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.

Morning Notes

 U.S. stocks rose in thin trading as Walmart Inc.’s stellar earnings boosted consumer shares. The S&P 500 gained 0.1% overnight to 2,780 and the Dow Jones was unchanged at 25,891;  The S&P/ASX 200 index was lifted by bank shares yesterday after ANZ announced it would take steps to increase investor lending. The ASX All Ords gained 0.2% to finish at 6,184;  The US is negotiating with China to stabilise the Yuan to neutralise any effort by Beijing to devalue its currency for the purpose of countering American tariffs;  Oil prices were mixed overnight due to increased investor caution around anticipated US – China trade talk news. Brent crude oil was unchanged overnight at US$66.49/bbl. and WTI gained 0.9% to US$56.09/bbl;  Gold advanced overnight due to increased uncertainty over global economic growth and a pullback in the US dollar. Gold gained 1.1% overnight to US$ 1,340/oz

More >

Latest Research

Saracen Mineral Holdings’(SAR) $60m investment into exploration in FY19 is paying off with significant intercepts at numerous deposits/prospects. The standout result was an intercept of 69m @ 4.1g/t at Karari, 400m below the current mining level. Drilling at Thunderbox A Zone, Deep South and Otto Bore also returned extensional results. Infill drilling at Whirling Dervish, including 30m @ 4.9g/t and 30M @ 3.3g/t confirmed continuity of mineralisation in the line-of-sight of decline development. While the ongoing exploration success points to tangible Reserve/Resource expansion, we believe SAR’s current share price already factors in a mine life well beyond current Reserves, particularly at Karari. However, given the momentum of the stock we upgrade to HOLD from SELL.

More >

Latest News

Argonaut is pleased to announce the successful $12.5 million Initial Public Offering (“IPO”) on the ASX of Stealth Global Holdings Ltd (“Stealth” or “the Company”). Stealth is a fast-growing sales and distribution group supplying safety, industrial, workplace and healthcare consumable products and customised supply solutions to business customers across the resources, engineering, transport and general industrial sectors.

More >