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AAR - Astral Resources

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YT, it seems until the PFS provides some positive direction it seems the sp will drift. The Koongie testwork is critical and with all I have now learnt I am convinced it will be positive utilising the CPS process but updates will be required.

My feelings on AAR are well known but I concede that fundamentals alone won't be enough short term, as good as they are. As I am constantly reminded, the market is always right.

I wait patiently and I also have one eye on the market again, as it seems others do.
 
Guys, good news on KP will do it for AAR but until then it will be like a see saw up and down.

Some more patience required here and it will pay off big time.
 
Great thread, very interesting input. Good learning opp. for me, thanks... I'll be getting some more while the price is lower and they still have substantial stock for sale at these prices...
 
My view is that people can only hold so many spec stocks and at the moment there are quite a few opportunities presenting themselves I for one was tempted to part with some AAR to grab a few others however chose not to. Either way AAR will bounce back.
 
I have used this opportunity to top up again as I strongly beleive it's going to push past it's previous resistance levels - just a matter of when.

I would rather be in this stock and waiting then not be in it when it runs.

Has tested 13c twice now, this next run could well see it push past and beyond and find new support levels.
 
Yes, I have topped up a bit yesterday (perhaps should have waited bit longer as it broke the 9c threshold). It's sad to see the red on the balance sheet, but looking at the historical behaviour of AAR holders, as Hangseng pointed out - not for a faint heart.

Hangseng, what do you mean that again you have an eye on the market. Do you sense some sort of smell of blood there?? care to share what your intuition is telling you?
 

mate, its pushed up a few times this past year, but each time, even after pushing past resistance levels, it keeps falling back down shortly after.... havent seen this happen on any other stocks ive held
 
I would hold off on the topping up. Support is at 8c and i think that would be a safe place if you want to buy some more. But for now, just waiting...
 
I'm new to trading but something is weird with this stock today. someone is buying one share per trade to keep bumping up the price.
 

Intuition is telling me a pullback is imminent. This is a bull market no question but I have the feeling it has run to hard too fast and is now indicating overbought. Lets see if I am right I picked the last time perfectly, can I do it again?

There will be some blood letting.
 

Hangseng,

Are you saying 8cents is not going to hold? There would have to be compelling reasons for me not to pick some up at that price. Lets see how it goes, and where.

Cheers...
 
It's Snake Pliskin said:
Hangseng,

Are you saying 8cents is not going to hold? There would have to be compelling reasons for me not to pick some up at that price. Lets see how it goes, and where.

Cheers...
Click to expand...

I didn't say 8 wouldn't hold with AAR, I just think there will be a pullback. I just don't think now that AAR will move much until the PFS for Koongie Park. That may mean it may drift a little until then.

The way the market is specs will get hit on any pullback, as occurred in August and every other time. It will bounce back but people as usual will panic.

Of course I could have this all wrong and the gut feeling I have is just indigestion from too much spaghetti and meat balls. I just don't think so, writing is on the wall.
 

I know you didn't. Spaghetti sounds nice. Red wine too? Thanks for the posts and insights.

Cheers..
 
It's Snake Pliskin said:
I know you didn't. Spaghetti sounds nice. Red wine too? Thanks for the posts and insights.

Cheers..
Click to expand...

Yes there was a nice red as well, plenty of red on the bourse last night to. Spent the most of the night trading the GPB/USD and did quite well for once.

And well well well, look what happened next. The US didn't let me down last night, over 100pts up then dropped like a stone to be 100pts down. Someone saw the writing on the wall.

Interesting times indeed and maybe my gut was right, let's see.
 
Enjoying a drop of red too...:
Just wondering if AAR is suffering the October blues or is this now expected behaviour due to current climate?
A little surprising given their maiden profit and pot of gold to travel to market with...
 
This one is certainly heating up today. Another YT pick. Anyone know anything. Might be an idea for yours truly to top up.
 
yeah, surprised that it moved up so much today.
Will expect some upside mac d looks like its setup to move up. :
 
I have noticed clear support for AAR and resilience despite the market condition. I have changed my view completely now on the short term outlook for AAR.

Quarterly report out shortly and the gold is being processed as we speak. POG won't do the SP of AAR any harm at all. Going by previous AAR reports the testwork results are due anytime now. Should also be hearing of the Mandilla bedrock drilling program and an update on Victoria Plains and Dalgaranga. Lots to come from this cashed up company.

Could this finally be time? I have taken advantage of the latest dip and increased my position and will continue to do so now on any further dips as they occur.

Gekko I think you will find others identified AAR quite a time prior to YT.
 
I have to confess AAR has been the stock that has brought the highest profit to my poor portfolio (embarrassed to say) thanks to Hangseng's strong support as early as April.

Luckily I topped up some when it reached 8.8c however I've not taken any profits as I'm still expecting a higher return. I don't understand much of the fundamental stuff but technically the longer the bottom is formed the higher it will climb - keep fingures cross.
 
AAR performs very well in the recent days, especially on the day before yesterday, despite the negative market conditions. It holds very well, even went up a little bit. It is interesting to see whether it can break 11c to reestablish its up trend.
I will in when the up trend is established.
 
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