Astra Resources - International diversified resource company Astra Resources (FWB Code: 9AR) recently sent the company’s newly appointed Chief Operations Officer (COO), Breff Gorman, to perform a review of its iron sands project in Cagayan, Philippines, following progress that has been made with the lodgement of permits and licences.

Over the past few months Astra’s Joint Venture entity, Cagayan River Astra Philippines Inc., has lodged all the required paperwork to establish Phase 1 of its dredging operations, which covers 12 kilometres of river and ocean mining, an operation that is expected to return 135 million tonnes of iron sands (see newsletter dated 16th July 2012).

Astra COO Breff Gorman says all the required documentation has now been lodged with the authorities and Astra is waiting to receive their final notice to proceed from the Governor.

“This is the final permit required to start on site operations for the Cagayan river project,” Mr Gorman says.

“One must remember that this project is not only going to be a profitable venture for Astra and its shareholders but it is also providing a community service by clearing the mouth of the Cagayan river which has yearly flooding due to the shallow waters leading out to the ocean.

“These yearly floods cause massive property damage and loss of life.”

Astra will begin the process of securing additional mining areas to add to the project, with the Company exploring suitable MPSA sites located off the coast.

In a report on the mining prospects of the Cagayan River and surrounding area, compiled by R.C. OBIAL & Associates (January 2012), it was noted that the two main datasets of two major offshore exploration programs were intrinsically assessed for magnetite grades and resource tonnages applicable for off-shore mining.

The subsequent “Peniel Exploration Program” covered, in large part, the area east of the Cagayan River. The western boundary of the exploration area is approximately 2.3 kilometres from the Cagayan River dredging area secured by Astra.

The exploration was undertaken as a probing expedition and widely spaced marine samples were collected. From the sample holes collected at 1 metre depth of seabed sediments, the average content of the percentage wt magnetic fraction averaged 46.2 per cent. For deeper samples, 3 and 5.5 metre depth of seabed sediments, an average of 49 per cent magnetic fraction was reported.

The deeper samples (3 and 5.5 metres) were slightly higher, by about 3 to 4 per cent. From select samples of magnetite concentrates undertaken by eight mineral laboratories, the iron (Fe) content of the magnetite ranged from 53.6 per cent to 67.45 per cent.

A total of 562 sites were drilled and sampled at regular close spacing intended to outline magnetite resources in the four areas, with the results outlined below. This is after magnetic separation.

Resource Estimates of Magnetite Concentrates of the 4 MPSA Areas by MGB in million tons

Mr Gorman says the potential of this project is astounding, with the combination of high percentages of magnetite and a number of buyers such as Kunming Gongxin Trading Ltd lining up to purchase the iron sands from the site.

“This will be a high yield and high return venture for Astra. Not only is the natural resource in abundance but there are also ample export facilities in the form of Port Irene, which is currently shipping iron sands to Asia for existing mining companies, operating in the area.”

Once the Notice to proceed has been received Astra will be funding the establishment and operation of the Cagayan mining opportunity through a bond that is close at hand, and the Company expects to have the site ready for exporting iron sands in the first half of 2013.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

For further information please go to Astra Resources

Astra Resources - Global diversified useful resource organization Astra Methods (FWB Code: 9AR) has engaged by means of its company advisors the providers of the accounting firm Punongbayan & Araullo (a member company of Grant Thornton Intercontinental) to undertake an independent skilled overview and inspection of the economic info offered by companies and companies that Astra proposes to acquire or has acquired. 

The selection of the provider as a member company of an global skilled services organisation is in line with the needs of the proposed worldwide underwriters that will be involved in the planned IPO of Astra Sources Plc. 

Astra CEO Jaydeep biswas claims the review of the organizations, such as their enterprise ideas and monetary projections for the following twenty five many years, is essential to finalise the problem of a prospectus and its pricing.

