Smith backs Julia Gillard re Uranium for India


Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.

It is likely significant that “Government frontbencher Stephen Smith has defended Prime Minister Julia Gillard for not consulting with cabinet before announcing her plans to overturn a ban on uranium sales to India.” (read full article) as Stephen Smith is being actively touted as being Gillard’s replacement if there is to be a change in the Labor party’s leadership.

Those of us that still are invested in the sector should take some comfort from Smith’s comments. However several of the state Labor party leaders have divergent views and with a “green” senate it looks unlikely that we will see new uranium mines inside Australia’s borders in the near future.

Hence our overseas ASX listed uranium plays probably still offer the best chances.

I hold AEE, EXT and GGG. Click on them to see why.

Leave a Reply

Your email address will not be published. Required fields are marked *