The AFR Smartinvestor headline yesterday said Atrum shares set to rocket
John Robertson
PortfolioDirect
The AFR Smartinvestor headline yesterday said Atrum shares set to rocket. The article said Atrum's prefeasibility study on its Groundhog anthracite mine in Canada is simply outstanding. The journalist who had earlier spoken to the Atrum Coal MD bravely predicted that when the company emerges from a trading halt its shares will surge. What a disappointment, then, when the price has gone up only 1.4%. Why the difference between expectation and reality? Firstly, see my recent Mining Journal column on misuse of discount rates ((VIEW LINK). Secondly, the study came up with a plethora of numbers but no material change to the proposed development or its costs. The result, not surprisingly, was no material change in the share price.
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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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