The Australian Mining Industry is a major contributor to the national economy. The export revenues from the various metals and minerals mined from 'The Lucky Country' read like telephone numbers; make those international telephone numbers. Dubious investors may be concerned whether what has become a hot sector of the Australian sharemarket will continue to show growth in 2011. Or has all the future value of high commodity prices already been priced into resources company share prices? For some resources stocks, the answer is yes: The values of some companies in this author's opinion have become stretched. But for other resources stocks the answer is absolutely not: There are still spectacular share price gains around the corner for a number of resources stocks. 'A Sharebuyer's Guide to Investing in the Australian Mining Boom' will help you evaluate which stocks in the mining sector have the best chance of outperforming the market. Includes an A to Z (Aluminium to Zinc) of commodities and company profiles of 40 Emerging ASX-listed Resources Companies.
Posted by Janene Murdoch on 16th Jun 2011
Well, what a timely book and who better to write it. Allan Trench has all the necessary background and qualifications to write such an informed, readable book.
Allan starts with the basics, giving the investor an introduction to the market and information necessary when considering exposure to the mining sector. Many think that Australian mining industry is too mature, and better opportunities exist overseas. Allan disagrees, and whilst some companies do not offer great value he still believes there are some little gems waiting to be discovered.
The book is very comprehensive in explaining how the mining companies operate, the risks and costs involved in exploration and his explanation on the mining super tax is fantastic. From my personal perspective everthing is much clearer and I have been able to make an informed judgement.
Chapter 9 covers 28 selected commodity profiles. An in depth look at the various commodities. I was partcularly interested in Gold, as is the rest of the world, and Rare Earth Metals, which have been a topic of discussion between many of my investor friends.
Finally Allan goes into some ASX Listed Resources Companies - so much information contained in one book, and oh so readable for the retail investor.
Anyone considering investing, or is already invested in the Australian resources sector should not be without the fabulous book
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