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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 ..
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.
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..
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!
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.
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.
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.
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