AAR - Astral Resources

Trying to day trade on this one after crackaton mentioned it on the AEX board, a bit of a gamble, ill admit. Breakout 2 days ago, price up from 2-3c yesterday.
Anyone know much about this stock?

Bought this one at 3.1 yesterday, got stung, went to 2.7
Some strong buyers going in today. Might continue to run over the next few days.

Let me know how you go...I've had a look at this one, but not too sure at the moment

well, i ended up holding over the weekend. Price didn't reach my stop loss, which was set at 2.6c so i didnt sell. thought a loss was imminent after fridays fall. Market sensitive report came out at 12 today highlighting proposal for 'maximising value of deveopment at company's multi metal Koongie Park project'. they mention record base metal prices bringing this project into play. Still holding this one.

ANGLO AUSTRALIAN RESOURCES NL
MEDIA RELEASE
MONDAY 6 FEBRUARY 2006
RECORD BASE METAL PRICES BRING
KOONGIE PARK INTO PLAY
Anglo Australian Resources NL today announced that it has started investigating options
to maximise the value for early development of the Company’s multi-metal Koongie Park
project in the Kimberley region of Western Australia.
The Company believes that the record base metal prices now being experienced have
brought the project back into play and says it is one of the better currently undeveloped
base metal projects in Australia.
Anglo Australian Resources has held the project since 1989 and exploration has defined
two zinc/copper resources at the Sandiego and Onedine deposits. Anglo now has 100%
control of the project.
Its former joint venture partner, Lachlan Resources NL, carried out extensive resource
definition type drilling and structural interpretations for both deposits. Lachlan estimated
mineralisation at Sandiego as 1.3 million tonnes at 0.6 % copper, 1.3% lead, 9.1% zinc
and 72 g/t silver and 0.34g/t gold in the zinc zone and 0.92m/t at 2.9% copper in the
copper zone.
At Onedin, Lachlan estimated potentially open pittable mineralisation as 1.14m/t copper
at 0.7%, 1.2% lead, 7.0% zinc and 40 g/t silver in the zinc zone and 2.22m/t at 1.2%
copper, 1.7% lead, 2.7% zinc and 38g/t silver in the copper zone.
Anglo Australian said that in 2003 a detailed and independent evaluation of the
economics of underground mining at both deposits found them as only marginal.
Copper and zinc prices have nearly trebled since 2003 and at existing levels it is
potentially one of the better current undeveloped base metal projects in Australia.
Anglo said that a Feasibility Study, initially involving further drilling and metallurgical
testwork, is required as the next step in pursuing development of one or more of the
Koongie Park deposits.
Anglo should generate its first cash flow in the current year from the Mandilla gold
project near Kambalda in Western Australia. The Company is preparing the project,
which has a probable ore reserve of 70,100 tonnes at 7.52g/t gold for 16,960 ounces of
gold, for development and says that the current record gold prices will ensure excellent
profitability.
For further enquiries: Mr John Jones, Chairman, Telephone 08 9481 12

they mention that "cash flow" will be generated this year. Any insight as to when this might be? Im thinking i might hold this one now rather than selling it short term. After a bit of research propects are looking more promising than i initially thought.
Bought at 3.1, holding.
Will sell if goes below 2.6c.
reasonable target?

crackaton said:

good stuff carpet. it's a goer you won't be sorry.

Click to expand...

p.s. thanks for the tip on this one crackaton.

good luck with it carpets...i hope this goes onwards and upwards for u

Koongie Park.
About 110 million lbs Cu @ $2.23/lb
About 200 million lbs Pb @ $0.67/lb
About 800 million lbs Zn @ $1.00/lb

Approx US$1.17billion before gold and silver by products

pos and pog a little down atm

pos and pog a little down atm

i'm still getting used the lingo crackaton...heeeeelp (pretty please)

pog price of gold

pos price of silver

cheers

POS==price of silver
POG==price of gold
POO== Price of oil

carpets said:

bought this one at 3.1 yesterday, got stung, went to 2.7
some strong buyers going in today. Might continue to run over the next few days

Click to expand...

Hi have u looked at EXT carpet?

what do u think

thx

MS

thanks for that team....we even have poo now... a little like this now :fan

michael_selway said:

Hi have u looked at EXT carpet?

what do u think

thx

MS

Click to expand...

yes i have been, kicking myself that i didnt buy at 3c i remember looking at EXT and when it went, i thought, i'll wait and see what happens. No correction and over a month later the thing goes to over 10c. At the time of the run, i was looking at the charts and i told my dad to sell early and take profits, one of the worst bits of trading advice ive ever given. do you think it still has more left?
Im skeptical, however, i am holding aar, which i think is looking pretty weak atm.

carpets said:

yes i have been, kicking myself that i didnt buy at 3c i remember looking at EXT and when it went, i thought, i'll wait and see what happens. No correction and over a month later the thing goes to over 10c. At the time of the run, i was looking at the charts and i told my dad to sell early and take profits, one of the worst bits of trading advice ive ever given. do you think it still has more left?
Im skeptical, however, i am holding aar, which i think is looking pretty weak atm.

Click to expand...

ext was one of the better performers today big volume! gold on the way down off another $8 tonight could be a very good buy around 9

carpets said:

yes i have been, kicking myself that i didnt buy at 3c i remember looking at EXT and when it went, i thought, i'll wait and see what happens. No correction and over a month later the thing goes to over 10c. At the time of the run, i was looking at the charts and i told my dad to sell early and take profits, one of the worst bits of trading advice ive ever given. do you think it still has more left?
Im skeptical, however, i am holding aar, which i think is looking pretty weak atm.

Click to expand...

Its about time you gave tony 2252 some bad trading advice, he been dishing it out to me for years. Now I know where he is getting his advice from i suppose you could put it down to the BALANCE OF PROBABILITY :screwy:

Yes POO seems to be flying all over the place at the moment tiger. lol oh well **** happens

just been using equivolume on my charts lately, thought i'd give it a go on AAR. It incorporates price and volume into the graph. Ive had a go at interpreting the latest trend, i'm open to correction/further interpretation if need be.
As for a prediction? Daryl Guppy says that you can never predict what the market is going to do next, only make judgement based on what action is most probable. In that case, IMO i think the current upward trend is weakening and this one is possible sell... However, i have been wrong before (look at EXT) and my opinion is only based on a technical analysis on 1 chart. further research is definently in order.

Cracka - i was hoping i'd never have to deal with poo again until one day i'm lucky enough to have grandkids.....LOL

I bought in 10 days ago, and will hang on for a touch longer n will see....woe is me