News

RIU Good Oil Conference, Perth

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 gas 

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Morning Notes

Shares of banks slid Monday, dragging on major indexes worldwide. Investors sold bank shares in the U.S., Europe and Japan in the wake of recent central bank meetings that suggested easy money policies were likely to continue, with low interest rates typically hitting profits at financial firms. Financial shares were among the biggest decliners in the S&P 500. Some traders and investors said reports of capital issues at Deutsche Bank were adding to concerns about the sector. Deutsche Bank fell 7.5% to the lowest price in at least 20 years, according to FactSet. Several investors also said they were watching tonight's U.S. presidential debate for signs that a tightening race might break toward one candidate or the other and indications of how that might affect financial markets. A new Wall Street Journal/NBC News poll found that 34% of registered voters expect the three presidential debates to be important in helping them decide how to vote. While stock markets have risen steadily over the summer, some investors expect the election, along with the price of oil, to trigger increased volatility in stock markets in October and November.

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Latest Research

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.

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