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.
US stocks have barrelled to fresh records, easily eclipsing prior peaks following China's surprise interest-rate cut. The Dow Jones Industrial Average jumped 91.06 points (0.51 per cent) to 17,810.06 on Friday, posting its second straight record close. The broad-based S&P 500 gained 10.75 (0.52 per cent) to 2,063.50, while the tech-rich Nasdaq Composite Index advanced 11.10 (0.24 per cent) to 4,712.97. The People's Bank of China unexpectedly cut benchmark interest rates for the first time in more than two years to boost sagging economic growth.More >
The Company is charting a year of change, and the rebranding under the new moniker MMA Offshore Limited is suitable and timely. It reflects MRM’s broader geographic reach as it seeks to reduce reliance on activities on Australia’s north-west shelf and increase its exposure to international opportunities (in particular in south-east Asia, the Middle East and Africa). FY15 will be a transition year as the Jaya acquisition gets bedded down, and not without its challenges, but we would back an experienced management team to successfully execute the strategy over the medium term. Recent share price falls are overdone and we upgrade to a buy call (prior hold) on a $2.40 target price (prior $2.50).More >
Argonaut has completed a review of the best undeveloped metals and mining projects held by ASX listed companies and identified 11 compelling project opportunities. In addition we review a further 10 earlier stage projects that are likely to meet Argonaut’s key selection criteria within the next 12 months for special mention.More >