Wednesday will be a big day for the New South Wales Mining industry and Nucoal Resources
John Robertson
PortfolioDirect
Wednesday will be a big day for the New South Wales Mining industry and Nucoal Resources. The state's ICAC plans to release its recommendations about what action should be taken by the NSW government to amend the Mining Act and whether the government should commence legal proceedings against any company or individual caught up in the allocation of exploration licences by corrupt former mines minister Ian Macdonald. Nucoal is the listed company with most to gain or lose from the report immediately. In the longer term, the NSW government could trash the state's reputation as an investment destination if it simply pulls the Nucoal license to demonstrate how tough it is prepared to be in tackling public corruption, at least of the Labor Party variety, in the state.
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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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