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AAR - Astral Resources

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These guys are moving so slow its not even funny,

If you look how long they have been promissing to get Koongie going its a joke, my guess is by the time they start mining it will be 2030 or 2040 and the resource boom may be over


Added to this the blue sky has also been all but removed in the base metals sector as the prices have all but collapsed for Zinc and Lead, ohh how wrong were all those analysts, take a look at the charts of PEM CBH JML and AUZ to name a few
 
Patches of blue may be reappearing with a 20% plus increase in lead and zinc over the last week. Agree that things are moving slowly though

Also got to look at copper for AAR too - this adds some strength with copper holding above $3.50/lb for the last five months and LME stocks still near five year lows.

Maybe I'm just trying to convince myself though
 
Slow but not dead.

Quarterly due this month with hopefully renewed interest in Mandilla with the price of gold on the march. The ramelius announcement today included a diagram which is ohh so tantalisingly close to AAR tenements (see attached pic).

Is it just me or do RMS studiously ignore the land to the east? They may be playing some games to get their hands on some AAR ground?

Koongie PFS due but expect delays due to drilling etc as i understand it however there will be some news in the quarterly to maintaion our interest i hope.

Looking forward to the quarterly to at least indicate they have been doing something
 

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Report is out with some good results and a possible increase in resources to come. I am still holding and will continue to hold as this does look as though it will be OK in the medium to long term. Thanks YT and Hang Seng for all your valuable input. Baggy
 
Any one seem to have a clue on why AAR has jumped 23% today, maybe someone knows something we don't. Well i will be sitting on the side lines untill something is a little more clear but some interest in this on a stale day
 
Not that exciting considering it dropped about 60% over the past few months.. 23% equals about 5% of this regain.. probably some other sucker who has heard the hype but doesnt realize they will have to wait to 2100 for the grand children to cash this one in ..
 
Anyone know if the AAR board and management are still operational? AAR are so slow to progress with this venture it is beginning to make the company appear like a "quasi-shelf company"!

Yes, I still have substantial holdings in AAR. Believing in the AAR story....faithful or naive?
 
I think this thread is dead!? Anyone out there? To be fair though there seems to be no activity from the company (this is the problem - lack of inertia) and therefore no activity on this thread. I will wait for the "Mummy" to be resurrected. Will be happy to speak to myself in the interim.
 
Hiya Piggy,
Have a look at the Zn prices... Plenty of work going into planning a mine for KP, but will it be worth it???

There are people out there, but who likes to concentrate on holdings where the price has gone to pot?
:grenade:
 
Hi there fellow bleeders hasn't the market been fun...NOT!

PFS news is a must for AAR, the upgrade in Cu at KP may just be the hedge against the falling Zn price scuba.

I wait (again) patiently for the PFS. May have to give the board a nudge to wake them up though

Would love to believe that JJ is simply being a wily old fox and realised it is a waste of time providing updates during this last market downturn cycle. Or are they just having a nanna nap?
 
Finally some news today from AAR albeit being in the form of their compulsory Annual Report to Shareholders.

I have had a quick glance through it and it is not very upbeat. The most worrying paragraph would have to be:

"The Sandiego PFS is expected demonstrate the practicability of the project and the conditions under which it will be viable, together with recommendations for continued development of the project through further resource expansion and feasibility work. However, construction of the project might not be justified at the current depressed price of zinc. Notwithstanding, copper and zinc prices in recent years have reached levels which could justify development of the project."

It is hard to predict what the Zinc and Copper prices will be in 1-2 years time. Therefore, I think this company has to proceed with mine planning and hope that the base metals prices improve with time - appears they are doing this at least.
 
BIG NEWS - AAR HAS CHANGED THEIR ADDRESS !!
I am surprised they didnt request a trading halt for such and exciting update ..
 
spottygoose said:
Ooooooooooooooooooops! That should have read private office address not home - sorry about that ..........
Click to expand...

I will not be surprised to see that private office address comes out in as the official address of scrap merchant and second hand car dealer's yard considering so much junk bonds AAR will have now
 
Looks like some interesting news out from AAR I havent had a chance to read through.. Bit disappointing if everyone else knew about it prior thus all the buyers mounting up for the first time I have seen...
 
AAR MAKING SOME MOVES THIS MORNING !

BEST HOLE EVER AT THE KOONGIE PROJECT INTERSECTS
HIGH GRADE COPPER AND ZINC MINERALISATION
HIGHLIGHTS
• Hole SRCD031 at Sandiego intersects 68m @ 6.8%Cu, 9.6%Zn, 98.7g/t Ag, 0.34g/t
Au
• Hole SRCD029A at Sandiego intersects 29m @ 7.89% Zn, 46g/t Ag, 5m @
3.95%Zn and 4m @ 0.63%Cu, 26.83g/t Au
• Massive sulphides intersected in two holes at Onedin
 
Buys coming in from the side and taking people out at 2c.. hopefully some people are seeing some value here.... I am still holding a parcel from way back when it was around 7c...
 
I am a long term holder also Adobee.

Great announcement today and proves what we all knew, AAR have resources and a few company making projects.

Short term this will not do that much for AAA imo due to the price of base metals at the moment however long term it is fantastic news as the result(s) certainly justify the completion of the pre feasibility programme and add significantly to the projection of Koongie as one of the most advanced Cu /Zn projects ,yet to be developed in Australia (not too mention a chunk of gold for the girls).

AAr more importantly do have enough revenues and cash on hand to ride out the current climate and will be ready to go with Koongie once base metals get rebound.

Buy while you can when you can as they can only go up from here (or down the drain if things don't go their way i guess).

 
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