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AAR - Astral Resources

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Well a not too interesting of a day for AAR, a steady flow of sellers kept the prices down today, but there is still quite a good volume going on and still lots of buyers. The price today did continue its down trend for the second day, and it is approaching its support level.

For tomorrow I don't expect much to happen, but having said that, its two predominant rises in the past fortnight or so have been on no news, so who knows, tomorrow could just as well likely shoot up to 10.5c or higher which would make me happy

Still waiting on any announcement from AAR though, any thoughts on when this will be released ? Early June hopefully ?
 
I think todays price movement was due to the price of gold going down overnight, should see it bounce back if the price of gold moves up and yes it all depends on when the announcment is going to happen. OBV is still strong.
kind reg
ang
 
I'm going to include my thoughts of AAR, including my own T/A of it utilizing the elliot wave theory.
Now in my eyes, it would seem as if the elliot wave is in the need to be "redefined", by me, pending the announcements of any news from AAR, which we are all assuming will happen "fairly soon". This news, will have the ability to shoot prices skyward (hopefully!) with many people on here expressing their opinions that it could reach the 20c mark and even up to the 50c mark pending a good announcement. When this becomes the case the elliot T/A will have to be redifined.

The chart directly below (time period 12mnth) shows the beggining of a very bullish wave 3 beginning. From the begining of wave 3, it is already possible to see the fractal elliot wave system forming (which i didnt mark on).

As it is, this elliot wave T/A shows that there is alot more gains in the SP to be had!



The chart below is the 24mnth period. From this data it would seem currently that the elliot 5 wave theory has peaked, and we will now witness the corrective wave, which will see SP in the support range it is currently in with some error either way.
However the MACD has reached positive divergence and there is quite a big divergence between the EMA and the MACD indicating that we havent actually seen the end of the 5th elliot wave!


Remember that pending any anouncements from AAR which are anticipated soon! the system may need tweaking and correcting!

IMO - Exciting times ahead. IMO - We are not at the top of the 5th elliot wave yet, and PLUS - we are waiting on some good ann's.
 

AAR indicated that drilling commenced almost 3 weeks ago at Mandilla. I would expect that results could be released as early as mid to late June. If the 'nearology' in fact becomes a reality we may see some startling results but only time will tell. Also there is still over around 34000t of gold ore to be processed and the grades from this ore are expected to be of a high grade. AAR have been using quite selective and targeted mining techniques to achieve the best results possible.

I wouldn't expect anything from Koongie Park until about September 07. This is the one that I believe will potentially have a very significant effect on the share price.
 
AAR has had a focus on the west Mandilla palaeochannel for sometime, especially in recent times due to the large Ramelius find. I've been trying to find a map of the area which shows both company's pojects, has anyone come across one on the net? I have maps of both individual pojects but can't work out where they join up to each others property. If anyone has any ideas - let me know.

At what stage is Koongie park? They must be close to production by now? Have AAR put out test results for Koongie?

I have put a polite request to AAR for them to update there web site. If others do the same it might push them along a bit faster.

At least an updated website might take our minds off the frustration and anticipation of drill results. I don't know about you lot but the anticipation is more worse than my wifes 24hour labour.
 
It's good too see both you lads still following AAR. Might have taken a small fall the last few days, but the whole market did and some people already sitting on 100% profits are just wanting to sell and at least crystallise some of their profits, and I spose good for them.

Hangseng I thought youd sold up and moved fully to SSC after your daily presence on the AAR thread diminished : Good to see you back here again !

But in the larger scheme of things AAR has very good prospects for a rising SP. I think its just a matter of riding out this small bit of choppyness in AAR and the market in whole.

By the way BUY&SELL, yes that map your speaking of would definitly be good to have a look at to get a perspective, If i do find one, Ill be sure to post it on here.
 

No way do you ever leave a stock alone like AAR.

BUY&SELL, only a 24hr labour My wife was induced and birth didn't occur until 26hours later. My poor wife went through hell and back and it was lucky I was used to having small naps from my service days. I had next to no sleep, was abused constantly by my poor wife and every time I fell asleep I was abused by the midwife. Thats was 23 years ago today.

Am I still married most certainly (and all of the scars to proof it, not really I am very happy). Am I still in AAR? yes and increasing at every opportunity.

Website, well good luck they have stated for a long time now they would rectify this but to no avail.

Koongie isn't close to production it is very close to finalisation of the PFS and has now changed to DFS for process (CPS) testwork and mining. All heading in the right direction and the website will be rectified soon enough, for now they are focussed on making this all happen which I prefer.

SSC is another positive story that I have decided to enter and follow very, very closely. Base metals mining is something I understand so it mitigates my risk by only following what I know and have a means of researching. Everyone has a strategy, this is limiting I know but it is mine and it works for me. SSC is at present still high risk by I think a risk worth taking.

