The commodities space is filling with the echoes of bottom-pickers, from The Australian:
Mining investment has always been a high-risk, high-reward game and taking a punt on the next cycle is not for the faint-hearted but the team at Pengana Capital are seasoned in this space and this week tipped that the sector was now offering good value.
Senior fund managers Tim Schroeders and Ric Ronge outlined that while the market was digesting lower near-term earnings, they had assessed that the global resource equity market was currently trading more than 20 per cent below value based on long-term earnings.
