News - Argonaut

Our Latest News

Argonaut congratulates Apollo Consolidated on successful Capital Raise

March 4, 2020

Argonaut acted as Joint Lead Manager to successfully raise $10 million for Apollo Consolidated Limited (ASX: AOP) (“Apollo” or the “Company”) at an issue price of $0.21 per share by way of a placement (“Placement”). The Placement was underpinned by strong support from institutional and sophisticated investors, which resulted...

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Argonaut congratulates St George Mining Limited on successful Capital Raise

February 27, 2020

Argonaut acted as Joint Lead Manager to successfully raise $5.75 million for St George Mining Limited (ASX: SGQ) (“St George” or the “Company”) at an issue price of $0.15 per share by way of a placement (“Placement”). The Placement was underpinned by strong support from institutional and sophisticated investors,...

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Argonaut congratulates Agrimin on successful Capital Raise

February 27, 2020

Argonaut acted as Joint Lead Manager to successfully raise $8.25 million for Agrimin Limited (ASX: AMN) (“Agrimin” or the “Company”) at an issue price of $0.55 per share by way of a placement (“Placement”). The Placement was underpinned by strong support from institutional and sophisticated investors, which resulted in...

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Our Morning Notes

27/03/2020 Argonaut Morning Note

March 27, 2020

Key News Overnight: U.S. stocks jumped again, shrugging off horrible employment data on optimism the $2 trillion stimulus package will blunt the pandemic's impact The U.S. is poised to overtake China in number of Covid-19 cases A record 3.28 million Americans filed jobless claims In This Issue: Pantoro Ltd (PNR) | Operations update Saracen Mineral Holdings...

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26/03/2020 Argonaut Morning Note

March 26, 2020

Key News Overnight: U.S. stocks posted their first back-to-back gains since Feb. 12 Stocks fell from their highs late after a dispute arose in the Senate over unemployment benefits in the $2 trillion aid package Covid-19 cases reached 459,000, deaths topped 20,800 and more than 113,600 have recovered globally In This Issue: Hot Chili...

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25/03/2020 Argonaut Morning Note

March 25, 2020

Key News Overnight: U.S. stocks surged, with the Dow jumping 11% to post its biggest gain since 1933 $2 trillion stimulus bill to help the U.S President Trump said he wants to re-open the U.S. economy by Easter Australia extended its shutdown of non-essential services and banned travel abroad Oil futures settled 2.8% up...

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Our Latest Research

Decmil (DCG) - Interims & Updates; Ceasing Coverage

March 30, 2020

After significant provisions DCG delivered a net loss of $74.9m in 1H20. The balance sheet deterioration since then is the key focus, threatening the firm’s viability and its ability to win work. Likely dilution from new capital initiatives, our earnings downgrades, heightened risk, and a current net debt position...

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Gage Roads (GRB) - Draughty Headwinds

March 30, 2020

The hospitality sector has been hit hard by COVID-19 and we pencil in zero draught or brand-in-hand sales for 7 months. GRB is reasonably well-prepared given stock supplies and an efficient brewery. Cash flow will be the 2H focus, although there are levers to pull and ATO excise relief. ...

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Saracen Mineral Holdings (SAR) - Best Placed For Covid-19

March 27, 2020

Saracen Mineral Holdings (SAR) provided an operations update with commentary on its preparedness in case the business incurs disruptions from the COVID-19 pandemic. Production for the March Q is forecast at 150-155koz gold and cash and billion at 31 March is expected to be $325-330m. This is in line...

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