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AAR - Astral Resources

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Sorry to be a skeptic, but why would a mining giant like Teck Cominco want to take out a company with a deposit of 250,000 tonnes of recoverable zinc?, futher exploration potential?..wouldn't TNG, TRO, TZN be a better target if they wanted a sizeable target, or even the larger miners like CBH, KZL, PEM. Time will tell i guess.
 
Possibly because earlier this year they (teck/x-strata jv) re-opened the pillara mill not too far up the road from the AAR owned koongie park. It is a zinc/lead mine/mill that has a relatively short mine life and is under utilised and they are currently spending exploration dollars in the region. Koongie is a JORC indicated zinc/lead (copper,silver,gold etc.) resource with further prospectivity.
 
Disregarding the prospect of JVs,Takeovers etc, if AAR chart continues to follow in the footsteps of AUZ then we are in for a re-rating next week. I am amazed at how similar the AAR chart stick close to that of AUZ...normally just a few weeks behind...AUZ recovered well from the Feb 28 correction but AAR has been deliberatly held back IMO(manipulated). I think we will see that being corrected next week. .....
 

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Just like cornflakes, "the simple things in life are often the very best"

Anglo Australian Resources

A simple company, with a simple mission, making money and plenty of it.
 
AAR what a great company.
Gold, Zinc, Uranium, Copper and off to a flyer this morning with over 6 million traded already.
News must be on its way hope its a reserve increase at Mandilla E and not a takeover.
AAR should go it alone they have the management money coming in through Mandilla a major shareholder maybe a good thing tho
 

The chart says it all really. I agree with you Lucky_Country, I would love AAR to do this on their own the sp in 6 months would be excellent.
 

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Where do you think AAR will take a breather Hang Seng or are you waiting on what the news is before taking stock.
Either way I feel AAR can reach 50c within 6 months
 
Lucky_Country said:
Where do you think AAR will take a breather Hang Seng or are you waiting on what the news is before taking stock.
Either way I feel AAR can reach 50c within 6 months
Click to expand...

I think for AAR to be re-rated so quickly we may be about to here something but I am just speculating on that. I don't think this will ease in the short term as AAR is in a far better position now than it was last Oct when it went over .085 on the announcement of Mandilla.

50c in 6 months would be good but I couldn't see this level in reality until Koongie Park is under way.
 
Increased reserves and production at Mandilla acquisition of Nicholson Find Plant entry of a major shareholder or jv partner completion of PFE all could be possible in 6 months.
AAR is already so undervalued it should catch up to where it should be on this run consolidate and await fresh news.
Feel if the stars align we could be pushing 50c IMHO
 

Yes the 50c would be possible, if as you say the stars align. They certainly have all the pieces in place we just need the jigsaw to to be put together so we can see the alignment.
 
Up 17.18% and rising with a very large trade through at .075 on a volume now almost double that of Fridays.

Surely there is something excellent about to be announced with such a metoric rise? Either way as a long term holder it is great to watch.
 
considering there hasnt been an announcement made, whats the main reason for the massive jump in aar? could it be that everyone is just joining the bandwagon or some info has 'leaked' to the market? either way an ASX query could be on the way...my feeling is that the breakout alert put AAR on the map and the sp going towards its tru value..
keep goin up is all i can say
 
Whatevers going on AAR should really be noticed after today and be on the tip of everyones tongue!
I await with interest
 
Lucky_Country said:
Whatevers going on AAR should really be noticed after today and be on the tip of everyones tongue!
I await with interest
Click to expand...

Yes agree entirely, I believe we have something wonderful panning out here. Someone has a lot of money and good information relating to whatever this is, especially to take off on good volume without any news pending at all.

AAR does have a lot of good news to tell and they tend to completely understate this in reports. A low key, no nonsense high performing company. Review closely past reports over the last 18 months there is a lot of excellent information, which is mostly extremely positive.

Fundamentally just plain great value. If this run continues it won't be long and the T/A's will be saying nice things as well.

A thought just to mind. Has Fat Prophets finally placed a buy on AAR? They have had a watch on it now for some time. Does anybody have access to the FP reports?
 
Response too ASXprice query.
Close proximity Ramelius Resources gold strike blamed for price and volume increased.
That combined with the start of drilling at Mandilla e reading between the lines they are sounding very positive !
 
The buy side is building up nicely on AAR. About to go again.

Plus 6 million buyers to plus 1 million sellers
 
TheAbyss said:
The buy side is building up nicely on AAR. About to go again.

Plus 6 million buyers to plus 1 million sellers
Click to expand...

Positive reference to Ramelius, base metals price increase and Koongie Park. Fundamentals my favourite topic. Ramelius only 1.7Km from the Anglo lease and 2Km's from Mandilla. With grades recorded at Ramelius of over 154g/t and Mandilla showing 300g/t in bedrock, we are potentially talking of a gold project of immense scale and profitability. What an excellent way to get a company update, very clever.

With the forecast increase in base metals prices what value could you place on Koongie Park? Clearly in ground value it is in the US$billion plus category for some time.

Seems the speeding ticket has slowed someone down. But will it stop them? Highly unlikely now.
 
Stalemate for the short term. Someone will move sooner or later. lets hope the sellers maintain their stance and the buyers are forced to come up and play.
 
TheAbyss said:
Stalemate for the short term. Someone will move sooner or later. lets hope the sellers maintain their stance and the buyers are forced to come up and play.
Click to expand...

Market down, a few end of day T+ traders and a big game of hide and seek going on now a speeding ticket has been issued.

This won't last long.
 
A couple of days of consolidation then another step up especially if the volume keeps up.
Nothing except news will really make AAr fly but a nice steady upward trend is forming
 
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