What I can tell you is AAR are in the right location with Mandilla and Koongie Park as are SSC with John Fardy and Peelwood (the other leases are as yet unknown).
 
Are we looking at the next CQT?

What is the total in ground value of this stock?

My only concern is that at old commodity prices the projects were not feasible. But now they are, so it cant be that significant?

Or are we looking at a major deposit here.....

I know all the massive returns have started from this price range, and they just keep heading north. But how to value it...
 

Total inground value just over US$2b at Koongie Park. It was unviable at base metals prices in the early 90's and the resource was about half the current Jorc compliant resource. Zn prices are now 4-5 times what they were when the project was regarded as unviable and the resource is more defined and larger.

Not entirely sure how to accurately assess value but even if you took 10% of the inground value into account, it isn't difficult to work out that AAR is undervalued.
 

You are right on the money on that one CQT took a while to break out of 13.5 cents then 14 cents, however when it did she went to 24 cents and then to 50 cents within a 10 day period. Then stayed in a side way movement for a while until she went to the high 90's. I would thing this should go to at least 30 cents and medium target 50 cents before it consolidates a little. Good comparison Ken. I was using WMT.
kind regards
ang
 
On the 25th of May there was a Dragonfly Doji candlepresent, and after a few black candles and or after a downtrend, a dragonfly doji can indicate a bullish resurgence, as long as the stock isnt overbrought, and AAR isnt according to the RSI.

Refer to ones own candlestick daily graph to see the dragonfly doji.
 
AAR is looking set to make another move, hitting the 9cent barrier on very heavy trade. Not a whole lot of resistance up to 10cents it seems.
 
Ruprect said:
AAR is looking set to make another move, hitting the 9cent barrier on very heavy trade. Not a whole lot of resistance up to 10cents it seems.
Click to expand...
Good volume with a bounce just like a game of poker keep your cards close too your chest.
Looking forward too some positive news and set the foundations for a strong run
 
OK - todays news is that I have spoken to Angus Pilmer, director of AAR. I asked if the commencement of drilling at Mandilla was in responce to the Ramelius find? he said no it was just a coincidence. I asked if they where expecting a Ramelius grade find? he said no, they have NOT found results at that level and they never expected to, but a good result nonetheless with 50,000 oz at a grade he would not tell me, but gave the suggestion of a similar result to grades already found and reported at Mandilla. He said results will come out soon, ie. we will not have to wait as long as the quartaly report in June/july. So should be out soon.

For me the most interesting thing was his excitment about the Dalgaranga project in WA and some news pending on Uranium???? It's no secret about uranium in the area but I got the impression that major good news was coming from this project.

So if we get a result on 50,000oz of gold at Mandilla at an ok grade, what next for the sp?
 
While I dont have much to say in response to your question about where to on the SP, buy and sell, Id like to say thanks for publishing the information you aquired today.

While I beleive that there are other members that would be more suitable in giving their wise opinions on the future of the SP, I think that it can only mean very good things for it.

I was never under the presumption that AAR would follow RMS and go up to $2 or $4 or anything, and I also didnt expect the results would be on par if not higher than RMS, i thnik the majority of AAR holders would agree.

However I did expect them to be good grades none the less, and from your comment above, it seems as if they are, and with some other possible good news on U3O8 as well.

Looks as if an announcement isnt too far off the mark then. I can definitly see the SP going up though.
 
looks like the sp has found support at 0.082 from earlier highs. with some results due soon we should see some movement in sp (upwards of course)
there has been some large accumalations at these levels over the past couple of days, yesterday someone bought 1mill shares from 0.084-0.087
 

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Anglo having a big run this morning up 0.8c atm and reached a high of 9.3c now back at 9.2c..

Just shows that there are alot of people watching AAR and ready to pounce. Good things coming for AAR !
 
Volume just went very high very quickly back up to 9.1 , Buyers 600,000 shares at 9.1 1333000 at 9 must be some good rumours coming from some where?
 
mark70920 said:
Volume just went very high very quickly back up to 9.1 , Buyers 600,000 shares at 9.1 1333000 at 9 must be some good rumours coming from some where?
Click to expand...

Do you think they read ASF? and like the bit of news on uranium? I still stick with my news yd that Angus was more excited about the uranium project then all others, even koongie. Even uranium exploration comps that haven't found the stuff trade at a high rate. Just a sniff of Uranium makes the market wild.
 
It's like freakin catnip for cats !

I think the run is over for the mean time, and with this, another run to get rid of sellers who want to take pofits meaning less resistance in the future!

I can only think of one way for AAR !
 
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