AAR - Astral Resources

[hangseng]

Oh ya, you think it is going to be 2-3 years. It is more like another ten years. AAR is not know for the speed in getting things done. Please read this thread. We have been frustrated for quite sometime of AAR's slowness.

I do yes and I do read/contribute to this thread. Read the latest announcement and then read my previous posts. Especially this one Post #536 24th-September-2007, 11:53 AM and there are more.

10 years? I think not. Angus Pilmer isn't going to wait 10 years that is why he continues to buy, neither will JJ or the other directors. DYOR, I have.

 

[reichman]

Re AAR - Anglo Australian Resources

I do plenty of reading of this site and of HotCopper, but have imparted my novice views only twice previously.

As one of the 'handful' of people who attended late last years AGM, I am forever amazed by the many who post outlandish comments about the job the men in power are doing.

Everything I heard at the AGM was of a company that in the short to medium term has every possiblility/probability of becoming a successful mid-tier miner.

The professional way that Dr Denis Clarke and others spoke, gave me much to look forward to. Not today, not tomorrow and certainly not YESTERDAY!!!

Those who attended the AGM know full well that Dr Clarke went to great pains to explain how they are making EVERY ENDEAVOUR TO MAXIMIZE THEIR/OUR EARNING CAPACITY.

To the masses (people the likes of HANGSENG and several others excluded), for goodness sake, stop whining all the time. Anybody who purchased shares in this multi-prospect company as a result of research, should know that this share is a 'hold-type' share.

It has become apparent to me that more than most who post on these types of sites are rampers or day traders.

The Directors keep buying shares. The fundamentals of the company via Koongie and Mandilla are as good or better than when I purchased my shares back in November and as we were told at the AGM, Victoria River Downs is FAR TOO BIG to go it alone.

Anyone who purchased this stock to return an immediate quick few cents, went into ownership for the wrong reasons.

In my opinion - which may or may not mean much to the masses!!!

 

[YOUNG_TRADER]

Excellent post Reichman, excellent post,

AAR is certainly a value stock for the long term, they have proven there ability to mine and develop projects with the Mandilla operations,

However I can also relate and understand the frustrations of many on here, the company has been somewhat slow and failed to capitalise on the momentum it had built up.

Long term value I agree, but the company must get a move on (as they now are)

 

[Scuba]

Oh ya, you think it is going to be 2-3 years. It is more like another ten years. AAR is not know for the speed in getting things done. Please read this thread. We have been frustrated for quite sometime of AAR's slowness.

Priceless...

Please read this thread.

You said it... Please give your opinion as you see fit, but at least do as you suggest to others...

 

[adobee]

Well the first interesting movement and action I have seen on AAR for ages.. shares have actually sold upwards rather than dowards and ther are some people starting to buy ...

 

[stix1771]

Well the first interesting movement and action I have seen on AAR for ages.. shares have actually sold upwards rather than dowards and ther are some people starting to buy ...

Isn't the maiden gold pour due this month? Perhaps positioning themselves for (early?) announcement.

 

[adobee]

What do people make of the directors buying .. numerous small parcels.. from what I have seen they have been from $3k to $40k... Looking at the announcements they do seem to buy up a bit before something comes out.. else this could also be looked at as that they constantly buy ..

 

[MrDevine]

I have held anglo since June last year, watched it run from 7 to 13c. Everyone who has brought into this stock, bet that this company, with its tenements should become a mid tier miner. FMG wasn't made overnight. Buying in early 'should' guarantee early investors with a sizable return. Why else buy a 'penny dreadful' stock. Anyway its been a gut wrenching ride last six months – haven't sold anything, and would consider adding to position shortly, now the worm has turned. But be ever cautious in this market, much different now from 18 months ago.

Longs 'will' be rewarded, this company doesn't stoke the hype like other small caps. Time will tell whether we have all made the right call.

Mr D holds and is long.

 

[TheAbyss]

Sent off a request to AAR for some information which resulted in a conversation with a representative of the company and have put a few notes together which i have provided below.

