AAR 0.00% 8.3¢ astral resources nl

same old same old

  1. 1,598 Posts.
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    So what do we know?

    (1) According to the December Quarterly and using the cash at end and the forecast expenditure for the March quarter we should have roughly about 700k in the bank.

    (2) According to the 3rd February "Feysville Drilling Results" announcement "the company will now re-estimate the Rogan Josh Resource and re-evaluate the economics of mining the supergene mineralisation in a shallow open pit".

    (3) Also According to the 3rd February "Feysville Drilling Results" announcement the company says "the mineralisation at Dalray remains open and additional drilling will be required to fully evaluate it's potential"

    (4) According to the 17th February "Scoping Study Identifies Platform for Development" announcement the "the directors have already approved the immediate progress to update the Pre-Feasibility Study and await the final review of the proposed Exploration Programme to commence in the second quarter 2011."

    (5) According to the AAR website, Exploration drilling in 2011 will target:

    Extensions of the newly discovered Eastern Sandiego Copper Lode.
    Oxide copper, gold and silver mineralisation at Sandiego.
    A combined magnetic / EM anomaly at the Highway Prospect.
    A ground EM anomaly and off hole conductor at Onedin South.
    An extensive magnetic anomaly under cover south west of Onedin corresponding to the interpreted host horizon.
    The Black Rock Gossan.
    Copper anomalous gossans at Hanging Tree and Hanging Tree South.

    (6) Also according to the AAR website, the potential timeline for the "Commencement of Exploration drilling program on targets outside of Sandiego" (as show above) and the "Financing of Feasibility Study" is April/May 2011.

    So, what I would like to know is:

    WHAT are the economics of Rogan Josh?
    WHEN, if economic, will we mine Rogan Josh?
    HOW MUCH income, if economic, will Rogan Josh provide and over what period?
    WHEN are we going to go back and do more drilling at Dalray?
    WHEN is the new Koongie park drilling programme going to start?
    HOW MUCH money is required to fund the Feasibility Study at Sandiego?
    HOW MUCH money is required to fund Rogan Josh, if it is economical to proceed?
    HOW MUCH money is required to fund more drilling at Dalray?
    HOW MUCH moeny is required to just keep going day to day?
    HOW is the company going to raise the funds?
    WHEN is the company going to raise the funds?
    WHEN are you going to keep us informed?

    As usual the Company is silent and appears as if they don't want to tell shareholders anything.

    Nothing new I know but it's about time they changed their ways and kept us informed and up to date.

    So to summarise:

    WHAT, WHEN, HOW MUCH and HOW?

    Surely that isn't too much to ask?

    There are other questions like what is happening with East Mandilla but I'll leave that for another day? :-)





 
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