AAR - Astral Resources

[adobee]

I just noticed this too.. looks like something could be happening as has been dead for the past few months.. large volumes in comparison mouting up now though ..

 

[TheAbyss]

Perhaps it is a response to their recent investor roadshow? I have nothing else to add to make a 100

 

[YOUNG_TRADER]

10M volume ain't small though,

Then again AUZ has run up and in their speeding ticket reply apparantly just on the back of mkt ann's

Maybe its a sign of money flowing back into this end of the mkt?

 

[jonojpsg]

Maybe people have been reading hangseng's posts

I certainly have been and bought a couple more parcels over the last week

A big thanks to hangseng and let's hope that we really get to see a SP more in line with the NPV of all that metal in the ground.

Oh, btw, has anyone actually ever done an analysis of an actual PFS or BFS and compared the NPV to the valuations given beforehand, eg in a year or two will we be able to look back and see that the NPV of Koongie is pretty close to the 10% of IGV that hangseng was basing his valuation on??

 

[arae]

Today has seen AAR's largest single day volume in over 6 months (since Nov 1, 2007).

The instigation is still not clear. Possibly the next few days will tell us...

 

[adobee]

okay well biggest volume for some time.. my money is on a change of directors interest notice out tomorrow as they have bought more stock.. hopefully i am wrong and we see some long awaited announcements ..

 

[adobee]

well im getting pins and needles in my ass i have been sitting waiting for something to happen here.. reasonable volume prices pushes up and the gets dumped again.. i dont really see why someone would take a large position at the moment unless they expect something is on the cards soon.. I really like the prospects of aar but when i read over the reports where its taken the 20 years to do something i am somewhat worried that i might need to apply for a pension card before i see my shares move... i am going to send a email suggesting they outsource there marketing and updates to HS or YT.. seriously

 

[ans25]

This stock I reckon should belong in the most boring thread, Im sort of running out of patience and am thinking more than twice to sell now and put the cash into more productive stocks.

 

[chimp]

Good diea, Adobee, hahahah.

Yeah. I'm losing my patience a bit as well. However I guess we just have to admit the uptrend has not very well established yet. The MA 25days is still going flat.......well, we have to be patient. Or can anyone give them a call please.

 

[Old monkey]

well im getting pins and needles in my ass i have been sitting waiting for something to happen here.. reasonable volume prices pushes up and the gets dumped again.. i dont really see why someone would take a large position at the moment unless they expect something is on the cards soon.. I really like the prospects of aar but when i read over the reports where its taken the 20 years to do something i am somewhat worried that i might need to apply for a pension card before i see my shares move... i am going to send a email suggesting they outsource there marketing and updates to HS or YT.. seriously

Yes this is a very slow moving thread and I have given up hope as well. Imaging that it took 20 years to get to 6 cts so it must take at least 10 years to get ......... what ever paultry amount, most likely another 6 cts. The PFS for Koongie Park maybe just a myth. It may not be feasible after all. That is why it has been delay for so long. With such a slow plodding and unimaginative management and there must be hundreds of penny shares on the market vying for investors dollars it is a wonder that AAR can get to 6 cts. Given the recessional economic environment AAR's situation maynot be that rosie for some time to come.

I am just speaking out loud. Others may have better ideas. AAR may have in ground value of treasure if one does not know how to market it, it is just simply going to be a lame duck after all.

 

[bliimp]

Yes this is a very slow moving thread and I have given up hope as well. Imaging that it took 20 years to get to 6 cts so it must take at least 10 years to get ......... what ever paultry amount, most likely another 6 cts. The PFS for Koongie Park maybe just a myth. It may not be feasible after all. That is why it has been delay for so long.

In their April 16 Investor Presentation document they do state that for the Koongie Project

1. $8.5 million spent on exploration since 1972

2. $2.7m approved budgets for 2008

So things may be moving a little quicker than some people think!

