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 rose Tuesday, getting a lift from strong housing data and upbeat corporate earnings. Eighty three of the 116 companies in the S&P 500 that reported earnings as of Tuesday's close have beat expectations, according to FactSet. Stock gains accelerated Tuesday after data showed sales of existing homes rose 2.6% to an annual rate of 5.04 million in June, beating expectations of an annual pace of 5 million. The reading was the highest since October. The Dow was up 62 points, or 0.4%, to 17,114, while the S&P 500 added 0.5%.More >
Renaissance Minerals (RNS) released drilling results at Okvau, targeting gaps in previous Resource drilling. The results demonstrate further exploration upside and Argonaut anticipates the inventory at Okvau to continue to grow. The project compares favourably on grade and strip profiles when benchmarked against ASX gold developers. On Argonaut’s estimate, the project is already NPV positive and the delineation of additional Resources, which we consider highly likely, would underpin a convincing development / production scenario. RNS is one of Argonaut’s preferred gold explorers / developers. Speculative Buy recommendation maintained.More >
Argonaut is proud to be the Major Sponsor of the Tenth Annual Australian Uranium Conference being held at the Hyatt Regency Hotel in Perth from 16 to 17 July 2014. The Australian Uranium Conference is now the leading event in Australia for the Uranium sector. Due to industry demand and some geological and operational similarities, the conference has incorporated Rare Earths into the programme with great success.More >