Greg Canavan Quotations

When farmers own 70 per cent of the company, a government decision that reduces their income is not going to go down too well.

Should they lose all that in the absence of finding another market for that wheat, you'd expect earnings to be impacted.

Within the next few years we believe the gold price will surpass the all-time high of $US850 an ounce.

Most of the rise in 2005 was in the final quarter of last year, where the gold price hit 17-year highs. We think it might get to $US650 this year.

We would not be surprised if gold advanced beyond $600 a ounce during 2006.

You've got U.S. senators involved, you've got questions about how much the Australian government knew, and I think when it gets to those sorts of levels it spooks investors quite a bit.

It's a confluence of events, all these things are coming together to create further concern in the market. We'd expect oil to continue to rise and breach the old high of $70.85 over the next quarter.

It's becoming a broader story than first thought.