Mandilla - Further drilling results for Mandilla west due this month

Koongie - Koongie PFS completed in June or at least an update via the quarterly report.

Working hard to have production come 09/10 if everything runs to plan

AAR will continue to prove up the resource and only consider a JV once they have extensive results and proven what they have.

Watch for news on the Tech Cominco/ Xstrata Pillara plant being looked at as opposed to the Nicholsons find plant as the project comes to fruition

Cobalt is not worth much other than credits with the processed ore

Victoria Downs - Geo surveys and soil samples have been shipped to labs OS. There is no doubt they have a resource, just how much is the question. AAR will work on this moving forward and will not entertain a JV until they have proven the resource which is a low cost exercise that will add enormous value to AAR.

Broker coverge - Credit Suisse are due for another look at AAR

Roadshow - AAR have a roadshow planned with details to be released this month

There is a new sense of urgency with AAR these days which has been brought about by the increase in Base metal prices which has compelled the company to bring these projects online. I for one am confident that this will be a great stock to own come the end of 2009. Lots of opportunities along the way of course.

 

[adobee]

Looking positive.. There seems to at last be some upwards pressure on the share price and buys stacking up greater than sellers which is a really pleasant change .. Once the rescouces base is announced and it clears ten cents I will be happy to forget it and not look again until I get a merge / takeover letter in my mail box !!

 

[adobee]

Still moving strongly .. I think we might see most of the sellers get wiped out come closer to 4pm.. Some rumour must be out that I dont know about.. but I can see 8c at close ..

 

[hangseng]

Sent off a request to AAR for some information which resulted in a conversation with a representative of the company and have put a few notes together which i have provided below.

Mandilla - Further drilling results for Mandilla west due this month

Koongie - Koongie PFS completed in June or at least an update via the quarterly report.

Working hard to have production come 09/10 if everything runs to plan

AAR will continue to prove up the resource and only consider a JV once they have extensive results and proven what they have.

Watch for news on the Tech Cominco/ Xstrata Pillara plant being looked at as opposed to the Nicholsons find plant as the project comes to fruition

Cobalt is not worth much other than credits with the processed ore

Victoria Downs - Geo surveys and soil samples have been shipped to labs OS. There is no doubt they have a resource, just how much is the question. AAR will work on this moving forward and will not entertain a JV until they have proven the resource which is a low cost exercise that will add enormous value to AAR.

Broker coverge - Credit Suisse are due for another look at AAR

Roadshow - AAR have a roadshow planned with details to be released this month

There is a new sense of urgency with AAR these days which has been brought about by the increase in Base metal prices which has compelled the company to bring these projects online. I for one am confident that this will be a great stock to own come the end of 2009. Lots of opportunities along the way of course.

"a representative of the company"

Telling you all that? Very informative "represenative" You must be speaking to a different one to me as the one I used to speak to wouldn't give anything of substance especially not "Watch for news on the Tech Cominco/ Xstrata Pillara plant" "Koongie PFS completed in June" "have production come 09/10" "consider a JV " For Koongie?

It seems AAR have decided to communicate over the phone and give out market sensitive information.

Who was the "representative" ?

 

[adobee]

"a representative of the company"

Telling you all that? Very informative "represenative" You must be speaking to a different one to me as the one I used to speak to wouldn't give anything of substance especially not "Watch for news on the Tech Cominco/ Xstrata Pillara plant" "Koongie PFS completed in June" "have production come 09/10" "consider a JV " For Koongie?

It seems AAR have decided to communicate over the phone and give out market sensitive information.

Who was the "representative" ?

From the change in direction of their share price it looks like they are cold calling and telling people this information !!!

mmm I agree it is good to post who is advising this information if possible.. was the representative the receptionist ?

 

[TheAbyss]

I spoke with Angus Pilmer.

The questions i posed received the responses from him. I have not added or embellished.

I did rephrase on a few occassions and also move on and come back to a few subjects.. The converstaion lasted almost 30 minutes. Very interesting and i enjoyed his style of communication immensely. Didnt give anything without some preamble first. Anything related to the sp was met with a brick wall however his passion is the ground and he can speak fluently on the subject.