“We have earlier introduced our intention to record on the Primary Normal of Deutche Bourse in the close to future as effectively as other intercontinental exchanges,” Jaydeep biswas says.

“The qualified overview of our subsidiary organizations is an additional phase in completing the needed due diligence in the listing method and brings us one particular action closer to attaining this aim.

“Once listed, we will have the funds to comprehensive current acquisitions and carry on to find out other folks that suit in our disruptive technologies technique.”

In line with Astra’s focus on a disruptive innovation method, the firms and firms it proposes to or has already obtained are all inefficient industries with high expense constructions and monopolists. 

Astra strategies to buy into or purchase out entities that offer the floor-breaking technologies that will meet the calls for of conclude-users, including amid other individuals those relevant to the creation of steel, option resources of power, and reuse of recyclable supplies. 

This technique also actively seeks feasible coal, iron ore, gold and copper mining property for acquisition that will give the raw components necessary by the previous. By way of its mining functions, Astra is in a position to develop its own internal market, therefore insulating the company from fluctuating commodity rates, and minimizing its enterprise risk by hedging its functions. 

As a ultimate element of its strategy, and to enhance its technologies and mining routines, Astra has also delved into residence advancement, commodities buying and selling and agriculture organizations.

Astra Managing Director Silvana De Cianni states that Punongbayan & Araullo, as commissioned, is expected perform a review and inspection of the financial facts supplied by firms and firms that Astra proposes to obtain or has acquired. 

“In certain, the business will evaluate the relevance of the projection time period to the nature of the task company’s procedure and for the consolidation process,” Ms De Cianni states.

“They will also figure out the mathematical accuracy and reasonable integrity of the economic product by compiling a separate model making use of the first assumptions, evaluating the benefits of the two and concentrating the evaluation on the distinctions between the two designs. 

“This consists of evaluating the contents of the organization strategy with the assumptions employed in the monetary product and examining the foundation for the assumptions, if any. Lastly they will evaluate the completeness of revenues, bills, belongings and other equilibrium sheet information as computed by evaluating them with what related establishments are predicted to include as comparators are accessible.”

The info as supplied has been utilised in generating the first valuation operates of the company procedure of each firm for acquisition or presently acquired. Towards this end, about three valuation methodologies will be utilised, every time practicable, to establish their applicability to every single entity. These consist of the net asset worth*, discounted cash movement and industry valuation methodologies. 

These methodologies conform to the International Valuation Requirements (IVS), the latest revision of which was launched by the Global Valuation Specifications Council in 2011 and grew to become productive this January 2012. The related standard for the work being carried out is that of IVS two hundred on the “Valuation of Organizations and Business Interests”.

Astra Resources’ worldwide portfolio consists of gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon productive and commodity businesses, the generation of the large-energy T-Steel technological innovation in Hungary, clean coal technological innovation, and a large Agricultural concentrate on making Australia as the meals bowl for the Asian Location.

* Internet Asset Value

The Net Asset Value (NAV), a harmony sheet-primarily based valuation approach, has been established to be the least appropriate measurement of the value of the project entity at this position for a lot of of the firms blanketed by the overview inasmuch as the businesses are only about to start their respective operations. What ever expansion every venture company will knowledge will rely on their planned capital expense. An choice way to viewing the information will be created by using the common NAV of the Firm in its first five a long time of complete operation. This will be in comparison with the improvement strategies of the organization itself and will be more in comparison with the historic encounter of related companies as accessible.

The Discounted Income Stream (DCF) method, on the other hand, is a funds circulation assertion-primarily based methodology. This employs the projected cash flows generated by the project company, to which the terminal worth at the finish of the projection interval is additional. The initial DCF values will be computed on the foundation of the fiscal info supplied by every single project organization, employing 3 lower price costs. The initial two discount charges refer to the common expense of cash (WACC) as described in the company program and in the fiscal design. The final lower price rate has been derived from prevailing enterprise danger prices associated to the business. Dependent on the model reviewed, the figures obtained from this strategy could change out to be also substantial due to the fact the projected revenues and bills of the companies nevertheless need to have to be further examined.

