Resource Sector Strategy – Weekly Investment Report Issues
John Robertson
PortfolioDirect
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)
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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.
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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...
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