Coking Coal — Showing its Mettle

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The scarcity value of the commodity and investable companies in the coking coal space makes it an interesting and under-analysed sector for equity investors. Combined with above-consensus forecasts for commodity prices, our analysis suggests that the outlook is bright. This view appears to be shared by many corporates, with the recent prices paid for high-quality projects in the asset market…

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The Aussie Dollar — Not Coming Down Anytime Soon

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The Alchemist, Issue 34: The Australian dollar traded at a January average of US$0.795/A$ and ended the month at US$0.807/A$.  This recent appreciation has largely been due to the broad, positive macroeconomic outlook and the ongoing expectations for an interest rate increases in the near future. For the full report please click here.

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2017 in Review

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Over the past few years operating in the natural resources space has been a grind, which has seen a significantly greater effort to close transactions and win business.  A consequence of these changing market conditions has been that the nature of the advisory business moved from being predominantly sell-side mandates for major miners to buy-side mandates and capital raisings in…

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West African Gold — Plenty to Play For

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In an 80-page report, Jim Taylor and David Bird have reviewed the state of the West African gold sector. The piece includes features on the area, the main countries involved and the companies active in the space. The gold industry in West Africa remains healthy. Gold output is robust, with slowly declining average grades partly offset by improved recoveries. Six…

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RFC Ambrian – Comment

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Wave Swell Energy*** got a fair bit of coverage in the Australian press this morning, with articles such as this. We’re assisting Wave Swell in a capital raising at the moment. The company is developing its wave energy generation technology, and is carrying out commercial trials off Tasmania’s King Island ahead of a potential listing. Full details on the company…

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