Don Hamson
Don Hamson
chipping competition facing half position sell trying ugly
It's facing more and more competition each day and that's going to keep chipping away at profits. It's an ugly position to be in if you're trying to sell half the company.
exceeding expecting keeps market three
The thing is, the market keeps expecting it to set new highs. We have had two or three years of exceeding expectations, so you have to keep exceeding it more each year.
commodity contracts element fairly left locked prices remain resources safety stocks value
There's enough value left in resources stocks to remain optimistic. Commodity prices are locked in over fairly long-term contracts for many of them, so there's an element of safety too.
hit nearly quite represents
The index nearly hit 5000 this morning, but never quite made it. For some, it represents some kind of psychological barrier.
companies contracts degree earnings mining period rising translate
We're still in a period of rising commodities prices. Even if they started to soften, the big mining companies have still locked-in long-term contracts which translate into a degree of earnings certainty.