Report Date: 10 April 2017

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Applications are now being considered.
Contents

Where are we in the Cycle?
OECD leading economic indicators are pointing toward a modest improvement in growth momentum but still insufficient to underpin a cyclical recovery in sector fortunes.   More...

Market Directions
Sector equity prices, led by gold stocks, showed solid weekly gains after recent modest returns but continue to lag other market segments despite more favorable financial market conditions.  More...

Portfolio Performance and Positioning
Generally positive results in portfolio stocks were offset by several Phase I companies with large losses after previously posting strong returns.  Sector volatility remains unusually low.  Tactically, the most prudent course is to take advantage of targeted returns when they arise on the assumption that momentum is currently hard to sustain leaving 'buy and hold' strategies unlikely to prove worthwhile.  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.    

No references to past investment performance should be taken to indicate anything about future performance.

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