AAR - Astral Resources

[aaronphetamine]

Well I had a good day today told comsec to seel at 0.100 and i was out all day so it was really heartening to see that when I got home it was back down to the days opening price and i had a nice profit.

I think I'll let it cool for a few days then consider buying back. I think that this stock will shoot up again once the ann is released.

 

[hangseng]

So, where to from here? Quite an enjoyable run but will it now settle down or will it go again. End of day trading was interesting I'm not sure what to make of all that. Any views?

 

[UPKA]

ppl r buying up be4 close, prob knowing that an ann will come out real soon, may be even rite after the close, thus the surge in price in teh last hr

 

[BUY&SELL]

So, where to from here? Quite an enjoyable run but will it now settle down or will it go again. End of day trading was interesting I'm not sure what to make of all that. Any views?

I think because today held up well, without a big sell off, we will see a sideways movement over next weeks trading. Maybe down a little (no lower then 0.081?) People havr brought in because of pending news.

Hangseng - I was looking at RMS announcements and it was mid December when they started drilling area of interest and announcement didn't come until May (partly due to back log of lab testing) so do you think it could be october for drill results? Even so prices I think will hold up above pre 16th prices.

 

[hangseng]

I think because today held up well, without a big sell off, we will see a sideways movement over next weeks trading. Maybe down a little (no lower then 0.081?) People havr brought in because of pending news.

Hangseng - I was looking at RMS announcements and it was mid December when they started drilling area of interest and announcement didn't come until May (partly due to back log of lab testing) so do you think it could be october for drill results? Even so prices I think will hold up above pre 16th prices.

I think you will find the first results commenced in the Feb07 announcement. The thing is though, the sp will go up in advance of the results for a very simple reason, others will know before we do. The lowest I see the sp going now is .08 (or maybe to .078) which is now a support level. I am ignoring the attempt at raising the sp near close today in any analysis as it gives a false impression. It created a positive looking rising candle trend where as in reality it wasn't.

I to see more sideways movement until some form of news comes out.

If this next announcement is from AAR and not the ASX, expect AAR to break into the 11 level. I doubt it will pass there unless some other reason for the announcement than Mandilla or until the PFS is announced on the affirmative. With this we will see AAR into 15-20.

 

[mark70920]

Good voume again today , hit 9.8 now trading at 9.3 and its appears it will stay around this level for the time being. Seems to be alot of confidence about this company annoucing something soon , the sooner the better.

 

[jtb]

Somebodies buying in 500K parcels
Either theres some big gamblers coming in or somethings up?
Looking to accumulate but the price keeps taking off again

 

[Ruprect]

Somebodies buying in 500K parcels
Either theres some big gamblers coming in or somethings up?
Looking to accumulate but the price keeps taking off again

Yep, 10 million traded in last 10 mins. Not bad. Pushing 10.5 cents, which is the next big test. Get into the teens and anything is possible.

 

[vert]

this is getting very hot, a buy of 2 mil just went through, must say i was lucky to accumulate some more this am

 

[disarray]

looking at market depth there is 30+ million shares waiting to be sold at 10.5 and 50+ million at 11. going to be tough to break through that.

 

[Ruprect]

looking at market depth there is 30+ million shares waiting to be sold at 10.5 and 50+ million at 11. going to be tough to break through that.

30 and 50million?

Im only seeing 2.5mil at 10.5c and 2.7 mil at 11c. Post that im seeing about 10 mil in total at 15c or under.

I wont predict that it will break through the 11c, but if someone wants AAR, then the trades like the 10million traded in 10 mins would take them out pretty quickly.

 

[vert]

you might want to have another look at the market depth disaray, not in the tens of millions ..................................

 

[disarray]

sorry i'm still pretty new so am obviously misunderstanding market depth. i see 2.3 million shares at 10.5 cents and 17 orders. so isn't that 17 people wanting to sell 2.3 million shares at 10.5c? or is it 17 people wanting to sell shares to the total value of 2.3 million?

 

[vert]

the later is correct 17 people for a total of 2.3..................................................................

 

[disarray]

right. sorry at least that lets me reevalutate my watchlist. learning from mistakes is all well and good, but it is always preferable to not do it in public.

 

[Ruprect]

No stress at all dissaray. Thats the beauty of this forum, gives a great education for all of us.

I wont call it support just yet, but good buy orders from 9.8c upwards to 10c, over 4.5million.

 

[aaronphetamine]

AAR closing up 18% on no news was surprising. I didnt really anticipate that at all. I thought it would remain in the 0.082-0.092 range for the rest of this week.
I think that tomorrow the price will be in the range of 0.097-0.110 as there seems to be quite alot of volume still.

 

[hangseng]

AAR closing up 18% on no news was surprising. I didnt really anticipate that at all. I thought it would remain in the 0.082-0.092 range for the rest of this week.
I think that tomorrow the price will be in the range of 0.097-0.110 as there seems to be quite alot of volume still.

I thought the same, very surprising it is still running on no news at all. Having said that, I would like to think that AAR is being re-rated on the fundamentals. Which at $50m Mkt Cap is still excellent, considering it has two fantastic projects in Koongie Park and Mandilla.

Maybe the anticipation of the Mandilla drilling near Ramelius is causing this. If so the results better as good as expected or it may come right back again to the 8's. I think we can safely say now the 6's and 7's are gone.

 

[hangseng]

Looking at the rising trading pattern over the last week and what may be coming out of Mandilla I think we can say goodbye to 8's completely now and very soon the 9's. Another $10 million to be in the bank very soon so we can expect the Mandilla bedrock drilling to progress rapidly in readiness for early development of Koongie Park.

Finally AAR has arrived and extremely exciting times ahead.

As someone stated previously when I was disappointed fundamentals were ignored, the market is always right.

 

[aaronphetamine]

Yes Hangseng I agree with your opinions fully, today was a very good consolidation day, just coudlnt get over that 10c mark but not to worry, its only a matter of time in my opinion. I wished I had picked up another small parcel today at the days low of 9.3c but oh well not to worry.

I think perhaps that tomorrow might be a not too special day either, much the same as today I think.

There are alot of sellers at the 10c and up mark, obviously look to be profit takers and why blame them, no doubt they have already had a pretty stellar ride.