Mark Pervan Quotations

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.

We're now starting to see that demand is steadily improving. There's going to be stronger demand for heating oil and crude futures are starting to reflect that.

It had a pretty strong run, so the market is taking profits.

Other than that, it was a solid report with no real surprises.

Supply growth is not there, and the players in the market aren't investing in new supply.

We won't see much selling before the report comes out, as the sentiment is that there could be a larger drop than expected.

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.

There is probably a little bit of caution - we could see some profit taking - these prices look pretty heady.

But since U.S. gasoline supply is actually ample, I'm not surprised there's been a bit of profit taking today.

There's huge demand. These users are realizing that with such high raw material prices, it makes sense to own some of these assets.

This is still a pretty good outcome. The price settlement for lower quality coking coal was better than expected.

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.

This company pretty much operated at full tilt in the last quarter.

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.

There's a heightened level of funds coming into the metals in the second quarter.

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.

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.

This is clearly just posturing, and a helping hand by the Chinese Government to the Chinese Steel Mills, who clearly have their backs against the wall to try and keep contract prices from rising in 2006.

The market, again, has been completely surprised on the upside - it completely underestimated the strength of the market.

The Iran situation is not going to go away so I see buyers coming in at the dip.

The increase in gasoline supplies could partly be just the release of U.S. strategic reserves being accounted for now.

The drop in crude oil was larger than expected, and that fueled buying.

The capital management was certainly on the cards, but the market wasn't expecting such a generous offer.

The Chinese are trying to put a line in the sand, and they appear to be a lot more aggressive. But what will determine prices won't be talk, but physical supply and demand, and demand is still very strong.

The market would be positioning ahead of that deadline.

The market is still very cautious about the damage caused by Hurricane Rita, and they're just digesting new information filtering in about damage to oil rigs in the Gulf of Mexico,

The market's been driven up on the concern that gasoline supply could fall leading to the heavy demand period of the summer driving season.

The market is closely watching out for the report as a way of seeing the progress that oil companies and refiners are making in getting their assets back online,

The market is becoming less concerned about gasoline supplies in the US. It shows the US refineries are getting towards full capacity.