 

[adobee]

In their April 16 Investor Presentation document they do state that for the Koongie Project

1. $8.5 million spent on exploration since 1972

2. $2.7m approved budgets for 2008

So things may be moving a little quicker than some people think!

makes no difference..they could dig up the biggest gold nugget anyone has ever seen but if they dont tell anyone about it nothing will happen..

I think the manager may have died in his office chair and everybody who works there just thinks he is doing what he has been doing for the past 20 years..

 

[Old monkey]

makes no difference..they could dig up the biggest gold nugget anyone has ever seen but if they dont tell anyone about it nothing will happen..

I think the manager may have died in his office chair and everybody who works there just thinks he is doing what he has been doing for the past 20 years..

How true. I could not agree more. He could have retired and leave us shareholders to sweat for until he wakes up or decided to come into this world and do something worthwhile.

 

[hangseng]

In their April 16 Investor Presentation document they do state that for the Koongie Project

1. $8.5 million spent on exploration since 1972

2. $2.7m approved budgets for 2008

So things may be moving a little quicker than some people think!

Announcement out.

AAR has been sleeping for so long it seems the market hasn't woken up yet.

They indicate a lot of completions on the PFS and the biggest news of all being the extension of Santiego has been confirmed and note the increase again in both Copper and Silver. Disregard the typo on the first page of Au instead of Ag.

As eluded to previously, Koongie Park is increasing the copper value significantly with each assay. They have again increased the Zn but the Cu and Ag are the biggies.

Yes I think this will be anounced a lot sooner than anyone thinks and the value is increasing as each day goes by with the assays of copper and silver. This will be the biggest value of Koongie Park if the assays keep coming in as they have.

The last ann by AAR indicated that copper was now of equal value of the zinc. Now we have copper grades increasing with significant intersects and extension of the resource.

They may be slow to report and lack the gloss of others but the information is outstanding.

 

[Old monkey]

Now let us dream for a while (this could be reality one day), I am a dreamer. I have added in Victoria River Downs and discounted the value by 50% to allow for a JV. I have merely transposed the Koongie Park values and increased the tonnage to the lower of the estimated 50-100Mt resource estimate of AAR.

Hang Seng do you think that we are on track to realise your dream? You have previously mentioned 2 to 3 years. How long would they be able like some of these other stock which are more sensitive to their announcements? It will be good to hear from you, if anything to calm my nerves.

 

[hangseng]

Hang Seng do you think that we are on track to realise your dream? You have previously mentioned 2 to 3 years. How long would they be able like some of these other stock which are more sensitive to their announcements? It will be good to hear from you, if anything to calm my nerves.

Hi Old Monkey

I am very confident now that my dream is going to be realised. The dropping Zn and Pb price has clealry affected peoples perception of AAR and that is understandable (in the short term IMO).

What has really got me excited now is the Cu (copper) and Ag (silver) values coming out of the assays and the strike length of the intersects. I am not a geo but I know enough that these are extremely positive.

How long I realy don't know and my 2-3 years is purely a best guess estimate. If/when they strike further gold at Mandilla this will help this along very nicely and takemitigate significantly any financial pressure away from the capex required to develop Koongie Park.

Yes I am very positive now, and more so with every announcement that comes out. AAR is unloved at present but this doesn't worry me one bit, it is the future I am excited about.

 

[Old monkey]

Hi Old Monkey

I am very confident now that my dream is going to be realised. The dropping Zn and Pb price has clealry affected peoples perception of AAR and that is understandable (in the short term IMO).

What has really got me excited now is the Cu (copper) and Ag (silver) values coming out of the assays and the strike length of the intersects. I am not a geo but I know enough that these are extremely positive.

How long I realy don't know and my 2-3 years is purely a best guess estimate. If/when they strike further gold at Mandilla this will help this along very nicely and takemitigate significantly any financial pressure away from the capex required to develop Koongie Park.

