AAR - Astral Resources

[YOUNG_TRADER]

Hey guys,

I'm sure we can be sure of one thing, directors sell for many reasons but they only ever buy for one

Its just such a shame that Koongie is taking so long to get to development, given the subprime/credit crisis the fundraising for Koongie Cap Ex development will no doubt be a much more difficult task

 

[imaginator]

whats happening to this stock? Losing steam?

Any news or expectations?

Or is it time to buy now?

I mean this one used to be a good stock before November and January, after that it just lost control.

 

[disarray]

hotcopper has threads running on this stock with current discussion about the age of the directors and lack of news. darryl guppy on tv said aar was looking at further falls and in the absence of news the price will continue to decay anyway.

after the crash i don't think money is coming back into specs yet, it is still getting mids like oxiana and so on back up to value, but once the money has finished there it will move back into specs looking for the higher returns.

no news since the quarterly but the report had them busy drilling holes and testing ore so progress is seemingly being made but you won't receive any updates along the way. personally i wouldn't be buying at the moment but i'm not a financial advisor etc. etc.

one guy on the hc thread summed it up nicely i think - "I reckon it will either cement my early retirement or I will lose my dough. Probably 50/50 either way."

 

[Scuba]

There's a map in W.A. showing 2007 mining projects, with a red target called Koongie Park. The key to the map describes that particular symbol as a project worth in excess of $10 Million...
:microwave

 

[scuffler]

hi guys.
Did anyone notice that AAR was on CNBC the other day?

The guy spoke about AAR's chart and said it looked to be heading to 4 cents...

I used to hold....seems the company could do with a good PR.

 

[juw177]

hotcopper has threads running on this stock with current discussion about the age of the directors and lack of news. darryl guppy on tv said aar was looking at further falls and in the absence of news the price will continue to decay anyway.

Some stubborn folks over at hot copper by the looks of it. Many of the posters have been holding for a while now (and there are a lot of people posting). And they continue to hope.

Isn't the internet great at luring people into bad trades?


ps, On the brightside, this bad news is bound to shake out those weak hands so the sooner this happens the sooner this can go up and I can look at entering.

 

[disarray]

yeah don't see much upward potential here for quite some time although long term with looming zinc shortfalls and increased copper demand KP (if well managed) will be a winner. maybe. eventually. next quarterly might bump the price up a bit if progress is being made (how long does a pfs usually take?) just in time to dump this stock for the capital loss at financial years end. i'd expect a drop in price around this time as other holders do the same :

 

[Bluesky]

ps, On the brightside, this bad news is bound to shake out those weak hands so the sooner this happens the sooner this can go up and I can look at entering.

What bad news are u referring to juw177?
Is it Guppys prediction on CNBC? It might get down to 3-4 cents but thats just current market conditions and impatient holders not charts. Thats bad news for the short term holders that believe in charting.
But wouldnt say bad for the stubborn long term holders on HC that believe in the companies fundamentals.

 

[adobee]

I have been holding this for a long time now.. I dont think it is a stock that you should be holding expectin to be rich in a month.. anyway if it goes below 5c I will be buying up as much as possible..

 

[hangseng]

I have followed Guppy and enjoy his reads. His comment and the current situation is a compelling case to re-visit Aug/Sep 06 support at 3.8c. The drop in sp on very low volume is displaying that support is failing as to prop it wouldn't take much at all. Directors buying has aided support but they would need to do more to change the downtrend.

The key level to hold is 5.2c, if that fails 4c will come very quickly. Anything under 4c would have to be regarded as absolutely exceptional value and I would have to seriously consider placing (no I would place) a very large sum on AAR as I am sure the likes of FP et al would. A company with no debt, a lot of cash and great prospects has a strong aroma of exceptional low risk speculative investment returns.

The 100% Fib retracement from the May07 high is clearly at 3.8c, if that failed (highly unlikely) then 2.7c base is it and well below an asset fire sale of the company.

AAR remains my key personal pick for 2008/2009 to providing ROI in excess of 200% once again. This time though it will continue upward. I agree with YT, that the capex of Koongie and associated fund raising will be a critical test in a tight credit market. The would require a very compelling BFS for bankers to be on side, the slowness of the PFS doesn't instill confidence. However they are working with few resources and this would slow the progress.

