Zambian manganese producer Kaboko Mining produced one of the more outrageous percentage share price changes on the market today as stock with a value of only...
John Robertson
PortfolioDirect
Zambian manganese producer Kaboko Mining produced one of the more outrageous percentage share price changes on the market today as stock with a value of only $500 changed hands to produce a 67% gain. The move could easily be reversed but is a timely reminder of how leveraged some of the smaller resources stocks are to a change in market sentiment. The small resources share price index remains awkwardly positioned in a downtrend but also consistent with the beginnings of a turning point that could recapture some of the 67% decline in the index since early in 2011. Kaboko is more a caricature of what could happen than a typical example but the macro data do point to the balance of risks in this part of the market beginning to shift. That would normally lead to a rising frequency of these somewhat wild Kaboko-like swings.
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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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