31 July 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?
The weakening US dollar is a positive cyclical influence which has warranted an upgrade among the PortfolioDirect guideposts although overall cyclical positioning remains little changed with the sector still in the midst of a prolonged trough.   More...

Market Directions
The weaker US dollar is the most dramatic change in sector fortunes but improvements in metal prices and the investment attractiveness of Australian companies is being modified by the rising Australian dollar.   More...

Portfolio Performance and Positioning
Phase I stocks reversed previous gains to produce an overall negative weekly outcome despite modest gains in the benchmark reflecting stronger pricing among the larger stocks in the sector.  The explorers as a group continued to display relatively weak returns.  There have been no recommended changes to portfolio composition or cash 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 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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