Morning Notes

14/03/2019 - Argonaut Morning Note

Key News Overnight:

U.S. equities gained as data signalled a resilient economy and modest pressure on inflation. The pound jumped as the U.K. parliament voted to reject a no-deal Brexit;

Britain’s Parliament voted to avoid an economically disastrous no-deal split from the European Union, opening the door to delaying Brexit and radically re-writing the terms of the divorce;

Oil prices climbed to their highest so far this year as a decline in U.S. crude and fuel stockpiles added to evidence of a tightening market. Brent rose 1.3% overnight as WTI rose 2.4%;

Gold rose for a second day as heightened Brexit uncertainty and cooling U.S. inflation spurred demand for the yellow metal as a store of value;

Copper and zinc may rally sharply if freely available inventories on the London Metal Exchange continue their downward trend to zero, according to Macquarie Group Ltd;

In This Issue:

Austal (ASB) | High-speed catamaran delivery | BUY | Analyst | Ian Christie

Syrah Resources (SYR) | March Q Update | Not covered | No rating

Bellevue Gold (BGL) | Extensions to Viago and Tribune lodes | Not covered | No rating

Triton Minerals (TON) | Financing and offtake MOU |Not covered | No rating 

Recent Research: 

ASB, SYR, BGL, TON

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Argonaut Morning Note