Time to watch developments very closely IMO, a return to exceptional value would be quite exciting. All of this and Mandilla and VRD are still in the offing.

 

[YOUNG_TRADER]

Hey guys, I just took a look at the Guppy comments,

You got to remember that he's a pure Tech! ie he looks at no fundies and most of the AAR info here is Fundies,, so perhaps putting the 2 together the fundies suggest there is a bright future ahead for AAR once they get Koongie PFS/BFS sorted, however the charts suggest possible further weakness,


So with these in mind, I am probably going to wait to see how much firther AAR can fall before I buy more

 

[juw177]

What bad news are u referring to juw177?
Is it Guppys prediction on CNBC? It might get down to 3-4 cents but thats just current market conditions and impatient holders not charts. Thats bad news for the short term holders that believe in charting.
But wouldnt say bad for the stubborn long term holders on HC that believe in the companies fundamentals.

Precisely what I meant. As the short term holders exit and get replaced by holders that are not just buying into the hype of the HC breakout coverage, the SP can get another shot at the old highs.

 

[hangseng]

..........there is a bright future ahead for AAR once they get Koongie PFS/BFS sorted, however the charts suggest possible further weakness,

That is the main hurdle LT.

The PFS remains outstanding and they are a long way from presenting a compelling BFS. I now believe the Guppy T/A comment will become reality in the short term as the market uncertainty unfolds and specs continue to be hit.

 

[Scuba]

I would like to see it to guys... Would someone be so kind as to post a link to the said Guppy article or a transcript of it?
(Please)

 

[hangseng]

I would like to see it to guys... Would someone be so kind as to post a link to the said Guppy article or a transcript of it?
(Please)

What the Charts Say
Daryl Guppy, CEO of Guppytraders.com, tells us what the charts say for Santos, City Pacific, Independence Group, Anglo Australian, Amcor, Pan Aust Resources, the Nikkei, Hang Seng, and Melco, with CNBC's Amanda Drury and Martin Soong.
http://www.cnbc.com/id/15840232?video=664208395

 

[Scuba]

What the Charts Say
Daryl Guppy, CEO of Guppytraders.com, tells us what the charts say for Santos, City Pacific, Independence Group, Anglo Australian, Amcor, Pan Aust Resources, the Nikkei, Hang Seng, and Melco, with CNBC's Amanda Drury and Martin Soong.
http://www.cnbc.com/id/15840232?video=664208395&play=1

Thanks hangseng!
Pretty sad to see Anglo copping such a beating, as I said earlier in the thread "KP on WA Gov mining project map..."
BTW I had the pleasure of working in the Pilbara last week :evilburn: ROFL

 

[hangseng]

Thanks hangseng!
Pretty sad to see Anglo copping such a beating, as I said earlier in the thread "KP on WA Gov mining project map..."
BTW I had the pleasure of working in the Pilbara last week :evilburn: ROFL

Pretty warm at the moment eh

Yes unfortunate to watch but AAR isnt on it's own, specs are all getting a belting and still more to come. The market is in a real bad way.

 

[Scuba]

Pretty warm at the moment eh

Yes unfortunate to watch but AAR isnt on it's own, specs are all getting a belting and still more to come. The market is in a real bad way.

Was surprised to see 39 in Perth on Thursday too, our aircraft was held on taxiway after landing for 30 minutes too... (Perth becomes next airport re-construction? )

Regarding the specs, doesn't seem to have much ryhme or reason though, look at FDL, GDA and some others who've gone ballistic at times yet managed to stay "up there". Seems like a Techies market, but I wonder how sore their trigger fingers are and how ragged they are starting to feel given how volatile things are?
Thanks again for the link hs, I've not been too unhappy about the price as it's presenting opportunities to buy more shares and average down while it's where it is, but given the opinion in the thread I might sit on the fence a while longer before getting in any deeper.

 

[adobee]

An announcment at last to hopefully stop the continued falled.. drilling commenced results due in April 2008.. I think some people will jump on in anticipation of what may come through April..

 

[adobee]

Getting some interest now which is great! almost up 20% I doubt we are going to surpass 7-8c untill there are some actual good results in April ..