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.
The S&P 500 has finished at a new record following strong earnings from Best Buy and news that CVS Health would acquire senior pharmacy services company Omnicare for $US12.7 billion. The S&P 500 closed at 2,130.8, up 5 points or 0.23%, above Monday's record. The tech-rich Nasdaq Composite Index rose 19 points, or 0.4%, at 5,090.8, while the Dow Jones Industrial Average was essentially flat, adding a minor 0.3 at 18,285.8.More >
Northern Star (NST) released exploration drilling results from its Kalgoorlie operations, highlighting potential for mine life extensions, particularly at Kundana where strong results were delivered from the Millennium deposit (100% NST). Other encouraging results came from various targets, all within trucking distance to the Kanowna Belle (KB) plant. The results are anticipated to be incorporated into a mid-year Resource update. Our recent site visit confirmed the KB plant is versatile and can be configured to process a variety of ore types (including refractory ore). This will enable significant discoveries to be rapidly converted into production ounces. The mill has ample capacity, running at ~1.3Mtpa (v 1.8Mtpa nameplate). NST’s A$50m exploration program will underpin continued newsflow and Resource updates. With Paulsens transitioning into a higher grade zone, Argonaut is expecting an improved June Q. The Company has the ambition to continue growth and NST has demonstrated a track record of making prudent and value accretive acquisitions. The stock is inexpensive on a FF EV / production basis (see Figure 2, Page 3). HOLD maintained with a $1.85 valuation.More >
Argonaut is delighted to announce the appointment of Tony Locantro as a Dealer, Private Clients in our Securities Team with effect from Monday 18 May 2015. Tony began his career working in the NSW and QLD Police Service before gaining experience as a private client advisor, working at a number of stockbroking firms including William Noall and Patersons Securities.More >