The cost-earnings (P/E) method, a marketplace and earnings statement-dependent strategy, will also be employed for valuation.  Beneath this technique, equivalent outlined firms, if there are any, will be identified for comparators. The P/E ratios will be applied on the average earnings for the very first five (5) many years of projected stabilized operations. To account for the relative “newness” of every entity and the reality that it is nevertheless unlisted, a liquidity low cost of twenty five% has been applied on the computed values, as advised in Christopher Glover’s “Valuation of Unquoted Companies”.

For further information please go to Astra Resources

Astra Resources - International diversified resource company Astra Resources (FWB Code: 9AR) has engaged through its business advisors the services of the accounting firm Punongbayan & Araullo (a member firm of Grant Thornton International) to undertake an independent professional review and inspection of the financial data provided by companies and businesses that Astra proposes to acquire or has acquired. 

The choice of the provider as a member firm of an international professional services organisation is in line with the requirements of the proposed international underwriters that will be involved in the planned IPO of Astra Resources Plc. 

Astra CEO Jaydeep biswas says the review of the businesses, including their business plans and financial projections for the next 25 years, is necessary to finalise the issue of a prospectus and its pricing.

“We have previously announced our intention to list on the Prime Standard of Deutche Bourse in the near future as well as other international exchanges,” Jaydeep biswas says.

“The professional review of our subsidiary businesses is another step in completing the required due diligence in the listing process and brings us one step closer to achieving this goal.

“Once listed, we will have the capital to complete current acquisitions and continue to seek out others that fit within our disruptive technologies strategy.”

In line with Astra’s focus on a disruptive innovation strategy, the companies and businesses it proposes to or has already acquired are all inefficient industries with high cost structures and monopolists. 

Astra plans to buy into or buy out entities that provide the ground-breaking technologies that will meet the demands of end-users, including among others those related to the production of steel, alternative sources of energy, and reuse of recyclable materials. 

This strategy also actively seeks viable coal, iron ore, gold and copper mining assets for acquisition that will provide the raw materials required by the former. Through its mining operations, Astra is able to create its own internal market, thereby insulating the company against fluctuating commodity prices, and reducing its business risk by hedging its operations. 

As a final component of its strategy, and to complement its technology and mining activities, Astra has also delved into property development, commodities trading and agriculture businesses.

Astra Managing Director Silvana De Cianni says that Punongbayan & Araullo, as commissioned, is expected perform a review and inspection of the financial data provided by companies and businesses that Astra proposes to acquire or has acquired. 

“In particular, the firm will assess the relevance of the projection period to the nature of the project company’s operation and for the consolidation process,” Ms De Cianni says.

“They will also determine the mathematical accuracy and logical integrity of the financial model by compiling a separate model using the original assumptions, comparing the results of the two and focusing the examination on the differences between the two models. 

“This includes comparing the contents of the business plan with the assumptions used in the financial model and assessing the basis for the assumptions, if any. Finally they will assess the completeness of revenues, expenses, assets and other balance sheet data as computed by comparing them with what similar establishments are expected to contain as comparators are available.”

The data as provided has been used in making the initial valuation runs of the corporate operation of each company for acquisition or already acquired. Towards this end, three valuation methodologies will be used, whenever practicable, to determine their applicability to each entity. These include the net asset value*, discounted cash flow and market valuation methodologies. 

These methodologies conform to the International Valuation Standards (IVS), the latest revision of which was released by the International Valuation Standards Council in 2011 and became effective this January 2012. The relevant standard for the work being conducted is that of IVS 200 on the “Valuation of Businesses and Business Interests”.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

* Net Asset Value

The Net Asset Value (NAV), a balance sheet-based valuation method, has been determined to be the least appropriate measurement of the value of the project entity at this point for many of the companies covered by the review inasmuch as the companies are only about to start their respective operations. Whatever growth each project company will experience will depend on their planned capital investment. An alternative way to viewing the data will be made by taking the average NAV of the Company in its first 5 years of full operation. This will be compared with the development plans of the company itself and will be further compared with the historical experience of similar companies as available.

