ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Blog

Home Archive by category "Latest Research"

New Research – Leo Lithium (LLL) – Danaya Doubled

By Wendy McEvoy | Latest Research | 0 comment | 25 January, 2023 | 0

Leo Lithium (LLL) has reported an updated Resource for its flagship Goulamina spodumene lithium project in Mali. In this research note we provide an analysis of the updated MRE, address capital raising speculation and discuss perceived issues holding back appreciation of LLL’s share price. To access the full report please log in under the ClientRead more

New Research – AIC Mines (A1M) – Eloise Loves Jericho

By Wendy McEvoy | Latest Research | 0 comment | 24 January, 2023 | 0

As owner and operator of Eloise Copper Mine, AIC Mines (A1M) was always the natural owner of Jericho. Takeover of Demetallica Limited (DRM), expands A1M’s Cloncurry ground position whilst underpinning Eloise’s longevity and expansion. We scope a future for Eloise incorporating a larger mill and additional feed from the Jericho deposit. After a troubled firstRead more

CTI Logistics (CLX) – Tailwinds Extend

By Wendy McEvoy | Latest Research | 0 comment | 20 January, 2023 | 0

The supportive conditions in the latter half of FY22 have extended well into FY23, adding to mounting evidence that recent strong results are due to more than just “one-offs”. We expect operational leverage from growth combined with management focus on costs and efficiencies to positively influence future margin. To access the full report please logRead more

Pantoro Ltd (PNR) – Digging In

By Wendy McEvoy | Latest Research | 0 comment | 17 January, 2023 | 0

The first months of Norseman’s production revival have been difficult. First cash flow and a debt repayment milestone in March would pave the way for Pantoro to start rebuilding trust To access the full report please log in under the Client Area at the bottom of this page.  Argonaut’s Client Area allows you to viewRead more

Austal (ASB) – T-ATS Test

By Wendy McEvoy | Latest Research | 0 comment | 17 January, 2023 | 0

ASB has reviewed its US Towing, Salvage and Rescue Ship (T-ATS) program, downgrading EBIT earnings guidance by ~A$42M (from ~A$100M to ~A$58M) as a result. While we believe ASB is well placed to win work, particularly given its new steel capability, we see heightened risk to margin as the Company transitions from mature programs toRead more

Ausgold Limited (AUC) – Definitive Initiative

By Wendy McEvoy | Latest Research | 0 comment | 12 January, 2023 | 0

Gold equities in general have seen a strong start to 2023. With a steady flow of news expected over the year and one of very few near-term large-scale gold development projects in WA, Ausgold is well poised to capitalise on a buoyant market. We adjust our long-term internal gold price (US$1800/oz, prior US$1750/oz). Our valuationRead more

Perseus Mining Ltd (PRU) – Winning From Tier 5

By Wendy McEvoy | Latest Research | 0 comment | 5 January, 2023 | 0

The prospect of Yaouré and Edikan firing together sets up Perseus to receive a lot more love in 2023 than it currently gets. We maintain a buy recommendation in anticipation of a re-rate. To access the full report please log in under the Client Area at the bottom of this page.  Argonaut’s Client Area allowsRead more

West African Resources Ltd (WAF) – Easy On Paper

By Wendy McEvoy | Latest Research | 0 comment | 22 December, 2022 | 0

WAF guides production down and reports upward cost pressure, so not surprisingly its priced for an extended cashflow lull and a potential raise. We would look for opportunities to buy as WAF’s funding options play out or ahead of the February 2023 mine plans. To access the full report please log in under the ClientRead more

GMD – New Research – The Keys To The House

By Wendy McEvoy | Latest Research | 0 comment | 20 December, 2022 | 0

We read the consolidation of Genesis and St Barbara as a positive transaction for Genesis shareholders. Assuming both the SBM and DCN transactions finalise, we think Genesis would be in a better position than with the Dacian transaction alone. With many moving parts and transaction completions dependent on numerous conditions and approvals, we’re hesitant toRead more

Perenti (PRN) – Coming Together

By Wendy McEvoy | Latest Research | 0 comment | 20 December, 2022 | 0

Margin growth is a key medium-term target and recent upgrades provide evidence this is on track. Strategy is well articulated and the balance sheet in good shape. Dividends could resume in FY24. The share price has near doubled this FY but can still gain from here. To access the full report please log in underRead more

123

Recent Posts

  • 03/02/2023 – Morning Note
  • 02/02/2023 – Morning Note
  • 01/02/2023 – Morning Note
  • 31/01/2023 – Morning Note
  • 30/01/2023 – Morning Note

Archives

  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program
Argonaut

Argonaut | The Natural Choice in Resources.
© 2022 Argonaut.

Corporate Finance
Stockbroking & Research
Contact Us

Argonaut | Perth

Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

clientservices@argonaut.com

ABN 72 108 330 650

Argonaut | Login

Client Area Help
Register for Access to Client Area
Privacy Policy
Financial Services Guide 
Website Disclaimer

Copyright 2022 | Website ⚡ by Start Digital