Northern Star Resources has a Rating 2 (on a 1-5 scale) from PortfolioDirect
John Robertson
PortfolioDirect
Northern Star Resources has a Rating 2 (on a 1-5 scale) from PortfolioDirect. It reported quarterly results today. It is being positioned as a scaled up producer to attract North American investors. How many times have I heard American investors say we would love to invest if only you were bigger? More often than not this is simply a polite way of saying no. In reality, Northern Star is overpriced and lacking the necessary positive value momentum to underpin future share price rises. Will size overcome these shortcomings? Not indefinitely. The onus should be on companies to prove they can add value by beating the bullion benchmark. Not many existing producers with aging mines can and Northern Star has just gone out and bought all the old mines it can lay its hands on.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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