Resourcestocks Top 100: Annual Showcase Celebrates Diversity
- By: John P Sykes
Posted in: Blog, Commodities, Exploration, Mining, Publications, Recommended
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This month’s edition of RESOURCESTOCKS includes the annual ‘Top 100’ compiled by Allan Trench and myself. The list focuses on seeking out the length and breadth of variety available for mining and petroleum investors on the Australian Stock Exchange (ASX). According to portfolio theory investors should focus on diversification, so this list surveys the range of commodities, geographic locations and strategies to which ASX resource companies provide exposure. The downturn in many commodities means the main strategies coming to the fore are: low cost production, where available; opportunistic acquisitions, as the majors and failing small companies dispose of unwanted assets; and greenfields exploration, which is low cost, with returns generally not correlated to falling commodity prices, but to discovery success.
The latest edition of RESOURCESTOCKS is available in Australian newsagents now and digital subscriptions are available for iPad and Desktop.