News - Argonaut

Our Latest News

Argonaut successfully facilitates NKWE Platinum’s $90 million takeover by Zijin Mining

April 10, 2019

Argonaut acted as Financial Advisor to facilitate the $90 million takeover between Nkwe Platinum Limited (“Nkwe”) and Gold Mountains (Bermuda) Investment Limited, a wholly owned subsidiary of Zijin Mining Group Co. Limited ("Zijin"). Nkwe was an ASX Listed platinum company which engaged in the acquisition, exploration and development of platinum...

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Argonaut Congratulates Genesis Minerals on a Highly Successful Capital Raising

April 10, 2019

Argonaut has acted as Lead Manager to Genesis Minerals Ltd (ASX: GMD) (“Genesis”) in its well supported placement of A$5 million to new and existing institutional and sophisticated investors. The proceeds will be used to fund ongoing resource definition and exploration drilling programs and feasibility study work at Ulysses, where...

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Argonaut Congratulates Triangle Energy (Global) Ltd on a Highly Successful Equity Raising

April 10, 2019

Argonaut acted as Lead Manager and Underwriter to successfully raise A$5.03 million for Triangle Energy (Global) Ltd (ASX:TEG) (“Triangle” or “the Company”). The funds were raised by way of a A$1.25 million placement to professional and sophisticated investors and a A$3.78 million underwritten pro-rata entitlement offer, at an issue...

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Our Morning Notes

26/04/2019 - Argonaut Morning Note

April 26, 2019

Key News Overnight: The Trump administration may concede to a Chinese proposal that would give less protection for U.S. pharmaceutical products than they receive at home, a move that could draw opposition from the American drug industry. U.S. equities edged lower as investors assessed corporate earnings and economic data. Treasuries joined...

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24/04/2019 - Argonaut Morning Note

April 24, 2019

Key News Overnight: U.S. stock gauges closed at record highs on the back of better-than-forecast earnings, while the USD strengthened and U.S. Treasury yields dipped. The world’s best performing stock market, China’s CSI 300, is looking vulnerable after Beijing officials signalled, they’re less comfortable about adding stimulus. Oil climbed to the highest...

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23/04/2019 - Argonaut Morning Note

April 24, 2019

Key News Overnight: U.S. equities remained relatively unchanged in light volume as investors prepared for a surge in earnings news. Theresa May is fighting to keep her job so she can complete the defining task of her premiership and take the U.K. out of the European Union. China’s largest futures exchange will...

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Our Latest Research

Argonaut - Industrials - Could WA Buck The Trend?

April 18, 2019

The significant negative correlation in economic growth between WA and the eastern states may signal a pending recovery in the west. However, there are more concrete reasons behind our view that 2020 will be a better year for WA, largely centred on resource and infrastructure spend. Small cap contractors,...

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Gage Roads (GRB) - Can Do Attitude

April 18, 2019

The success of a small-scale trial with cans has encouraged GRB to invest $7.8m in a full-scale can filler, an upgraded bottle filler, and other site improvements. Costs will largely be met by an equity raise at $0.095 to bring in $7.6m. The packaging line enhancements are expected to...

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Sandfire Resources (SFR) - The Autumn Years

April 18, 2019

Sandfire Resources (SFR) released March Q results with 16.1kt Cu and 10.9koz Au in concentrate at a total cash cost of US$1.08lb, (vs Argonaut’s forecast 17.4kt Cu and 9.7koz Au at US$1.06/lb). Low grade ore from the first Monty stopes were included in the blend, and this mine should...

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