1 May 2017

News: PortfolioDirect has joined with the world's longest established equity crowdfunding platform to raise capital for the mining industry: LINK
Applications are now being considered.
Contents

Where are we in the Cycle?
US GDP growth estimates reinforce the perception of a generally low growth economy with periodic shifts above and below a particularly weak trend.  Meanwhile, higher gold prices rely more on a buoyant economy than on market anxiety.    More...

Market Directions
Commodity market weakness comes despite a fall in the U.S. dollar exchange rate as stocks offering technology applications drive indexes higher.  More...

Portfolio Performance and Positioning
Large losses in previously strongly performing Phase I companies have dominated returns in portfolio stocks as overall sector momentum has slowed.  No portfolio changes have been initiated as large cash positions are retained through this period of relative weakness awaiting some strengthening in market conditions.   More...

Stock Reviews and Rating Analysis 
PortfolioDirect rating reports analyse the quality and risk attributes of proposed mineral developments.  Rating criteria apply to mining and oil and gas stocks at any stage of development.  PortfolioDirect uses a five point rating scale to measure the risk adjusted quality of proposed mineral developments or companies.    
For company reports & ratings...

The 'Steak or Sizzle' blog provides summary judgements on the top performing ASX-listed resources stocks. More...

Exploration Watch. Which exploration results are the most exciting, the most disappointing and the most anticipated?  More...

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Although the statements of fact in this report have been added from and are based upon sources the authors of the report believe to be reliable, their accuracy is not guaranteed and any such information may be incomplete or condensed.  To the extent permitted by law, the authors of the report are not liable for any loss or damage arising as a result of reliance placed on the contents of this report.  

All opinions and estimates in this communication constitute judgments by the authors at the report date and are subject to change without notice.  The report publisher is under no obligation to make public any change in view about any matter referred to in this document.    

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