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

Gains in energy shares pushed the Dow Jones Industrial Average higher to open the final month of the year, while selling in yield-bearing stocks accelerated. Energy stocks were among the biggest climbers in the S&P 500, adding 1.8% as U.S. crude continued climbing. U.S. oil prices rose 4.2% to $51.49 a barrel after surging more than 9% on Wednesday in the wake of a deal from the Organization of the Petroleum Exporting Countries to cut production. U.S. Treasury’s saw their worst month in seven years in November. The election of Donald Trump has boosted investors' expectations for higher U.S. growth and inflation in recent sessions, sending government debt and dividend stocks tumbling while sparking gains in the dollar and shares that tend to do better in times of economic expansion. Some analysts said a strong jobs report Friday could increase the pace of that rotation, even as several remain concerned that investors' hopes for a new pickup in economic expansion eventually could be dashed.

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Latest Research

Paringa Resources (PNL) recently released a Bankable Feasibility Study (BFS) for Poplar Grove, the first thermal coal mine to be developed in the Buck Creek Complex, West Kentucky. The BFS confirmed a low capex starter mine (~US$40m) with 25%-33% operating margins against an established sales contract with regional utilities LG&E and KU. Poplar Grove is designed to produce 1.8Mt of clean coal from the high quality WK No. 9 seam, but has potential to double production with the recently defined WK No 11 seam. The larger Cypress mine, adjacent to Poplar Grove, is slated to commence production in 2021 and will ramp up to 3.9Mt production.

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Latest News

Argonaut is completing its annual review of the best undeveloped metals and mining projects owned by ASX listed companies. Companies that were identified with the best undeveloped projects in our previous editions outperformed their respective peer groups and relevant indices, with many being acquired, financed or partnered. A notable outcome of our analysis is that we have been unable to identify a project meeting our criteria that resides in an ASX major or mid-tier, with all the projects in aspiring juniors or small-cap companies (none of which are producers). Argonaut has applied the following selection criteria to identify the best undeveloped projects, which include:

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