Friday, January 21, 2011

Australia not moved by India''s repeated pleas on Uranium...........

PTI – Thu, Jan 20 1:12 PM ISTNatasha Chaku

Melbourne, Jan 20 (PTI) Australia today refused to concede to India''s repeated requests for revoking a ban on Uranium sale to it, saying Canberra remains steadfast on its policy of not selling yellowcake to NPT non-signatories.
External Affairs Minister S M Krishna raised the issue of Uranium sale with Australia for a second day during his meeting with his Australian counterpart Kevin Rudd but the latter said his country''s stand remains unchanged.
He had yesterday taken up the issue with Australia''s Resource, Energy and Tourism Minister Martin Ferguson.
Rudd acknowledged India''s clean record on nuclear proliferation, but maintained it was Australia''s national policy to not sell Uranium to NPT non-signatories.
Rudd said "Australia fundamentally respects India''s long standing credentials on the non-proliferation question".
Addressing a joint press conference here along with the visiting Krishna, Rudd acknowledged that India has not been responsible for a single act of nuclear weapons proliferation anywhere in the world.
"Something which we place on record again as being our views of India''s public policy posture and operational behaviour for a very long period of time," he said.
Australia is unwilling to sell uranium to India because it has not signed the Nuclear Non-Proliferation Treaty.
Rudd said the issue, however, has not damaged ties between the countries.
"However, Australia''s stands on NPT remains. We continue to discuss these matters as friends do," he said emphasising on the strategic partnership that the two countries shared.
"There is a huge amount underway in the Australia- India relationship at the political, security and economic levels... There''s sufficient ballast in this relationship to deal with areas of periodic disagreement as there are in all relationships," he said.
Commenting on the issue, Krishna said he has pleaded with the Australian government to change the policy, stressing that nuclear energy as a clean energy source was crucial to the rising energy demands of India.
"If you have to have clean energy, then according to India the only option is to have nuclear energy, and if you have to have nuclear energy, then you certainly need uranium," he said.
On the question of the security of Indian students in Australia, Rudd gave his full assurance to his counterpart.
He said as the Foreign Minister he takes the issue of security of any guest including international students ''fundamentally and seriously''.
"I take the responsibility and that is our job," he said after holding the seventh ministerial dialogue with Krishna at a joint press conference here today. .
My Comments:
I have been quoting about the enriched Uranium for our civil use.We don't have any knowhow to enrich the Uranium which can be used for Civil Nuclear project.
What we have?Except IT and Pharma what we have?Nothing.......Corruption?Money in Swiss Bank?Billions and billions of dollar which can wipe off the whole budget deficit in one stroke?
Mr.Krishna pleaded to Austrailian counter part.......isn't that an paradox?
And let me write here that Pakistan will get all enriched Uranium from China for their civil nuclear project.Take my word, one will see that .......
I want to see Western countries pleading for something to India........


  1. Hi ,
    One another small query, do you belive in Value investing, i.e investing in a company which have good growth history in earnings, ok types balance sheet, but a terrible stock pricing history.

    Please have a look on Compact Disc India, which has a P/E around 0.91 and Growth rates between 30% y-o-y.
    Waiting for your comments..!

  2. Hi Bharath,
    Looks like you are totally new at my blog.
    My blog is for valueinvesting only....
    I have already recomended Compact Disc.See the archieves at my blog....

  3. Rajeev Sir,

    Commodity guru Jim Rogers predictions for next few decades are
    1)Oil prices will shootup beyond $147
    2)If u want to become richer in 21st century, own farm lands

    So investing in oil exploration and food growing companies makes sense.

    I am aware of two good corporate companies Hindustan Oil Exploration Company Ltd (for long term not delivered anything)and Jain Irrigation(huge stake by FII makes it risky).

    Can u suggest two smallcap companies in oil exploration and farming(or farm equipment) that can belong to long term portfolio?

  4. "Investing in agriculture today will be like investing in the oil sector in 2001-2002." Gloom Boom & Doom Report, May 2009

  5. ramesh,
    I had given Lesha Energy previously which is now Guj Natural Resources Ltd and I still like it in Oil and Gas space.
    Inter Link is also one small play but I like GNRL more.
    In farming sector as u asked, I have come upon a new stock named ACIL Cotton Ltd , 1 paidup but they are in Organic farming and have over 400 acres of land and will make it to 700-800 acres of land totally for lease farming to grow BT Cotton , Tuver etc.....I like the concept...

  6. Rajeev Sir,
    Thanks for your recommendations
    I will certainly look into Lesha enegry
    But in farming, I am looking for some food farm related company like rice wheat corn etc like KRBL, Lakshmi energy AND research like rallis AND farm equipment like vst tillers.

  7. Rajeev Sir,

    When new management takes over listed company with some fraud management and changes business & company's name,

    1)Why do they do like this?? Is it simple way of getting listed for new management to whom no one trust and hence very difficult for them to get listed although they want to do some serious business

    2)Is this space for great opportunities of multibagger(although equally risky: and hence research is must)

  8. Rajeev Sir,
    Too many Q.s but going through your old posts.
    You had recommended telecanor global at 35.
    1)It has given 40% return
    2)Promoter is IIM alumni
    3)in greate sector of "gateway payment"
    4)still small cos at 45 cr

    But u have not mentioned about it in any subsequent posts. Will u still recommend it for long term and think to be great mltibagger because I think at least "payment gateway business" is great opportunity