AAR 14.3% 12.0¢ astral resources nl

resource upgrade, page-38

  1. 1,565 Posts.
    lightbulb Created with Sketch. 99
    Lets hope management intends to follow up with some solid publicity fairly soon, the market is a little sour against AAR this morning, 10m sells against 4m buys.

    Apart from disappointing the longer term shareholder, I doubt that our latest "sophisticated investors" are too happy with the management's handling of the release of this upgrade. CR at 4c, normally provides a 15-25% discount for the investors and they wouldn't have paid that price if the outlook wasn't rosy.
 
watchlist Created with Sketch. Add AAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.