Argonaut | The Natural Choice in Resources
Argonaut is a full service advisory, stockbroking & research and investment house with offices in Perth and Hong Kong. Argonaut is technically driven & focused on natural resource companies & businesses that service the metals, mining, energy and agri-business sectors. Argonaut has an established track record of creating significant wealth for clients.
U.S. stocks were mixed, retreating from session highs reached shortly after the Federal Reserve reiterated it would be "patient" in raising interest rates. Stocks got a brief boost from the Fed's statement, but it was short-lived, as few investors had expected officials to signal a coming rate hike. The central bank wasn't expected to make any changes in its latest meeting, which wrapped up Wednesday. Investors have been parsing recent statements from Fed officials for clues about when they could raise interest rates, a move widely expected this year. Technology shares continued to outperform, after a strong earnings report from Apple Inc. Oil tumbled to its lowest level in 6 years, sending energy shares lower on the back of data showing the highest American supplies of the commodity in more than 30 years. The Dow closed down 196 points, or 1.1%, to 17,191 and the S&P 500 lost 27 points, or 1.3%, to 2,002.More >
Atrum Coal (ATU) has stated that the Company is close to securing a partnership Memorandum of Understanding (MOU) on the 3.2Mtpa Groundhog anthracite project (GH) in British Columbia (BC), Canada. GH is the world’s largest undeveloped high grade anthracite project which Argonaut believes has the quality and scale to attract off-take and investment partners. An off-take agreement would substantially de-risk ATU from an equity investment perspective by alleviating market query regarding the saleability of anthracite. Argonaut maintains a SPEC BUY recommendation applying a $2.10 target price.More >
Well, I won’t dwell on the performance of the markets in 2014 as there has been sufficient coverage already so let’s hope 2015 brings a much brighter and happier future for all as we look forward to strong equity performance from the Natural Resources and WA Industrials sectors. I would like to take this opportunity to thank our clients for their continued support during 2014 and wish all clients, our dedicated staff and their families a Merry Christmas and a Happy and Prosperous New Year!More >