Austal (ASB) – Votes of confidence

We recently completed a site visit to RMS’s Mt Magnet Operations, which highlighted several growth opportunities across the three mining areas. The Eridanus cut-back is a key part of Mt Magnet’s growth plans and shouldRead more

We initiate on Austin with a BUY call and a $0.70 valuation. The Austin 2.0 strategy, supported by a sound balance sheet, has been well executed to date. We expect scale, process efficiencies, and designRead more

With nickel sentiment continuing to languish, gold exploration has become a priority for LM8. Drilling at Lady Herial appears to have successfully defined a new modest scale gold deposit. Argonaut has modelled Lady Herial inRead more

WGX 1QFY25 was largely pre-reported and is a solid start to the year. Guidance has been maintained and volumes are expected to ramp-up over the remainder of FY25, which will also reduce AISC. The recentRead more

JMS 1QFY25 result highlighted a strong operational performance with higher-than-expected production and shipments, while costs benefitted from scale and a higher proportion of volumes being railed. However, realised pricing continued to be under pressure suppressingRead more