AAR - Astral Resources

[UPKA]

Theres a suddent surge in volume and price js now, something leaked out again?? why are there so many insider tradings!!! not fair!

 

[Fool]

Who knows.....

They need to make a bloody announcement or the SP will drop back.

If it's insider trading, then you can bet they have already struck gold.

 

[Lucky_Country]

Would be nice too know just going too enjoy the ride im confident.
I think we should be fairly positive with what we already now and hope the results are not too far away

 

[Ruprect]

It is a nice ride. Im patient to wait it out. Hangseng's reports are right on the money IMO.

Just had a buy order of 1million go through at .081.

 

[Fool]

31mil traded so far.

Great volume.

I can see 85c by close if this continues, sellers are drying up and it can only force the price upwards.

Let's hope there is a decent announcement to push it up even further.

I won't be happy til it hits at least 50c, and if they have similar reserves to RMS, then 50c is an understatement surely ?

 

[UPKA]

I won't be happy til it hits at least 50c, and if they have similar reserves to RMS, then 50c is an understatement surely ?

I was thinking the same thing, if they do hit one like RMS we can all sit back n watch the rocket fly!

 

[Fool]

One large punter could see these to 10c very easily.

They will be on most people's radars by now, wouldn't be surprised to see it hit 8.5 very soon.

It's so close.

0.083 789,000 4
0.084 455,000 5
0.085 1,209,267 7

Once it breaks through that 8.5 it will push hard.

Tomorrow morning will be very interesting, especially if they release an announcement

Can't wait !!

 

[UPKA]

Wat worries me is that there r as many sellers as there r buyers. So if ppl r really that confident in the report, then there shouldnt be this many sellers at all.

 

[Fool]

There are people who got in at least 5c yeah ?

Maybe cheaper (I don't have any info in front of me).

But based on 5.5c buy price.... you are talking about 54% increase in SP in a matter of like 2 weeks.

I would say there are many people who are happy with that sort of gain and willing to sell to move on to other stock.

So not that big a deal really is it?

 

[aaronphetamine]

Will AAR be hit with a speeding ticket following todays trading without any good reasoning ?
If so we could possibly see a pull back tomorrow and then days on consolidation like the previous jump in early may ?
Ofcourse if there is an announcement then all that will change.

Is AAR due to release an announcement soon ? or are you fellow ASF forumers just hoping that they do ?
Aaron.

 

[Fool]

They commenced drilling close to RMS (40c --> 2.2 in the matter of a week or something).... so I am guessing

a) People jumping on board speculating

b) Some preliminary news from the drill which is confident, and that news being leaked out and people jumping on board.

I didn't think an announcement would be released for at least another 2 or 3 weeks, but I don't know.

I am definetly holding them tight, it's not worth selling at the moment.

It does amaze me that people would sell but like I said before, 54% gain in a few weeks is nothing to sneeze at ?

 

[Ruprect]

They started drilling last week at mandilla - so its just a matter of time as to when those results are released. I dont know if they can turn some initial results around that quickly, but we shall see. I think the sell side is tiny, and much of the movement has started with very big buy orders off screen.

It might get pulled back by a speeding ticket, but as with last weeks query, it gave them an opportunity to refresh the market with what they were doing at mandilla.

I think AAR is highly undervalued, if mandilla is good, its sure to rocket. RMS is now trading at over $2, and they dont have a Koongie Park as far as i know.

 

[UPKA]

And if the market does pull back on the speeding ticket, prob another chance to jump in for more? i think ppl start to realise how close AAR is to RMS, and is planning to gamble on AAR seeing the performance of RMS.

 

[Ruprect]

pre after close, .088, and there is now one buy order for 1million shares at .089. And extremely limited sellers. Very Interesting.

 

[Fool]

0.090 636,267 8
0.091 300,000 2
0.092 107,247 2
0.095 100,010 2
0.096 117,000 1
0.097 50,000 1
0.098 73,078 1
0.099 212,000 4
0.100 219,628 4
0.105 950,000 4

I am calling 10c tomorrow......

It will either break through or it won't, if it doesn't I can't see it dropping below 8.5c after today's action.

Very good news. Fingers crossed for the drill results !

 

[TheAbyss]

On the RMS Wattle Dam site, what are the chances of this extending the 1.7Km to Mandilla?

I have no Geo education and was wondering if there are some known geo facts that preclude or support a potential link to the Wattle Dam results.

 

[BUY&SELL]

On the RMS Wattle Dam site, what are the chances of this extending the 1.7Km to Mandilla?

I have no Geo education and was wondering if there are some known geo facts that preclude or support a potential link to the Wattle Dam results.

Some gold fault lines run hundreds of KM's, Tanami region in Northern T is about 300km long with mining at many different spots along the fault line. But the gold is found at different levels. I think AAR and RMS is in basic language a wave formation not far below the surface. Which is great news as it is unlikely rms deposits stop at the gates of aar. Other gold formations run down in thin lines to very deep depths, this is not as I understand aar's /rms's gold formation is found. So I would very optimistic for the same result as rms, but it may take more than just one drill to target the good stuff.
I'd luv to hear from Hangseng for his coms on todays action

 

[UPKA]

I think the next big question is how AAR gonna explain to ASX wat happened today, if they do give an estimate of the next annoucement date, then we'll see the price keep on moving north. if they have no explaination, then possible breather. where's hangseng when u need him

 

[hangseng]

I think the next big question is how AAR gonna explain to ASX wat happened today, if they do give an estimate of the next annoucement date, then we'll see the price keep on moving north. if they have no explaination, then possible breather. where's hangseng when u need him

Well what a day I must say. Explanations, well I have none whatsoever, good to see though. AAR is now trading at a long term high. This would be the largest positive candle I have ever seen on any stock I have held.

If this can be sustained then you will see high 9's tomorrow, although the only word of caution, if you are trading. Ths is a very large spike and is indicating over bought on the RSI. This will require something to come out formally to be sustained. This trading pattern is very similar to the last stellar run of AAR 26/9/2006 and into October, also on no announcement until it finally came.

Slow post time for me, I have really said about all I can about the fundamentals and prospects of AAR. Great company to be in, don't you think.

 

[kyrondgm]

I'm enjoying this run too but without an announcement to support it people are gonna start to realise that its not sustainable...the response to the ASX query is almost identical to the original response to query last week...