Putting together a resources wish list
Romano Sala Tenna is based in Perth and has a good insight into the sentiment and levels of activity in the junior resources sector. Despite a the challenging outlook for resources he believes there is another level of pessimism still to come for WA based resources companies. He also says due to the lack of investment in new exploration over the past 3 - 4 years the supply response when commodity prices do recover will be quite slow. Against this backdrop Romano says now is the time to be doing due dilligence on the resources companies that you would like to own when a stabilising of prices eventually does occur. In this video he talks through a number of companies that are making it onto his wish list.
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2 stocks mentioned