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Tis the time to bargain hunt

So we’ve been busy. Working. Building. Dealing with immense toothache – why is it the pain stops after one makes the dreaded appointment? Blogging out at Blogshares (which is partially work-related as we survey the machinations and constructions of the blogiverse in all its manifestations). We must have checked out a couple of thousand or more . . . → Read More: Tis the time to bargain hunt

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The Emptiness of Non-Political Being

Right hand manCountless times during our long and profitable investment career, our political judgment has been invaluable in helping us make accurate market predictions, enabling us to pick trends well before they are common knowledge and every man and his dog is on the gravy train. A current example is the certainty we had that the ALP conference would lift the no new mines ban yet not back nuclear power stations. We lined up our U investments accordingly, choosing only shares with interests in South Australia, the Northern Territory and overseas. Our knowledge of the loosening of political control in China and subsequent market relaxation encouraged us to lash out with our investment in OCO, now paying off. Likewise with that goldie of goldies, LRL and the enticing LYC.

Without a political perspective refined and polished in debate with others, one flies in a fog.

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Stockmarket CornUcopia Week

Another lovely day chained to the computer, reading through a staggering plethora of quarterly reports as they hit the bourse and watching for the market response we predicted to the ALP’s loosening of the reins on U mining.

SNU begins a rally up to 42c and then is squeezed back down to close at its opening . . . → Read More: Stockmarket CornUcopia Week

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All Systems Go for U

As we forecast, Kevvie won the day by a handful of votes to allow U mining in states that want to permit it, while maintaining a ban on nuclear power stations. Perfect for us and our SA and NT U investments, and not so pleasant for all those holding shares with U interests in any other . . . → Read More: All Systems Go for U

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U little ripper

The numbers have lined up for Kevvie to remove the Labor no new mines policy at the National ALP Conference this weekend. A rodent wedgie over the issue seems unlikely now – the prime miniature will have to focus on bribing families in the budget and attacking Labor’s IR and economic policies.

Led by Anthony Albanese, the . . . → Read More: U little ripper

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Kevvie, U and I

This is the week Kevvie’s fortunes will be decided. If he can’t swing the National Conference in favour of whacking the no new mines policy, the rodent will be in like Flynn with a walloping wedgie. While Garrett and Albanese continue to fight the good, if completely misguided, fight, Kevvie is confident.

Why aren’t these well-meaning twits . . . → Read More: Kevvie, U and I

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Where do U reckon?

Definitely in South Australia, the Saudia of uranium.

Anticipation of change in ALP uranium policy grips the investors of the nation today as SA Premier Rann signals he will be pushing hard at the National ALP Conference next week to liberalise U mining, whilst opposing the use of nuclear power in SA.

Mr Rann will fly to Melbourne . . . → Read More: Where do U reckon?

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Day of the Traffords

Ruddock’s new lawsWe borrowed the terrific post title above which was conjured up by one of the ingenius HotCopper denizens, no-ball, for Trafford Resources’ meteoric rise on Tuesday. As one would expect, this promising ASX star came off the boil a little yesterday and may remain stable or lower for a Friday 13th trading. Still to come are its uranium results which will really set the cat amongst the pigeons if they are significant, and the proving up of its superior high grade magnetite, which will do wondrous things for it as well. Add the interest from Chinese investors and then consider its lovely rich gold seams – 36m @ 5.71g/t and 32m @ 3.44g/t are not to be sneezed at.

Managing Director Ian Finch was ‘adamant’ in his November 06 Resource Stocks interview that

“the company is progressively closer to finding what he’s repeatedly told the market has always been there – an open pit similar in proportions to Roxby Downs, the largest uranium project in the Southern Hemisphere.”

The glory of the booming bourse continued unabated – yesterday was the Day of Thunder as THX revved up at last. A foreign insto, Evolution, has sniffed out its uranium, and has now been revealed to have been accumulating assiduously since January, culminating in a substantial shareholder notice which set the share alight. Since we’ve brooded on these for a while trusting our fundamental analyses and fey Scottish instincts, we’re pleased to be vindicated. It may even keep going up today without a correction, as there’s plenty of buying interest. On the other hand, as monstrous amounts of foreign cash gushes in to jump on the shameless rodent’s CGT-free merry-go-round, if there is enough interest, the price may fall due to heavy manipulations.

We’re now wondering whether a similar sneaky accumulation isn’t happening with INL. Since December, someone/s has been smashing it down every time it looks like poking its head up. Some folks think it’s a pathetic trader/s going for miserable half cent daily gains, yet we think it might be a similar style of accumulation to THX’s – surreptitious and ultimately rewarding. Why go for such a puny daily gain when there are much surer prospects around, like WMT, BLR, TRF, NTU or AVX, if one wanted a quick, far more decent profit? We’ll hold tight. There must be a lot at stake if that someone/s thinks it worthwhile enough to continue doggedly with their dastardly daily game – if our suspicions are on the ball, that is.

With an estimated $45b to flow back into the market after Coles, Rinkers and who knows what other private equity takeovers, hedging snaffles, grabs and nibbles, the market appears destined to continue its upward surge. Insto cornucopia! Costello wants another useless surplus to look dandy for the election whilst for the average Whorestralian, non-WorkChoiced prices continue upward, WorkChoiced wages stagnate, nonWorkChoiced company executive salaries gambol toward the heavens, WorkChoiced job growth is deceptively high and non-WorkChoiced unemployment equally deceptively low.

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