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

The S&P 500 rose to a fresh record as investors focused on corporate earnings and largely brushed off the threat of a U.S. government shutdown. The index is up 5.1% in 2018, its best 13-day start to a year since 1987. The recent leg higher has been marked by investors' fervour for stocks, propelling what some analysts are referring as a "melt-up," which is commonly defined as a period of sudden stock-market gains. The start of fourth-quarter earnings season is also assisting in lifting major indexes, as investors have embraced better-than-expected results and optimistic corporate guidance.

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Latest Research

In our FY17 results preview (August 2017) we flagged GRB and CLX as top picks in our ‘microcap’ universe. The share prices of both stocks have performed well since then. GRB has more than doubled, while CLX’s >20% gain has pushed the Company into our ‘small cap’ universe. Our key picks heading into FY18 interims are TPS and BOT. TPS turned the corner in 4Q17, has earnings visibility and a clear growth strategy, and we believe offers the best value among our microcap stocks that have earnings. Out of the earlier stage speculative stocks we believe BOT, with its more imminent catalysts, presents the most likely case for near-term gains.

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Latest News

Argonaut Congratulates Gascoyne on a Highly Successful Capital Raising.
Argonaut acted as Joint Lead Manager to successfully raise A$21.5 million for Gascoyne Resources Limited (ASX:GCY) (“Gascoyne” or “the Company”).

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