AAR 0.00% 7.7¢ astral resources nl

from april 2008 presentation

  1. 570 Posts.
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    hi everyone,

    im too wondering why AAR is heading south as if its bottomless... but a quick look at the presentation, AAR is actually not as bad as other HC posters have said.

    See below ( from presentation p 8 ) http://www.anglo.com.au/_content/documents/565.pdf:

    Mining West Mandilla commenced June 2006 and
    completed April 2007
    • Production of 78,000t @ 8.22g/t Au for 20,130oz Au and
    1100oz Ag
    • Mining produced profit of $5.6 million in FY07. Profit
    expected in FY08
    • Indicated Resource of 356,800t @ 3.04g/t Au for 34,873
    ounces estimated for East Mandilla bedrock deposit.
    • Exploration at East Mandilla continues


    IT CLEARLY SAID THAT PROFIT EXPECTED IN FY 2008! With current Gold price, I have no doubt in this statement.

    If you read the tape, almost all of the recent trades involving XT - Cross trading, done by the same broker. I personally I think some one out there is ACCUMULATING AAR, by pushing the SP down.

    Im holding , projects all in Australia,no sovereign risk, and believe SP will turn around, when markets stabilize.

    DYOR

 
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