AAR - Astral Resources
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thought i'd add my chart here. i'm by no means an expert but it has been a fun stock to play with recently. i've got a parcel for holding and a parcel for play and have been trading it for a few months now.
the recent chart has shown strong support at 7.7 and 8.9 since the correction, and you can see the consistency with which it is supported. so plenty of people are interested in it and its sound fundamentals lend a great deal of weight to this support. this strong floor made trend lining easy and pointed out the most likely breaks which i went ahead and made some money from.
this is a solid, pretty low risk spec play so it is attractive to higher risk investors, and as such medium/long-term money will continue to be attracted toward it. the sellers look like they are getting tired but todays buy looks a bit thin so we have to wait till buyers come back in. 10.5 - 11c is also still sitting there as a wall but good news and a serious buyer or two could swallow that. finally if there are any residual holders left over at 13 or 14c who got caught up in the pre-august exuberance they'd be mad to bail out even just as blue sky is showing.
i wish success to the rest of you AAR holders
the recent chart has shown strong support at 7.7 and 8.9 since the correction, and you can see the consistency with which it is supported. so plenty of people are interested in it and its sound fundamentals lend a great deal of weight to this support. this strong floor made trend lining easy and pointed out the most likely breaks which i went ahead and made some money from.
this is a solid, pretty low risk spec play so it is attractive to higher risk investors, and as such medium/long-term money will continue to be attracted toward it. the sellers look like they are getting tired but todays buy looks a bit thin so we have to wait till buyers come back in. 10.5 - 11c is also still sitting there as a wall but good news and a serious buyer or two could swallow that. finally if there are any residual holders left over at 13 or 14c who got caught up in the pre-august exuberance they'd be mad to bail out even just as blue sky is showing.
i wish success to the rest of you AAR holders
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13.5 was the highest before august so blue sky is around there. i don't think selling pressure will come from those levels, rather it will the people who accumulated at the support floors who can keep offselling the highs and buying back in at the lows, but that is a different type of resistance to what you would see on an chart with older resistance baggage.
I watched this one trade closely today. Trading closely indexed the indicies. Up very strongly on high volume, then down to 9.3 as some day-traders exited as futures began to fall. All in all, a good day though. The strong close proves that this stock always finds support at these levels. It should easily move back up to 10c. At 10c, an announcement (and there should be 2 within days) should provide sufficient momentum for 11c to be cleared.
My interpretation is a little bit different from you. Huge volume and close weak,
which means it is going to have a bad day tomorrow for aar. It also means a good opportunity to accumulate at low 9c tomorrow, if you see its fundamental side. It has made 10.2M from 35000 ton gold ore in the first half year, and another 50000 ton gold ore is in processing, with current gold price above $700, I expect it will make another 15m at least from this 50k ton gold ore. for a 47m market cap company and at least 25m gold or cash on hand, There is nothing much to lose.
My order at 9.1c and have good chance be filled tomorrow.
Sean K
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Why is that Kay?
Momentum
Volume
Indicators
Ann due
W2 complete
Need to provide some analysis here to support sp movement projections.
Cheers, kennas
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I am wondering at the age of all the principals whether they will still be around to see 0.10 ???
Good story though - first nett profit after 21 years!!!
Good story though - first nett profit after 21 years!!!
"My interpretation is a little bit different from you." My interpretarion is a little bit different from you too.
"Huge volume and close weak, which means it is going to have a bad day tomorrow for aar." That didnt happen. Every stock fell on Wed. You must remember that. It was general, once-off fall. High volume up/low volume down also far outweighs low volume up/high volume down imo.
"It also means a good opportunity to accumulate at low 9c tomorrow, if you see its fundamental side." "My order at 9.1c and have good chance be filled tomorrow." Good luck getting filled.
What do the techies think of the chart.
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the following is all conjecture and just my own amateur attempts to look at the other people playing the AAR game.
.093 is the new accumulation floor. you see the action on wednesday where the 0.89 accumulators offloaded from .105 all the way down to the new floor where they had to start accumulating again. there's no point pushing it down further or they have to sacrifice reserves from the earlier 0.77 accumulation.
once the price hits 10c then it jumps in .5c increments which is a much larger per tick profit than previously. so if i had a large amount of someone elses money to play with i'd be interested in keeping it sub 10 as long as possible so i could accumulate everyone elses shares who get pissed off with the sideways movement.
joules once did a few really good posts on this game but he deleted them which was a damn shame. but the good thing is that the august correction really wiped a lot of this sort of nonsense out of the sharemarket so price action has been kind of a "clean slate" since then, so you get a much cleaner picture of the money trail.
