At the time of writing there were sharemarket contortions over the implications of the lust the Chinese have for Australian uranium, how Canberra was trumpeting its willingness and speculation the Australian Labor Party might relent on its rigid Three Mines Policy - the last political restriction that has muted Australia in the global market. One day in late March Perth's daily newspaper The West Australian ran a business page article warning the uranium market fever in Australia had gone overboard and one quoted commentator likened it to the dotcom era. The next day major newspapers were running headlines about the early April visit to Western Australia by Chinese Premier Wen Jiaboa (perhaps to sign agreements for the purchase of Australian uranium), which saw the momentary pause by investors on uranium stocks vanish and the price of many juniors lifted to new heights.
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