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ASL, AUSDRILL LIMITED
yogi-in-oz
post Posted: Nov 1 2004, 07:35 PM
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Posts: 1,967
Thanks: 3


smile.gif

Hi Dory,

Have been watching ASL for a while now and it is
primed for some news, but figured it may not
be until the next significant time cycle, which
falls due on 17112004.

A break above 55 cents will see a lot of new
buyers coming in form the sides, in anticipation
of an announcement .....

..... not sure what id driving ASL right now, but
it has stirred off its lows in recent days.

Would like to see it test the lows again, around .50
before lifting off again, around the date above ...???

Anyway, for sure something has stirred up the hive ... smile.gif

happy trading all

yogi

smile.gif




--------------------
:)


No advice here. If you need advice seek a
professional, as all of the above is the
humble analysis of one techie and astrotrader.
Play it safe, please do your own research.



:)
 
dory
post Posted: Nov 1 2004, 02:38 PM
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Posts: 3,002
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In reply to: yogi-in-oz on Wednesday 21/07/04 04:54pm

hi Yogi
is that a falling wedge on a daily for asl
cheers

 
yogi-in-oz
post Posted: Jul 21 2004, 04:54 PM
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Posts: 1,967
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smile.gif
Hi folks,

WARNING: ..... all of the following is pure
hearsay and drilling industry speculation, so
please do your own research.

On 12122002, a brief note about rationalisation
in the industry was posted ... see post below.

Only recently, BDL receivers have offered Brandrill,
as a going concern.

Both, AVR and ASL are said to be looking over BDL
assets, as either company would receive a significant
and immediate revenue boost, by scaling up in the
same industry.

Both ASL and AVR charts topped out in Feb 2004 and
made a rest stop in late May 2004 ..... and both
are in limbo, with room to move up or down, so it
is obvious that both markets are anticipating some
news .....

..... in acquiring BDL assets, either ASL or BDL will
likely have to go back to the market for more money.

It should be interesting to watch these events unfold.

Will post some astroanalysis on these stocks later, so
meanwhile, do you your own research on the fundamentals.

happy trading all

yogi

=====

12122002:

--- In AussieOilers@y..., "yogi" wrote:

> Hi folks,
>
> An observation that may be worth repeating here.
>
> With BDL back in town there's 3 listed mineral drillers
> located in Perth, all focused on similar markets.
>
> Since these markets have shrunk from the boom times,
> it would not be unreasonable to expect some
> rationalisation in the industry.
>
> Price action of both ASL and AVR, looks like some major
> news is expected soon ... particularly ASL ... narrow
> range days over an extended period, since early
> October 02.
>
> This chart pattern also happened just before BDL
> was suspended ... coincidence, maybe?
>
> hot charts
>
> yogi

smile.gif



--------------------
:)


No advice here. If you need advice seek a
professional, as all of the above is the
humble analysis of one techie and astrotrader.
Play it safe, please do your own research.



:)
 
Judy
post Posted: Jun 3 2004, 02:33 PM
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Posts: 2


ASL continues its rise upwards today.

I'm a long-term holder of this stock and recently had the opportunity to talk with ASL employees during a trip to WA. We spent a couple of days in Kalgoorlie and visited the Superpit when it had an open day. ASL had a great display of photos their rigs in action, plus a couple of 'real life' rigs on display. The driller I spoke with apologised that they didn't have more of their rigs there, but they were all out working. A very good sign, I thought.

ASL has the contract to do all the blasting and drilling at the Superpit, plus many other contracts on sites around Oz. I'm not sure how long this contract's for, but the current estimated life of the Superpit is until 2016. The guy I spoke to also said they're a great company to work for. All very positive for ASL and as a shareholder I was delighted to both see what they were doing, and to speak with one of their staff. After that trip I topped up my holding.

Judy

 
trinity
post Posted: Jun 2 2004, 03:40 PM
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Posts: 37


Hi,
Just noticed asl had 8% rise 2day.....
Trinity

 
aceisme
post Posted: Mar 9 2004, 08:03 AM
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Posts: 505




Ausdrill (ASL) began its listed life in 1994 at $1.64. The volatility of this value stock was demonstrated by the plunge to 37 cents in early 1995 and then the steady ascent to hit $2 in the early days of 1997. However, this was merely a prelude to the dizzy descent to a low of only six cents in September 2001. Since then, Ausdrill has been rising again - it had progressed to 76 cents on Christmas eve 2003 and is still clearly trending upwards.

At this price, Ausdrill still represents good value, with a historical p/e ratio of only 6 times and a dividend yield of more than 5 per cent.


 


topic-starter
post Posted: Mar 1 2004, 09:24 AM
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AUSDRILL LIMITED

 
 


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