Two companies casting aside any semblance of corporate integrity in search of a strategy are rarely able to create a magic pudding for shareholders
John Robertson
PortfolioDirect
Two companies casting aside any semblance of corporate integrity in search of a strategy are rarely able to create a magic pudding for shareholders. Ascot Resources, a $6 million company with $1.2 million in cash recently had been marketing a vision for a multi-project development pipeline in Columbia. Ochre Group Holdings was a budding iron ore miner with no money in the bank. Its directors had been committed and excited about their world-class development asset in the Pilbara. Now, Ochre has sold the Pilbara project to Ascot. Ascot believes the acquisition provides the opportunity to leverage the Company's management and development experience in Western Australia's iron ore industry. But just four weeks ago its expertise was coal. There was never any mention of iron ore. Pity anyone who bought Ascot because producing coal in Columbia seemed a good idea.
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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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