2016 Argonaut Mini Series
Argonaut is proud to sponsor the 2016 Argonaut Mini Series yachting regatta to be held on the 6th and 7th February from Royal Perth Yacht Club, in waters around Matilda Bay. This event has grown to be one of the more popular Perth yachting events with 150-200 yachts competing across various classes. Each day of racing will commence around 9.30 am.
U.S. stocks followed global markets lower Thursday as the financial sector fell on continued concerns about growth, lower oil prices and its impact on the banking system. Oil futures continued to move lower, with prices falling below US$27 a barrel in New York. Yields on U.S. Treasuries fell to the lowest levels since August 2012 as global investors searched for safe havens.More >
Dacian Gold (DCN) released the first batch of in-fill drilling at Morgans Underground. The results form ~13% of the planned drilling at Westralia and reaffirmed the high grades with an average grade of ~8.5g/t. Completion of this 50m x 50m in-fill program will lift confidence on the Resource (Resource updated expected in the September Q). In addition, this should allow the higher grade material to be fed in the earlier years, catapulting ounces produced to ~280koz pa and thereby improving the project NPV with a shorter payback period. DCN remains one of Argonaut’s preferred emerging gold producers given AUD denominated costs, exploration upside and proven management. Given scalable inventory, proximity to infrastructure and high margins, DCN will also attract corporate attention. The Company is catalyst rich and well-funded with A$24m cash and nine rigs drilling. SPEC BUY maintained.More >