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 little changed as merger activity and optimism over corporate earnings offset concern over crises abroad before a Federal Reserve policy decision. The Standard & Poor’s 500 Index added less than 0.1% to 1,978.9, erasing an earlier drop of as much as 0.6%. The Dow Jones Industrial Average rose 22.0 points, or 0.1%, to 16,982.6.More >
Atlas Iron (AGO) released June Q results with record sales of 3.1wmt including 2.8Mt Standard Fines and 0.3Mt Value Fines (previously announced). Revenue for the Q was impacted by the compounding effects of declining Fe prices (Platts 62% index down 15%) and increasing quality discounts (increasing by 9.6%). Unaudited EBITDA was guided at $240-260m for FY14 and total capex was estimated at $372m. Net Debt at June 30 was ~37m.More >
Argonaut welcomes Andre Rompolo to the Securities Team, initially to be trained as a DTR and to provide Dealer Assistant support to the Dealing Desk. The long term focus for Andre is for him to develop into a Private Client Advisor at Argonaut. Andre has spent the last 6 years working in Singapore.More >