with advanced mineralogy and Greenland Energy and Minerals who own another of the world’s largest un-mined uranium resources plus the world’s largest rare earths deposit.
(I sold my EXT and that was a rare but much appreciated 10 bagger)