Australian (ASX) Stock Market Forum

AAR - Astral Resources

G'Day mate, I beleive people who have posted here and have had talkings on the phone or via email (cant remember) said AAR was now looking at Uranium as well as gold.. Might just have a scroll back through some pages to check that out.

What does that mean?? What are you trying to say as I don't understand your question? Do you know something we don't??
kind reg
ang
 
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.

As quoted from BUY&SELL.
 
there is a strong build up of sell orders today, dunno if the 10c resistance can hold against the sellers, i think alot of ppl r running out of patience. if it goes below the 10c, i would be thinking to get some more. chances r, AAR will prob hit a good if not high grade result in Mandilla.
 
I must say there is some great info on this thread.

Thanks to aaronphetamine and Ang.

I am looking forward to the results and expect they should be out soon as per aaronphetamine recent comments.

LOL
 
Ok so about todays trading on AAR, Ive got a few things to discuss and would like to hear others thoughts etc..

Firstly; the sell side is looking thin to 13c, excusing the immediate 11.5c mark, which in all honesty isnt that big really either. And to add on top of that the sell side is looking pretty dense, also excusing the 11c mark - Only in myu opinion becuase all the people buying at 11c are being brought. Which is good news for people still jumping on AAR at these new cheaper prices.

Secondly and now ill revert back to the technical analysis side of things, is that for the last two days of trade there has been a doji, and if you arent sure what one looks like then just open up a candlestick daily chart for AAR and there will be two there for today and yesterday. Now a doji means that there is indescision in the stock.. the buyers are buying and the sellers are selling leaving it equal.. the bulls or bears cant establish them selves, now depending on the trend of a stock a doji usually means there will be a reversal (USUALLY - a look at any stock shows that there are many doji's in up and downtrends)

the SP of AAR has been coming down since last week and is now 2.5c down from its maximum, so it seems that we are in a minor downtrend, which the MACD tends to argree with. but these last two dojis are jumping out saying "NO NO we arent in a downtrend any more - infact we are lost.. we dotn know where we are... we need some help to make us decide what to do" haha.. which is what the share holders have been doing.. not letting the price go below 11c on close.. and providing alot of buyer support to counteract all the sellers taking profits on the back of last weeks highs. for the past two days the sell sidehas been and lets face it - quite big... but the buyers have been thee snapping up all the bargains to be had. and it seems now as if the buyers have won.. the sell side is looking thin. so i think tomorrow could be interesting.

Thirdly - the relative strength indicator is looking good.. heading down from being overbrought, into over sold which is good news for a gain in SP

And finally just that the buyers have been able to hold off all the sellers, therefore exhausting the sellers which is evident now.


What do i think - That the SP WILL rise tomorrow - if we can break through this ****ty little bit of crappy resistance at the 11.5c level - which is only 1.5mill shares which isnt hardly anything at all.. and ive brought in at 11.5 and its still quite cheap if you were to sell off at 13c there is some good profits to be had just like that... :p

thoughts ????
Do you like what aaron has said ? Is aaron just talking out of his **** ??
 
Hey Aaron, interesting to read the above post, I dont know anything about charts, mainly buying on fundermentals. From what I can see is that the sellers have decided to move to the higher ground today, bt the trade volume has been low lately, and price movement has been flat. which is not bad compared to when we were trying to break the 10c range, the SP fluctuated btw high 9s to the mid 8s.

what really puzzled me is why the market suddently spiked up on no annoucements, from the 6s to now 10c, i dont think we'll see anymore price movement till the company releases something! for some reason i dont think we'll see any till the Quaterly report.
 
Mmmm good points UPKA and that was going to be another point of mine which i forgot to put in, about the SP remaining flat line, when after the last few surges in the past few weeks its dropped back.

Well when i say flat line i mean that it seems to be content with sitting between 10.5 and 11.5, mainly at 11c static.

Speaking of announcements UPKA, do you or anyone else know when one is due? I dont want to sound like the whiny forumer guy who all he does is ask ask ask when there is an ann coming out, haha but seriously, does any one know ? I remember reading a quarterly activites report around june/july, but I was meaning an ann about maybe gold prospects from drilling on the back of the RMS gold find ?.. Maybe I should email AAR.

UPKA, while I think youve got a really good point about big % price jumps on AAR being cooled off until there is an ann.. Id like to think that there are more to come(SP jumps), especially as time goes on and the time to an ann coming out get s shorter and shorter lol.

This is pure speculation on my behalf but I definitly think there will be another jump to the 13-13.5c mark soon. :p:

Id feel like crap if i was to sell out one day and then before I could buy back in there was a great ann and the SP went through the roof.


PS- Hangseng hows it going mate ? Havent heard from you for a while!
 
I think all is well and good with the present sp. It's moving in a classic formation. You can look at it in the following way:-

21/5 0.10c
consolidation over 7days-17%
28/5 0.083c


01/6 0.10c
consolidation over 5 days-8%
06/6 0.092c


14/6 0.13c
consolidation over 6days-15% (so far)
20/6 0.11c

So it should be about ready for it's next leg up this week IMO. The thing is AAR has now been re-rated and so many people have jumped on , some for sort term gains and most I think because IMO it's got fantastic prospects from now and well into the next few years; and if the've only found out about it because of RMS, then all well and good- so be it!
 
aaron i have a parcel already and have been pretty keen to double up before the next announcement. at the end of today i thought along the same lines as you that it looks like the sellers are thinning out, its been hard to watch while on dayshift but i am of the same opinion that the sp will rise tomorrow or friday in anticipation of an annoucement, i will be buying more tomorrow and waiting for ann, let us know how you go with your email.

cheers
 
SP just went up 12% in the last 30 minutes, wonder if news is coming and the people in the know are buying, or are people just buying at these cheap prices.