Here is his number if anyone would like to check anyything. You will need to be on the share register though or he will not speak to you. Number is (08) 9388-9545. I did get most of my subject matter from the posts on ASF so it will look familiar to you. Great call whoever posted the Pillara Xstrata post (havent referred back but you know who you are).

Please find below my questions which i initially sent via email and received a telephone call back. I also invited a few ASF members to send me any questions they would like asked prepatory to calling him back.

I am confident that we will see things eventuate as per my post and am a little disgruntled at the scepticism however i can understand it hence my response now.

Angus

A few questions if you don’t mind?

Mandilla –
Questions
• Further drilling results
• How long to mine the Mandilla East?

Koongie-

Questions
• If Koongie goes ahead and Zn prices remain around current levels it would be a profitable project for AAR. With current Zn prices a JV might be a safer option
• How long till Koongie PFS completed?
• What are the processing risks?
• Nicholsons Find plant to be used?
• Is it usable?
• Can it be upgraded for this project and at what cost?
• Will this provide a shorter lead time to production potential (mid to late 2009 earliest though in my opinion) and low capex startup costs
• 3d Resources a potential partner?

Victoria River Downs
50 - 100 mt potential resource.

Questions
• What are AAR doing to prove this potential resource?
• Would a projected 3-4 years to mine be accurate?
• When can we expect drilling results
• Has AAR negotiated drilling access yet?
• Is the Cobalt worth anything?


General Questions
• Is there a partner in the wind or go it alone as there are various projects which are potential company makers?
• Any imminent broker coverage?
• Are there any market communications and or road shows planned?

 

[Ang]

Have not posted for a while, however back now and it is good to see AAR back alive. There are a number of reasons Directors are buying. They have clearly stated on their web site they will be a mid cap stock this financial year. To do this they need to reduce the number of shareholders that hold this stock so it is not a day traders dream as it has been in the past. There currently is no substantial holder, so it is key to have the Directors in control of their own destiny by hold a good substantial amount of the shares on issue. Angus told me that 2008 will be the year for AAR and that he had a very good feeing about the companies prospects in 2008 and resource capabilities. The other reason of course is they must have info on their resourse and about a substantial holder coming in to play this year as that will be what is required for them to become a substantial holder.
kind reg
ang01

 

[chimp]

go AAR go

Recent PR events at AAR seems to demonstrate that AAR has improved greatly in its PR strategy or skills. Shall we look forward to a rerating?

 

[YOUNG_TRADER]

Re: go AAR go

Recent PR events at AAR seems to demonstrate that AAR has improved greatly in its PR strategy or skills. Shall we look forward to a rerating?

Yeah ain't that the truth Chimp, but its such a shame that they didn't move ahead with Mandilla much quicker whilst RMS had the spotlight on the area,

I mean Koongie was always gonna take months and months to complete studies on, in the meantime the company should have in my opinion moved ahead with testing other parts of Mandilla via DEEP RC drilling as well as look at options to extract the exisitng JORC resources contained within the bed rock,


Anyway the fact that due to gold production AAR will produce a 2nd Profitable year following up on last years milestone profit should score it some points

 

[TheAbyss]

Quarterly report coming today including results for Mandilla West. Dont imagine they are spectacular or they would have made a seperate announcement so we shall see. Either way they are now a profitable comapny and are on the way with a few potential company makers in their stable.

 

[kane2001]

Quarterly report coming today including results for Mandilla West. Dont imagine they are spectacular or they would have made a seperate announcement so we shall see. Either way they are now a profitable comapny and are on the way with a few potential company makers in their stable.

Where is the Quarterly report ?
Can't believe it is falling again

 

[TheAbyss]

Still reading the report however it looks pretty good so far imo. 900 m Gold bedrock at Mandilla West, Onedin 60% increase in the copper resource, significant advancement at Koongie.

Still digesting the numbers and hopeful that a few others more skilled at determining the geological data will post.

Report is here http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00838139