Report Date: 16 January 2017

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Contents

Where are we in the Cycle?
Cyclical momentum has improved insofar as the lengthy succession of downward revisions to growth prospects appears to have ceased.  Persuasive evidence of a move into the next stage of the cycle - the possibility of upward revisions - remains elusive.   More...

Market Directions
The Trump election effect has lost momentum.  Share price gains have been retained but anxiety over trade policy positions and their effect on growth is capping further market movements. Companies with uranium exposure have continued to attract abnormal market interest.  More...

Portfolio Performance and Positioning
Slippages in sector prices affected portfolio outcomes but relatively strong gains in recent weeks among selected Phase I stocks, including those involved in uranium exploration or mine deveopment, have been sustained.   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 communication have been added from and are based upon sources E.I.M. Capital Managers Pty Ltd, the publisher, believes to be reliable, their accuracy is not guaranteed and any such information may be incomplete or condensed. 

All opinions and estimates in this communication constitute judgments by E.I.M. Capital Managers as of the date of this communication and are subject to change without notice.  The publisher is under no obligation to make public any change in view about any matter referred to in this or any linked documents.

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

This communication is directed only to Australian wholesale investors and licensed financial advisers for information purposes and is not intended as an offer or solicitation with respect to the purchase or sale of a security.
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