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Comments on this blog should never be taken as investment advice


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. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumWill Australian Uranium Explorers survive the Greens' balance of power

  • Australia has around 40% of the world's uranium proven resources.

    However with the Greens about to take the balance of power in the Senate and the finely balanced Lower House it would be a brave investor that chose to invest in one of Australia's uranium explorers. The current producers in Australia are OK but the recent banning of the advanced exploration at the Angela Pamela deposit (Cameco-Paladin JV) near Alice Springs should send a collective shudder through the exploration sector operating on Australian deposits.

    It will be interesting to see whether the ASX listed overseas uranium explorers will benefit.

    My guess is that we will see a fairly rapid shift out of Australia and into Nambia et al. In particular the ASX listed Namibian plays such as EXT (about to become one of the world's largest miners) will see hefty gains as the penny drops.

  • A shudder is probably going through investors in the rare earth sector as most of Australia's proven (JORC) REE deposits have substantial uranium credits.

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