This week's PortfolioDirect/resources investment report gives Thundelarra, Pryme Energy and Aspire Mining relatively low '2' ratings on the 5-point...

John Robertson

PortfolioDirect

This week's PortfolioDirect/resources investment report gives Thundelarra, Pryme Energy and Aspire Mining relatively low '2' ratings on the 5-point PortfolioDirect rating scale. In each case, however, pathways to a higher rating have been identified. There is no structural impediment to an enhanced investment proposition. Identification of these pathways, and how companies track against them in coming months, could be of greater value to investors than the initial rating itself insofar as they offer investors a set of guideposts to the progress being made in de-risking company activities and, consequently, the potential for a market re-rating. The company with the nearest term re-rating prospects is Aspire Mining which awaits a Mongolian government approval for a rail concession. The summary report for stocks rated in December 2013/January 2014 can be downloaded from (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...

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