Fiske - 'Palmaris, Golden Prospect and Hunting get the thumbs up'

While taking a cautiously optimistic view on the overall market, Fiske sees a lot of value in energy and mining. In the latter, twenty years of little exploration and under-investment – the result of a twenty-year bear market – has created world shortages and record prices. Producers, and service companies, are in a very strong position.

AIM stocks that Fiske likes include Palmaris Capital, the mining investor. Its shares have surged on a sharp rise in Australian gold miner, Perseverance, where it has an 11 per cent stake. Palmaris' s largest investment is a 23 per cent stake in UK coal-miner, Mining Scotland.

Another AIM resources investor is Golden Prospect, with a portfolio in metals and minerals plus oil, gas and diamonds. With an eye to cashflow potential from corporate advisory fees in these active markets, it is transforming itself into a mining and resource finance house.

Expectations of a ten-plus per cent rise in global oil and gas industry spending will boost service group Hunting. It has the advantage of substantial interests in Canada, where the currency is less depressed than the US dollar.