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 advanced on Monday, though downbeat earnings from IBM kept a lid on gains for Dow industrials. The Dow Jones Industrial Average finished up 19 points, or 0.1%, at 16,400. Other market benchmarks rallied. The S&P 500 gained 17 points, or 0.9%, to 1,904, as each of the index's 10 sectors rose. The Nasdaq Composite Index added 58 points, or 1.4%, to 4,316.More >
Paladin Energy (PDN) delivered a soft September Q, impacted by planned maintenance and plant scaling (previously announced) at the Company’s Langer Heinrich mine (LHM). Production was down 23% Q-on-Q to 1.0Mlb vs Argonaut’s forecast of 1.4Mlb. The Company has maintained guidance of 5.4-5.8Mlb for FY15 however it will require three strong quarters to make up the lost production. Argonaut maintains a HOLD recommendation with a $0.40 target price.More >
Argonaut, acting as Sole Lead Manager and Global Bookrunner for Gold Road Resources Limited (ASX: GOR) (“Gold Road”), has been successful in the Placement of 77.3 million new ordinary shares at an issue price of A$0.30 per share to new and existing institutional and sophisticated investors. The placement to raise A$23.2 million, was strongly oversubscribed and the calibre of the participants is testimony to the quality of Gold Road’s exploration projects.More >