PortfolioDirect Rating Reports
PortfolioDirect rating updates have been published recently for Orocobre (ORE:AU), Danakali (DNK:AU) and Australian Vanadium (AVL:AU). Each of these companies is out of the mining mainstream insofar as they are seeking to develop assets that do not rely directly on Chinese or global economic growth. Orocobre and Australian Vanadium are tapping into changes in battery storage technologies. Danakali is looking to supply fertiliser raw materials for the global agriculture industry. Danakali and Australian Vanadium are in the late stage of Phase I, the riskiest part of the industry development cycle. The Orocobre rating has been downgraded because missed production targets have had a detrimental impact on valuation, the key determinant of a rating for a Phase II company in the PortfolioDirect framework. (VIEW LINK)
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