The Discounted Cash Flow (DCF) method, on the other hand, is a cash flow statement-based methodology. This uses the projected cash flows generated by the project company, to which the terminal value at the end of the projection period is added. The initial DCF values will be computed on the basis of the financial data provided by each project company, using three discount rates. The first two discount rates refer to the average cost of capital (WACC) as described in the business plan and in the financial model. The last discount rate has been derived from prevailing enterprise risk rates related to the company. Based on the model reviewed, the figures obtained from this method may turn out to be too high because the projected revenues and expenses of the companies still need to be further examined.

The price-earnings (P/E) approach, a market and income statement-based method, will also be used for valuation.  Under this method, comparable listed companies, if there are any, will be identified for comparators. The P/E ratios will be applied on the average earnings for the first five (5) years of projected stabilized operations. To account for the relative “newness” of each entity and the fact that it is still unlisted, a liquidity discount of 25% has been applied on the computed values, as recommended in Christopher Glover’s “Valuation of Unquoted Companies”.

For further information please go to Astra Resources

Astra Resources - International diversified resource company Astra Resources (FWB Code: 9AR), has terminated its discussions relating to the possible acquisition of the Joma Ore Tailings project in Norway.

Astra CEO Jaydeep biswas says an agreement was entered into on 15 February 2012 that was specifically subject to a number of conditions that have not been satisfied.

“The board carefully considered the project and commissioned a technical and scientific report,” Jaydeep biswas says.

“Further discussions took place with a view to a possible modification of the terms but based upon the results of the study the Board has determined that it would not be in the interest of the company or its shareholders to proceed with this project.

“The agreement has therefore been terminated and the company has been advised that there is no legal exposure of any kind as a result of this termination.”

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

For further information please go to Astra Resources

Astra Resources - International diversified resource company Astra Resources (FWB Code: 9AR) has had all 17 proposed resolutions overwhelmingly passed by shareholders at its extraordinary general meeting held on 26th Septemer 2012.

The key resolutions passed allow Astra to continue with its plans to apply for and/or maintain a listing on up to three major global stock exchanges, including an upgrade to the Prime Standard of the Frankfurt Stock Exchange (Deutsche Boerse) via issue of a prospectus. 

Nearly 200 shareholders attended the EGM from Australia, Asia and the Middle East.

Astra CEO Dr Jaydeep Biswas says the results of the EGM were evidence of the confidence and trust shareholders had in the directors and their plans to create a world leading technology-led resources company. 

“The EGM validated once again the strategy we have created that focuses on disruptive innovation, a first for the industry, and which could pave the way for how similar companies operate in the future,” Dr Biswas says.

“Since its formation Astra has focused its attention on building Intellectual Property and technology assets rather than concentrating on a single mining project that could see us end up as a microcap.

“While there has been some disquiet to this approach from some observers, the consensus is we are heading in the right direction and now have a mandate from the shareholders to continue down this path.”

Other resolutions passed included the issue of a prospectus by the company, the reappointment of all directors and the re-confirmation of KMPG as auditors.

A number of resolutions relating to the sale of Astra shares by existing shareholders were also approved.

These included the removal of escrow on all shares for off-market sales on a private treaty basis at the full discretion of the Board and advice from its legal advisors, and the extension of the escrow period for all on-market sales/transfers until the release of the prospectus, in concert with a minority shareholder/advisor led committee focusing on protecting and maintaining shareholder value.

Astra Managing Director Silvana De Cianni says the resolutions relating to the sale of shares were proposed to protect existing shareholder value.

