Angus MacMillan
Angus MacMillan
aware cage cent environmental far feed per salmon shrimp stocking volume
We've long been aware of the environmental responsibilities you've got when you're in this kind of business. We only feed the salmon shrimp meal, and as far as stocking density's concerned, only one per cent of the volume of the cage is fish.
again buy copper looking market perfect reason strikes
The market was looking for a reason to buy copper again and the strikes were a perfect excuse.
continues falling market perspective stocks supply supported
The market continues to be supported from a fundamental perspective by a combination of falling stocks and supply disruptions.
ashore cheaply contribute costs electricity fish food global huge increase mean natural open people produce pump round sea simply speaking strictly tank using water
That would mean using a lot of electricity to pump sea water ashore and round the tank system. That would probably contribute to global warming. The fish would not strictly speaking be in its natural environment, because it would not be in the open sea. People want to produce food cheaply and this would simply increase costs by a huge amount.
moment seat taking
Fundamentals are just taking a back seat at the moment (to funds).
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.
attention funds nobody paying
Nobody is paying attention to any fundamental news. The funds are still piling in.
mine near nowhere production start
Mine production is nowhere near what we thought it would be at the start of the year.
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.
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.
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.
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.