Yes I am very positive now, and more so with every announcement that
comes out. AAR is unloved at present but this doesn't worry me one bit, it is the future I am excited about.

There was once we thought that AAR will do a RMS shooting from what AAR is to $1 something. But some some reason AAR did not continue that path. do you think that this has severely hampered their meteoric rise. what should AAR be doing besides just focusing on the drilling and essaying. My view is that AAR should start to polish their PR and team up with bigger players now to help them to develope the Koongie and Victoria Park. I somehow feel that they are not up to it in taking on such big projects. This is my perception given the tone of their expressions. I know of a uranium company which would always used terms like "massive" or this is a world class uranium mine or we have a uranium province. They would consistently send out flyers to shareholders indicating how much in ground uranium it has. This has given the impression that it is hugh mine. It would also compare their quantity and quality with this other uranium company which has now taken over this company. But we have not heard AAR mentioned any of these term. To me AAR is a small operation and the share price reflects that (5 cts). But from what we heard from you AAR seems a medium sized mining company. so, this is confusing.

 

[hangseng]

There was once we thought that AAR will do a RMS shooting from what AAR is to $1 something. But some some reason AAR did not continue that path. do you think that this has severely hampered their meteoric rise. what should AAR be doing besides just focusing on the drilling and essaying. My view is that AAR should start to polish their PR and team up with bigger players now to help them to develope the Koongie and Victoria Park. I somehow feel that they are not up to it in taking on such big projects. This is my perception given the tone of their expressions. I know of a uranium company which would always used terms like "massive" or this is a world class uranium mine or we have a uranium province. They would consistently send out flyers to shareholders indicating how much in ground uranium it has. This has given the impression that it is hugh mine. It would also compare their quantity and quality with this other uranium company which has now taken over this company. But we have not heard AAR mentioned any of these term. To me AAR is a small operation and the share price reflects that (5 cts). But from what we heard from you AAR seems a medium sized mining company. so, this is confusing.

Not confusing at all to me Old Monkey. I care not what others may or may not think the company should be saying. My view is based solely on the information before me and it is all positive. The company is small but is also a producer, with no debt and a strong cash balance and the prospect of further cash flow from production.

Note others also regularly do cap raisings and take out loans or hedge production, all of which increase cash but also increase risk significantly. AAR does none of these and relies on internal growth.

That is my perception. This was an excellent report, albeit without the gloss.

 

[reichman]

I totally agree Hangseng. This company is more substance than hype - a quality that is to 'our' benefit long term IMO.


I hope your health is still on the better side of good.

Best wishes to all longs

 

[jonojpsg]

There was once we thought that AAR will do a RMS shooting from what AAR is to $1 something. But some some reason AAR did not continue that path. do you think that this has severely hampered their meteoric rise. what should AAR be doing besides just focusing on the drilling and essaying. My view is that AAR should start to polish their PR and team up with bigger players now to help them to develope the Koongie and Victoria Park. I somehow feel that they are not up to it in taking on such big projects. This is my perception given the tone of their expressions. I know of a uranium company which would always used terms like "massive" or this is a world class uranium mine or we have a uranium province. They would consistently send out flyers to shareholders indicating how much in ground uranium it has. This has given the impression that it is hugh mine. It would also compare their quantity and quality with this other uranium company which has now taken over this company. But we have not heard AAR mentioned any of these term. To me AAR is a small operation and the share price reflects that (5 cts). But from what we heard from you AAR seems a medium sized mining company. so, this is confusing.

Yeah good call OM, I think that AAR need to get more outgoing and enthusiastic in their promotion of this project. Maybe the directors are quietly topping up their holdings at dirt cheap prices while they do all the preliminary work then WHAM, they make a packet when the SP moves to where it should be

A good example of a penny hopeful that has taken it's project all the way was Equinox, although their project was/is indeed HUGE. Maybe AAR should be popping a couple of drill holes into VRD just to get the ball rolling and spark some interest? What you reckon Hangseng?