“We are very proud of what we have achieved for shareholders to date and want to ensure the company’s value continues to grow for them well into the future,” Ms De Cianni says.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

For further information please go to Astra Resources

Astra Resources - Your Owners of intercontinental diversified resource business Astra Assets Plc (“Astra”) (FWB Program code: 9AR) have been requested by simply your shareholders to answer wrong landscapes expressed by non-associated exterior celebrations in blog sites and also media concerning the company’s approach

The entire world can be undergoing tremendous adjust. Cash areas tend to be underneath enormous stress, and also expansion will be slowing down within key building places.

Jaydeep biswas - We published many 24 months previously that lengthy offer wrinkles intended for mined thing sources in order to developing marketplaces that need substantial operating, logistics in addition to cash costs can come under pressure when developing international locations give attention to moving on their very own means and introduce new systems employing their low cost composition.

The one frequent with human being growth as time passes has become this growth associated with brand-new engineering in every subject of lifestyle. Consequently, Astra dedicated to buying tested, bothersome technology for the means business that change the price composition associated with end-user demand, usually decreasing this need pertaining to means, elizabeth. g. conditioning aluminum and so the solution as well as associated fresh stuff utilize every capita will be diminished, along with using brownish coal with developing countries for electrical power era as opposed to posting black color fossil fuel.

We now have developed a technology-led methods organization that has a cornerstone position within carbon dioxide effective businesses as well as technological innovation with an emergent frugal access in to property, agricultural goods along with replenishable assets where that account balances our long-term stock portfolio.

Because commencement of Astra, we now have centered each of our consideration on building your Intelligent House as well as resource position in the company, as being a preference for you to creating gross income in the capital-depleted globe. The actual prime reason behind the particular emphasis has become our try and make a main business as an alternative to concentration using one asset-mining challenge that will results as a microcap.

This course can be according to getting into important international swaps to the subscription of the recommended IPO, so international exchanges will provide the necessary usage of funds to get the particular Intellectual Property or home in addition to assets straight into profit.

Furthermore, your registration in the suggested IPO with any of the important worldwide swaps can permit a suitable and also correct survey on the Mental House and resources on the business. The particular main global transactions will supply any reveal price tag in the company (upon your registration with the IPO) that is in keeping with the value of the Intelligent House along with resources in the organization.

Obtaining this isn’t a rapid process, and we now have retained shareholders thoroughly educated of purchases involving Mental House as well as resources as and when happened.

Within mining we have obtained the philosophy in order to self conscious clear of initiatives that want more search and also significant structure, and possess impending exploration licenses. Each of our procedure for research through this beliefs is tiresome given your interest is actually mostly while using the key stakeholders and lovers in our organization, as an alternative to facilitators.

We all don’t come up with a ultimate determination to virtually any venture or maybe money option except if were 100% confident and also at times most of us distance themself in the event that at this time there will never be total disclosure or even doubtful representations.

In all of the instances, we arranged critical targeted milestones to be realized, which often produce Astra while using the possibility and/or choice to definitely not continue in the event these kinds of goals are certainly not attained.

More to the point, all of us tend not to continue together with almost any financial transaction except we have acquired earlier remaining prepared along with authorised signal aloof from our own authorized experts, and still have available the desired legitimate certification highlighting the positioning of the nominated Astra entity involved in the distinct undertaking.

Regrettably in this particular tough financial planet vacation facilitators, whose assignments might not exactly have got satisfied your rigid specifications, still find it useful to criticise our own corporation in addition to allege lawsuit about blogs in addition to World-wide-web advertising.

We are able to promise you which just about any 3rd party or not related complaint regarding Astra, particularly through disreputable Internet sites, features hardly any foundation in fact.

This specific practice features happened often to Astra and many various other high-growth businesses, the other need to question precisely why facilitators generate on these disreputable Websites should they include really completed their particular obligations adequately and possess the best placement.

Your Company directors will not likely thoughts on almost any specific matter typically, yet make it possible for the appropriate reps, take care of some of these troubles.

