11 September 2017

Remuneration Report Analysis and Commentary: PortfolioDirect scores annual remuneration reports from ASX listed companies against a consistent analytical framework designed to help assess which reports are most worthy of shareholder support. 
Contents

Where are we in the Cycle?
Overlaying cyclical conditions for the global mining industry are moves to more highly regulate the distribution of benefits from project development among stakeholders.  Universally adopted model mining codes have been advocated by activists but can they be sufficiently comprehensive to make a difference?    More...

Market Directions
Dramatic U.S. exchange rate moves have altered the backdrop for metal price formation.  The major daily traded metals most closely connected to financial markets have been most affected.  Iron ore and oil prices have been less responsive.          More...

Portfolio Performance and Positioning
Modest market gains have occurred in the first few days of September with advances and declines split evenly over the past week.  There were signs that previously underperforming small stocks inthe sector were catching up to the larger enterprises.  No changes to portfolio positioning have been suggested.    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...

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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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