Mark Pervan
Mark Pervan
drop larger report selling sentiment
We won't see much selling before the report comes out, as the sentiment is that there could be a larger drop than expected.
crude drop fueled larger oil
The drop in crude oil was larger than expected, and that fueled buying.
high huge material raw realizing users
There's huge demand. These users are realizing that with such high raw material prices, it makes sense to own some of these assets.
alone approval benefit defining expect government guys juniors mine months passed point product six view
From a short-term point of view I don't expect any of these juniors to benefit. It's going to take six to 12 months to get legislation passed to get these guys up and running, and then they have to get government approval to actually mine the stuff. It could take many, many years for them to get their product to the market, let alone first defining what they've got.
bit caution prices profit taking
There is probably a little bit of caution - we could see some profit taking - these prices look pretty heady.
ahead bit crude healthy looking morning oil since situation stocks
We're looking at a bit of profit-taking this morning ahead of the U.S. crude oil stocks report. The market's probably got a little ahead of itself, since the U.S. crude situation is very healthy at the moment.
bit gasoline profit since supply surprised taking
But since U.S. gasoline supply is actually ample, I'm not surprised there's been a bit of profit taking today.
fact good likely lower moving price share
It was a good outcome. The share price is probably likely to keep moving upward, so the fact that they were able to get more away at a lower price is probably a good thing.
market money strong wants
It's had such a strong run. There's a lot of short-term money in the market that probably wants to take a profit, like hedge funds.
conditions current deliver good held hostage market operating results tough
They've been held hostage to pretty tough operating conditions. You want to be able to deliver good results into current market conditions but they haven't been able to do that.
coming funds level metals second
There's a heightened level of funds coming into the metals in the second quarter.
coal good lower price quality
This is still a pretty good outcome. The price settlement for lower quality coking coal was better than expected.
coal good iron lend lower outcome price quality support
This is still a pretty good outcome and would lend support to iron ore pricing. The price settlement for lower quality coking coal was better than expected.
company full last operated tilt
This company pretty much operated at full tilt in the last quarter.