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GRIT builds for Mining sector revival

By Robert Tyerman | Thursday 14 August 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Most metal prices are weak, mining shares are in the doldrums and spending on projects has been slashed around the world -- all of which is surely setting the scene for a major recovery, as supply begins to fall short of demand. So argues David (‘Sam’) Hutchins, investment manager at Global Resources Investment Trust (GRIT), which has assembled a portfolio of 40 companies in Canada, Australia and the United Kingdom by exchanging its own shares for newly-issued shares in its investee ventures.


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