The latest PortfolioDirect stock rating reviews cover Mutiny Gold, Valence Industries, Hodges Resources and Venus Metals Corporation

John Robertson

PortfolioDirect

The latest PortfolioDirect stock rating reviews cover Mutiny Gold, Valence Industries, Hodges Resources and Venus Metals Corporation. The commentary on the proposed merger between Mutiny Gold and Doray Minerals highlights two points. Firstly, Mutiny Gold shareholders lose value in the transaction. Secondly, there is little evidence to support a share price re-rating based on the combined production. More generally, the Mutiny Gold review argues that the industry is not structured to channel value back to investors. That makes consultants' project values redundant and no guide to what shareholders should pay - hence the frustration among companies when they see large disparities between values contained in feasibility studies and the equity market prices for the same projects. This is the problem the merger is trying fruitlessly to solve.


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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