Key News Overnight:
US stocks extended a weekly loss on Friday amid growing tensions on the Persian Gulf and speculation the Federal Reserve may limit rate cuts
Prime Minister Theresa May will lead a meeting of the UK government’s emergency committee on Monday to discuss the security of shipping in the Persian Gulf. The UK has threatened Tehran with “serious consequences” and demanded release
Hong Kong police fired tear gas late Sunday to disperse demonstrators who had surrounded China’s main local government office, remnants of the latest rally against its now-suspended effort to allow extraditions to mainland China
Nickel’s advance halted Friday after one of its biggest rallies this decade prompted Citigroup Inc. to Bank of Montreal to caution that the steelmaking material had jumped too quickly. Prices slipped on Friday after surging 17% in the previous seven days
Oil jumped in after-market trading on Saturday following the Iranian Revolutionary Guard Corp seizing a British oil tanker and a Liberian-flagged ship in the Strait of Hormuz. Brent futures rose as much as 1.4%, while WTI futures also edged higher
In This Issue:
Saracen Mineral Holdings (SAR) | June Q production |SELL | Analyst | Matthew Keane
Otto Energy (OEL) | OEL in a Trading halt| BUY | Analyst | Michael Eidne
Resolute Mining (RSG) | Resource and Reserve upgrades | Not covered | No rating
Galena Mining (G1A) | Abra Feasibility Study | Not covered | No rating
Recent Research:
Carnarvon Petroleum (CVN) | Quarterly Report June 2019| SPEC BUY | Analyst | Michael Eidne
Botanix (BOT)| Encouraging results lead to a valuation update| SPEC BUY | Analyst | Michael Eidne
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