The particular Directors will probably, naturally, make sure almost any shareholder problem is usually taken care of.

In the event that there was clearly any make any difference where we definitely not mentioned properly or reported towards the market segments, each of our appropriate consultants immediately after correct sufficient research to be sure quality and correctness, would have first prevailed on you in respect of any kind of inaccuracies, and we might include amended your situation.

The only real exception will be in the event that there was clearly misrepresentations made to us by means of next get-togethers or maybe facilitators, and also in this instance our own separate law firms would certainly recommend us all to never create any press releases if the subject prejudices the foreseeable future placement officially or even has an effect on our capability to manufacture a referral for the government bodies.

New web site along with World wide web activity have been brought on through past consultants along with tool vendors who have not necessarily done on their deals or who’ve structurally defaulted inside functionality regarding conditions associated with contracts.

In every event each of our lawyers get initiated or maybe begins process resistant to the people in addition to management and business organizations involved. In all of the circumstances the lawful place may be verified in addition to confirmed independently, along with for good reasons merely recognized to many of these functions the nicely balanced see will not be indicated publicly. The Company directors possess continually merely insecure or perhaps started lawful actions to guarantee the hobbies of the shareholders tend to be maintained and also shielded.

Jaydeep biswas - Complaint with out giving the truth as well as total specifics is simple to generate, although to create a business for all the shareholders’ pursuits in these kinds of complicated occasions will be something almost all Astra investors entrance hall your Company directors to perform. The actual upkeep on the shareholders’ likes and dislikes will be the key target on the Administrators.

Astra is actually holding the EGM regarding shareholders in 26th Sept 2012 and we will employ this community forum to achieve shareholder acceptance for a lot of the superb expansion possibilities prior to us.

The Company directors expect viewing all our own investors with the EGM.

Jaydeep Biswas – CEO

Silvana De Cianni – Managing Director

For further information please go to Astra Resources

Astra Resources - The Directors of international diversified resource company Astra Resources Plc (“Astra”) (FWB Code: 9AR) have been asked by our shareholders to respond to misinformed views expressed by non-associated external parties on blog sites and media about the company’s strategy

The world is undergoing tremendous change. Capital markets are under enormous pressure, and growth is slowing in major developing countries. 

Jaydeep biswas - We wrote some two years ago that long supply lines for mined commodity resources to developing markets which require high operating, logistics and capital costs will come under pressure if developing countries focus on progressing their own resources and introduce new technologies using their low cost structure. 

The one constant in human development over time has been the development of new technologies in every area of life. Hence, Astra focused on acquiring proven, disruptive technologies for the resources business which change the cost structure of end-user demand, frequently reducing the demand for resources, e.g. strengthening steel so the product and associated raw material use per capita would be reduced, and use of brown coal in developing countries for power generation rather than importing black coal.

We have developed a technology-led resources company with a cornerstone position in carbon efficient businesses and technology with an emergent selective entry into property, agricultural commodities and renewable resources where it balances our long-term portfolio. 

Since the commencement of Astra, we have focused our attention on building the Intellectual Property and asset position of the company, as a preference to developing revenues in a capital-depleted world. The prime reason for the focus has been our attempt to build a major company rather than focus on a single asset-mining project that ends up as a microcap. 

This strategy is consistent with entering major global exchanges for the registration of the proposed IPO, as such global exchanges will provide the necessary access to capital to put the Intellectual Property and assets into revenue. 

Additionally, the registration of the proposed IPO on any of the major global exchanges will enable an appropriate and correct valuation of the Intellectual Property and assets of the company. The major global exchanges will provide a share price of the company (upon the registration of the IPO) which is consistent with the value of the Intellectual Property and assets of the company.

Achieving this is not a quick process, and we have kept shareholders fully informed of all acquisitions of Intellectual Property and assets as and when occurred.

