portfolio

John Robertson

Strategists are constantly searching for high correlation relationships to guide investment decisions but the accompanying chart showing a zero correlation should guide the portfolio construction decisions of all resource sector investors. It shows the correlation in return rankings across all ASX-listed resources stocks in successive years. Cross-year correlations are typically... Show More

John Robertson

The PortfolioDirect resources equity model finished January ahead of the ASX 200 Resources benchmark for the ninth consecutive month and for all but three months out of the past 24.The benchmark did run slightly ahead of the PortfolioDirect macro model in the past week. Phase II companies lost ground against... Show More

John Robertson

Rising copper metal inventories over the next several years, contrary to most recent expectations, would mean persistent downward pressure on prices. This is a realistic scenario against the backdrop of downgraded global growth forecasts . The PortfolioDirect investment report this week discusses the sensitivity of copper demand to changes in... Show More

John Robertson

A PortfolioDirect rating update for Excelsior Gold (EXG:AU) was completed recently. There was a time when the quality of a mining project was judged by how much capital its development required. Not now. Excelsior Gold has escaped the capital market burden confronting many other gold producers by striking a deal... Show More

John Robertson

Rating reviews for Blackham Resources (BLK:AU), Red 5 (RED:AU) and 88 Energy (88E:AU) have been completed recently. Coincidentally, all three are clawing their way back from investment histories which have required them to rehabilitate their investment presence. All have some way to go but have grounds for optimism about their... Show More

John Robertson

Kidman Resources (KDR:AU) and Sumatra Copper and Gold (SUM:AU) have both produced their first gold recently. They now both run modest sized operations reflecting pressures on the industry to start small and grow from internally generated cash. Both show evidence of being able to expand their resource base to add... Show More