Spartn

:viking:
 
good call Aaron, its a shame i placed my sell order a bit too high, now gotta line up at 12.5c! funny stock this one, once in a while it gets a big of a mood swing, then a pull back! i guess now its in a better mood! :rolleyes:
 
Yeah a nice little gain with not alot of volume.
Only 9+ million. See what happens Friday. Man i wish i had some available funds right now, bang it into AAR.
:D:D
 
Snaped up 200,000 ontop of my 200,000 this morning averaging my price to 10 cents. This should see new highs tommorow as the FIBO's are working overtime. As to the 5th Fibo formation being the last, it will all depend if we see an announcement sometime soon. I might just have enoghfor another deposit on that house, once I am finished with this little baby.
Kind regards
Ang:2twocents
 
Just so much happening at AAR right now !
Mandilla , Koongie Park, Dalangara, Victoria Downs, and still a very profitable company what more could you ask for
 
It was a good day boys, like was predicted by some people here, including myself :)

Ang, I like your analysis there good work on that one and I cant wait for it to eventuate!

I really wish I could have commentated on the days happenings as they were happening, but alas i couldnt.. here i am now though.

Very good day overall, and I think tomorrow we will see 13.5c and most probably higher. only a small lot of 1.5m sell orders at 12.5 stopping AAR from hitting a now sort of resistance at 13c...The 13c barrier has gotten smaller over the last few days though, from around 3.5mill to around 2.5mill sell orders, I do beleive that will remain static if not drop tomorrow when AAR continues to eat away at the 12.5c mark. Im also very happy to see so many buy orders over the 1mill mark.. very encouraging and i definitly think after these announcements come out everyone will wish they could have put every penny into AAR at such cheap prices.

Going from my elliot wave analysis it seems as though AAR is now in the uptrend of possibly the wave 5, which will see prices rise to over 14c - most likely 14.5-16.5c in the next few days and possibly even higher.

And as others have said.. yes AAR - great fundamentals and prospects and look no matter how I look at it.. the mandilla prospect is going to have a crap load of gold at high grades.. whether of not it is as high grade as RMS or not

Aaron.
 
It was a good day boys, like was predicted by some people here, including myself :)

Ang, I like your analysis there good work on that one and I cant wait for it to eventuate!

I really wish I could have commentated on the days happenings as they were happening, but alas i couldnt.. here i am now though.

Very good day overall, and I think tomorrow we will see 13.5c and most probably higher. only a small lot of 1.5m sell orders at 12.5 stopping AAR from hitting a now sort of resistance at 13c...The 13c barrier has gotten smaller over the last few days though, from around 3.5mill to around 2.5mill sell orders, I do beleive that will remain static if not drop tomorrow when AAR continues to eat away at the 12.5c mark. Im also very happy to see so many buy orders over the 1mill mark.. very encouraging and i definitly think after these announcements come out everyone will wish they could have put every penny into AAR at such cheap prices.

Going from my elliot wave analysis it seems as though AAR is now in the uptrend of possibly the wave 5, which will see prices rise to over 14c - most likely 14.5-16.5c in the next few days and possibly even higher.

And as others have said.. yes AAR - great fundamentals and prospects and look no matter how I look at it.. the mandilla prospect is going to have a crap load of gold at high grades.. whether of not it is as high grade as RMS or not

Aaron.
Thanks Aaron,
I lke your analysis if the day activities, as I am not so lucky to be able to do that I think it is important to understand that we understand that large buyers are buying up. I have the same target of 16.5 cents, The question is if they have Uranium, the sky will be the limit. If it is only gold then 16.5 cents.
kind regards
Ang
 
Yes thats right angelo but i think we should make it clear to everyone about what you mean when you say if there is uranium then skies the limit, but if only gold then 16.5c.. I think that some people might be thinking from that, that 16.5c is the max the stock price will ever get.. but ofcourse you only mean in the very imminent future.

Even if it is only gold (which condtradicts what BUY&SELL has heard straight from the MD) then the SP will still rise a crap load, but obviously not all at once.

Im glad to see that you and I both seem to have the same imminent price levels the same, its good becuase we have both used vastly different T/A to come up with this.

Heres to a good Friday!
 
Yes thats right angelo but i think we should make it clear to everyone about what you mean when you say if there is uranium then skies the limit, but if only gold then 16.5c.. I think that some people might be thinking from that, that 16.5c is the max the stock price will ever get.. but ofcourse you only mean in the very imminent future.

Even if it is only gold (which condtradicts what BUY&SELL has heard straight from the MD) then the SP will still rise a crap load, but obviously not all at once.

Im glad to see that you and I both seem to have the same imminent price levels the same, its good becuase we have both used vastly different T/A to come up with this.

Heres to a good Friday!
Yes you are correct It is intersting that the different type of technical analysis provide for the same targets. Sorry about the confusion, I did mean shart term and agree with you that the long term price is not limited at 16.5 c
Happy Good Friday Everyboy
knod reg
ang
 
Holding well announcement shouldn't be that far away, with most stock down it looks like this one is happy to st arrond 12 to 12.5 cents with some large orders going through. Wouldn't be surprised if it tests the 13 cents at close today.
kind regards
ang
 
Mm yeah it did hold well today, very low volume traded though which suggests that people didnt want to buy or sell much.. Seems like some consolidation happening, Good to see a 12c buy side build a little again
 
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