Laramide Resources: Where Next?
Sunday, June 10, 2007 at 4:01PM
Uranium Stocks in Uranium Mining Stocks
Laramide Chart 10jun07

It would appear that the uncertainty surrounding Queensland politics weighs heavy on this uranium explorer.

From the chart we can see that that Laramide has already fallen from around $16.00 to around $10.00, which is hard for any investor to stomach. We have to admit that we have underestimated the effect of the recent changes in Australian politics. The Labour party have recently voted to open Australia to uranium mining but the final decision is in the hands of the individual states. In Laramide's case we are talking about the state of Queensland where its Westmoreland Project is expected to become the companies flagship. The current Premier of Queensland relies to some extent on the support of the coal mining community and they could view uranium as a competitor. Can it be resolved and how long will it take to get a resolution is this question on everyone’s lips.

We must now watch closely as Laramide certainly looks to be oversold and any sign of a relaxation to the ban on uranium mining in Queensland could well be the ignition to spark this uranium stock back in to life.
Article originally appeared on Uranium Stocks (http://www.uranium-stocks.net/).
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