.093 is the new accumulation floor. you see the action on wednesday where the 0.89 accumulators offloaded from .105 all the way down to the new floor where they had to start accumulating again. there's no point pushing it down further or they have to sacrifice reserves from the earlier 0.77 accumulation.
once the price hits 10c then it jumps in .5c increments which is a much larger per tick profit than previously. so if i had a large amount of someone elses money to play with i'd be interested in keeping it sub 10 as long as possible so i could accumulate everyone elses shares who get pissed off with the sideways movement.
joules once did a few really good posts on this game but he deleted them which was a damn shame. but the good thing is that the august correction really wiped a lot of this sort of nonsense out of the sharemarket so price action has been kind of a "clean slate" since then, so you get a much cleaner picture of the money trail.
Scuba
Don't f*#% around, buy a round
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The above was from post #585 (24th-October-2007, 06:01 PM)...
I know it was only 5 days ago, but I wonder what you were alluding to... Can you elaborate, or am I asking too much?
Regards,
Dave
I believe he is alluding to the quarterly report?
It is due today and I am assuming because it has not been released yet that there will be nothing new in it.
Won't know until it is released though obviously.
As with their previous quaterly reports it wont be released till after trade between 5 and 6pm. More than likely nothing new in it.
It is out now.
Havn't had a chance to take it in, but I can't see anything new there.
None the less, nothing negative and if anything, we are maybe 6 weeks away from some significant news regarding KP.
Anyone else see anything of significance in there?
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Anything significant? You bet
As I have said lets break it up
Past
$5.5m Net Profit from $10.2m Revenue from 12koz's Gold from 33kt's ore
Present
Treating 51kt's of ore avg grade 5.44g/t Au = 9.5koz's Au @ $830oz/au should = $8m Revenue = another $4m profit
Future
NEW JORC 356kt's@3.04g/t Au= 35koz's Au @ $800oz
should = $28m cash flow which could = $15m-$20m profit
This new jorc is huge as it porvides for another $28m in cash flow to add to the $8m from current operations and the $3m at bank
All up the company should have $30m in the bank from these gold operations
You have to ask yourself, what if theres more gold in them there hills? remember as I have said all along Mandilla is adjacent to RMS's Bonaza Wattle Dam deposit
And we haven't even updated Koongie yet
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Guys I made a mistake, the head grade I am using for "present" while correct is not reflective of total gold as the company has said theres 12koz to be processed in last few ann's, So I've adjusted my figures accordingly
Past
$5.5m Net Profit from $10.2m Revenue from 12koz's Gold from 33kt's ore
Present
12koz's Au @ $830oz/au should = $10m Revenue = another $5m profit
Future
NEW JORC 356kt's@3.04g/t Au= 35koz's Au @ $800oz
should = $28m cash flow which could = $15m-$20m profit
This new jorc is huge as it porvides for another $28m in cash flow to add to the $10m from current operations and the $3m at bank
All up the company should have $30m-$35m in the bank from these gold operations
You have to ask yourself, what if theres more gold in them there hills? remember as I have said all along Mandilla is adjacent to RMS's Bonaza Wattle Dam deposit
And we haven't even updated Koongie yet[/QUOTE]
Past
$5.5m Net Profit from $10.2m Revenue from 12koz's Gold from 33kt's ore
Present
12koz's Au @ $830oz/au should = $10m Revenue = another $5m profit
Future
NEW JORC 356kt's@3.04g/t Au= 35koz's Au @ $800oz
should = $28m cash flow which could = $15m-$20m profit
This new jorc is huge as it porvides for another $28m in cash flow to add to the $10m from current operations and the $3m at bank
All up the company should have $30m-$35m in the bank from these gold operations
You have to ask yourself, what if theres more gold in them there hills? remember as I have said all along Mandilla is adjacent to RMS's Bonaza Wattle Dam deposit
And we haven't even updated Koongie yet
[/QUOTE]
hangseng
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If you can't see anything new then you need to research AAR a lot more than you have.
This is confirmation of a positive direction in relation to the Koongie Park project and a continuation of the Mandilla project to be pursued. Both are yet to be confirmed absolute however this is at least a major step in the right direction.
Good news indeed.
Scuba
Don't f*#% around, buy a round
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Yes indeed it's been good news. Happily, even a noob like me was able to watch the change in sentiment as the announcement was read today. I watched the price go from .094 to .105 in a matter of about 15 minutes. (mind my comment though, I don't have the most sophisticated setup available. Read major understatement lol) Lets hope the market continues to see the value, and Anglo trip over a 2Kt nugget buried in them thar hills...
Was also very encouraging to see another of my holdings have great news so... :alcohol:
Happily, even a noob like me was able to watch the change in sentiment as the announcement was read today. I watched the price go from .094 to .105 in a matter of about 15 minutes. (mind my comment though, I don't have the most sophisticated setup available. Read major understatement lol) Lets hope the market continues to see the value, and Anglo trip over a 2Kt nugget buried in them thar hills... Was also very encouraging to see another of my holdings have great news so... :alcohol:
