Angus MacMillan
Angus MacMillan
attention funds nobody paying
Nobody is paying attention to any fundamental news. The funds are still piling in.
business colleagues fund months number recent seen type
In recent months we have seen a whole different type of fund come in. Myself and a number of my colleagues who have been in this business for years have never seen anything like this.
funds list lost signs
There are no signs that funds have lost appetite. As long as you have a list of problems, funds will keep piling in.
fund influence metals none today
The fundamentals have become superfluous. None of the metals would be where they are today without the influence of fund buying.
bad bred breeding business caught damaged depends escaped evidence executive fact farms figures fish gene happened higher incidents interferes january keeping last numbers published salmon scientific thousands unlikely weather wild
There is no scientific evidence that escaped farmed salmon interferes with the wild salmon gene pool. Wild salmon have been breeding for thousands of years and have survived. Farmed salmon have been bred for 30 years and it is unlikely that they are going to overpower the wild salmon gene pool. We are not in business to let salmon escape; our business depends on keeping them in the cages. There will be incidents of bad weather such as happened last January where farms are damaged and fish escape, but this has not harmed the wild fish. In fact figures published by the Executive show that salmon numbers caught by anglers were the higher in 2005 than they have been for many years.
top wind
I wouldn't want to put a top on it at the moment. It has still got a lot of wind in its sales.
mine near nowhere production start
Mine production is nowhere near what we thought it would be at the start of the year.
beginning early whether
It is too early to say whether this is the end of the beginning or the beginning of the end.
absorb catch dispose dissolved harvest nutrients reaches seaweed system tested waste
They're suspended on a system of ropes, so catch the waste before it reaches the seabed. As we harvest them, they're tested to see how much of the waste nutrients they're absorbing. The seaweed is there to absorb dissolved nutrients and the shellfish to dispose of particles.
copper demand falling good loss mean near picks potential prices reasons resulted series stocks supply time
There are good fundamental reasons that mean copper prices won't come down in the near term. A series of potential supply disruptions have not resulted in the loss of much metal, but with stocks falling at a time when demand usually picks up, no one will (sell) it.
nerve require sell short supportive
It is going to require a lot of nerve to sell short in this market. The fundamentals are supportive and inventories are falling.
flowing hard money
It is hard to say where we go from here, but this (fund) money will keep flowing in.
adds further market pressure production reduced
Reduced production in Zambia adds further pressure under a market already bubbling.
moment seat taking
Fundamentals are just taking a back seat at the moment (to funds).