De Grey Mining Ltd (DEG) - Mallina; Work In Progress

January 15, 2021

On our early sums, exposure to De Grey’s 2021 exploration push comes almost for free. 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 view delayed share prices, access Argonaut’s wealth of Research as well as...

Pantoro Ltd (PNR) - Backing The Field

January 15, 2021

In for a successful restart leading to realisation of Norseman’s long term potential. 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 view delayed share prices, access Argonaut’s wealth of Research as well as create...

Perenti Global (PNR) - Positive Backdrop

January 8, 2021

Australian mining sector employment has grown faster over the last year than all other sectors bar one and accelerated into the last quarter.  Commodity prices are climbing, and resource companies are increasingly well-funded.  With a clear medium-term strategy in place to take advantage of this positive backdrop we reiterate...

Austal (ASB) - Benefits From Geopolitical Tension

January 7, 2021

ASB’s exposure to US and Australian naval defence spending, locations in the strategically important Asia Pacific region, and a strong cash position to address organic and inorganic growth opportunities are key positives.  We capture local currency appreciation, which remains a risk, in a below-guidance EBIT forecast for FY21.  On...

Good Drinks (GDA) - Prior Investment Delivering

December 22, 2020

First quarter and AGM commentary confirm a strong start to FY21, and we lift our full year EBITDA forecast to $6.6M.  Prior investment in plant and people is beginning to deliver results, with a sales and marketing team leveraging efficient production of a broader product range to land it...

GR Engineering (GNG) - Mining Project Funding Boosts Outlook

December 14, 2020

Good near-term visibility and a substantial pipeline, where project funding progress has recently accelerated, results in a valuation upgrade to $1.40 (prior $1.25).  With further support from an attractive dividend yield we maintain a BUY call. To access the full report please log in under the Client Area at...

Atrum Coal Limited (ATU) - Alberta's Coal Call

December 8, 2020

Atrum will be the big winner if economic imperatives continue to hold sway in Alberta, Canada. 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 view delayed share prices, access Argonaut’s wealth of Research as...

Ramelius Resources Ltd (RMS) - Bulking Up

December 4, 2020

The Company keeps delivering without much fuss, which makes us wonder if the potential at each of Eridanus and Edna May has been overlooked in the market. To access the full report please log in under the Client Area at the bottom of this page. Argonaut’s Client Area allows...

SRG Global (SRG) - Ramping Up

December 2, 2020

SRG’s EBITDA guidance upgrade to $42-45m (from $38-42m) is after recently winning >$500m work across segments, sectors, and geographies.  Our analysis of the announced order book confirms the ramp up into 2H21.  The momentum and pipeline further suggest the 2H run-rate can extend into FY22.  We increase our blended...