penny stock thought on was, page-5

Whilst WAS has its core projects, I'm accumulating for the eventual u spin-off. May have to wait a while but there doesn't seem much downside at these prices.

Patience will be rewarded as uranium is still only in its infancy. If ever you needed any proof of this then look no further than PDN's t/o bid for SMM. They are willing to get their hands on a promising project that currently cant be mined.

That speaks very loudly as to what their view of the future of u mining in Australia is. Whether the Labor party endorses mining or not probably wont matter as the Coalition may yet over ride State policies after the next election anyway (if they are re-elected), the same as they did with the IR laws.

A precedent has been set and Howard will not hesitate to use all means at his disposal once he has secured another term in office.

If you can afford to buy and sit for a while then I believe there is good profits to be made from the likes of WAS, CUL, LMG etc as they all have other projects they can work on while looking to the future with their uranium assets.

This is just my opinion and I could be totally wrong