Resource Sector Strategy – Weekly Investment Report Issues

John Robertson


Cyclical conditions continue to worsen. The IMF has restated its slow growth (and implicitly anti-metals cycle) hypothesis as it has again downgraded expected growth outcomes. Also this week: iron ore prices and the Australian dollar and why gold is not needed. The macro driven portfolio model continues to run ahead of the benchmark with a higher cash allocation than at any time since the inception of the model. Kasbah Resources (KAS:AU) was removed from the model. The PortfolioDirect rating for Aurelia Metals (AMI:AU) has been suspended following a dispute with its major funder and a shortfall in operational outcomes at its Hera copper mine. Real Energy Corporation (RLE:AU) has been given an initial rating of '3+' on the five point rating scale. The company offers relatively low risk exposure to relatively high quality oil and gas prospects in the Cooper Basin. The PortfolioDirect report is available here (VIEW LINK)


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...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.