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 extended gains Thursday, bolstered by reassurance that major central banks weren't on the verge of pulling back from easy-money policies. The Federal Reserve left short-term interest rates unchanged and the Bank of Japan revamped its policy Wednesday, easing investors' concerns that had cropped up in recent weeks about central banks' willingness to support growth. Investors who had waited in anticipation of the Fed's decision felt comfortable about jumping back in again, particularly in interest-rate sensitive stocks, said Mr. Yu. All 11 sectors in the S&P 500 rose Thursday, led by real-estate stocks, which surged 1.6%.More >
Berkeley Energia (BKY) has signed a letter of intent (LOI) with European trader Interalloys Trading Ltd for the sale of up to 1mlb U3O8 from the Salamanca project in Spain. The contemplated price of US$41/lb is well above both the current spot and term prices (US$25/lb and US$39/lb respectively). This provides high margins against estimated total cash costs of <US$20/lb. Argonaut sees further potential for additional off-take and strategic partnerships as BKY progresses to construction in late-2016 / early 2017. Exploration is expected to provide a steady stream of newsflow as the Company drills high priority targets within a 10km radius of the planned plant location.More >
Argonaut is proud to be the Broking Sponsor of the RIU Good Oil Conference to be held at the Hyatt Regency Hotel in Perth, Western Australia from 13 to 14 September 2016. The RIU Good Oil Conference has, for over 14 years been the leading event for showcasing the latest news from a large majority of the junior to midcap oil and gasMore >