Report Date: 30 January 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?
Although output growth momentum is not supporting cyclical progress, funding conditions have improved with a reversal in yields on higher risk corporate bonds indicating improved chances of developments being funded.     More...

Market Directions
Markets have lost momentum as the Trump administration is becoming a less clear-cut benefit while haggling over policy detail begins. Larger cap stocks in the sector continue to benefit from the flow of funds due to asset reallocation decisions but gains among the smaller end of the market have stalled.  More...

Portfolio Performance and Positioning
The best performing stocks have been among Phase I companies with leverage to changes in their specific circumstances.  Uranium related stocks to which the portfolios have been biased have contributed as investor interest in the sector has returned.  There have been no recommended changes to stock holdings .     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.

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