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.
Stocks rose in afternoon trading Wednesday as the price of oil surged. U.S.-traded crude oil jumped 5.4% to $47.08 a barrel in afternoon trading on reports that the Organization of the Petroleum Exporting Countries reached a deal to limit production. Reuters reported the group reached a deal. The Wall Street Journal said OPEC reached an understanding and the group would wait until November to finalize a plan. Energy companies in the S&P 500 rose 4.1%, making the group the best-performing sector in the index. Elsewhere, biotech stocks declined, weighing on the Nasdaq Composite. The Nasdaq Biotechnology index dropped 0.8%. The group has had a stellar performance in recent months. Since the end of June, the Nasdaq Biotechnology index is up roughly 15%, though it remains down 13% in 2016.More >
Berkeley Energia (BKY) has signed a letter of intent (LOI) with European trader Interalloys Trading Ltd for the sale of up to 1mlb U3O8 from the Salamanca project in Spain. The contemplated price of US$41/lb is well above both the current spot and term prices (US$25/lb and US$39/lb respectively). This provides high margins against estimated total cash costs of <US$20/lb. Argonaut sees further potential for additional off-take and strategic partnerships as BKY progresses to construction in late-2016 / early 2017. Exploration is expected to provide a steady stream of newsflow as the Company drills high priority targets within a 10km radius of the planned plant location.More >
Argonaut is proud to be the Broking Sponsor of the RIU Good Oil Conference to be held at the Hyatt Regency Hotel in Perth, Western Australia from 13 to 14 September 2016. The RIU Good Oil Conference has, for over 14 years been the leading event for showcasing the latest news from a large majority of the junior to midcap oil and gasMore >