In mining we have taken the philosophy to shy away from projects that require further exploration and major infrastructure, and do not have imminent mining licenses. Our process of due diligence within this philosophy is tedious given our interest is primarily with the key stakeholders and partners of our company, rather than facilitators.

We do not make a final commitment to any project or funding route unless we are 100% sure and sometimes we withdraw if there has not been full disclosure or questionable representations.

In all circumstances, we set key target milestones to be achieved, which provide Astra with the opportunity and/or option to not proceed if these targets are not achieved.

More importantly, we do not proceed with any transaction unless we have received prior final written and authorised sign off from our legal advisors, and have in place the required legal documentation reflecting the position of the nominated Astra entity involved in the specific project.

Unfortunately in this difficult economic world third party facilitators, whose projects may not have met our stringent requirements, find it useful to criticise our company and allege litigation on blog sites and Internet media.

We can assure you that any third party or unrelated criticism of Astra, particularly through disreputable Internet sites, has absolutely no basis in fact.

This practice has happened frequently to Astra and many other high-growth companies, and one must wonder why facilitators write on these disreputable Internet sites if they have truly carried out their obligations properly and have a legitimate position.

The Directors will not comment directly on any particular matter as a rule, but allow our legal representatives, deal with any of these issues.

The Directors will, of course, ensure that any shareholder query is attended to.

If there was any matter on which we had not stated correctly or announced to the markets, our legal advisors after proper due diligence to ensure clarity and correctness, would have first prevailed on us as to any inaccuracies, and we would have amended our position.

The only exception is if there were misrepresentations made to us by third parties or facilitators, and in this case our independent lawyers would advise us not to make any announcements if the matter prejudices our future position legally or impacts our ability to make a referral to the regulators.

Recent blog and Internet activity has been triggered by previous advisors and asset providers who have not performed on their agreements or who have structurally defaulted in the performance of provisions of agreements.

In each case our lawyers have begun or will begin proceedings against the individuals and corporate entities involved. In all cases our legal position has been confirmed and verified independently, and for reasons only known to some of these parties a balanced view has not been expressed publicly. The Directors have at all times only threatened or commenced legal proceedings to ensure the interests of the shareholders are maintained and protected.

Jaydeep biswas - Criticism without giving the true and complete facts is easy to make, but to build a company for all of the shareholders’ interests in these difficult times is something all Astra shareholders lobby the Directors to do. The maintenance of the shareholders’ interests is the key focus of the Directors.

Astra is holding an EGM of shareholders on 26th September 2012 and we will use this forum to gain shareholder approval for some of the wonderful growth opportunities before us.

The Directors look forward to seeing all our shareholders at the EGM.

Jaydeep Biswas - CEO

Silvana De Cianni - Managing Director

For further information please go to Astra Resources

Astra Resources - Renellbank as well as advisors usually are taking the many halts to raise your suspension of Astra Resources Plc (9AR) along with assume your suspension to be removed with small detect. With the suspension, Renellbank can be liaising tightly while using Alternate in order to resolve the situation.

Make sure you possibly be suggested that this suspension is just not a subject regarding Astra or maybe the administrators Jaydeep biswas.

Jaydeep biswas - In the meantime most functions are working tightly with each other to own enhance on the Perfect Common from the Frankfurt Stock exchange (Deutsche Boerse) and also the emission of any sec prospectus.

Marc Renell

Director

Renell Wertpapierhandelsbank AG

For further information please go to Astra Resources

Astra Resources - Renellbank and experts usually are dragging each of the halts for you to lift the suspension connected with Astra Methods Plc (9AR) along with assume the particular suspension to get raised at small notice. In conjunction with the suspension, Renellbank is usually liaising directly while using Alternate to solve the issue.

Make sure you be suggested how the suspension seriously isn’t a make any difference related to Astra or maybe the owners Jaydeep biswas.

Jaydeep biswas - Meanwhile all get-togethers are working closely jointly to achieve the update to the Prime Standard in the Frankfurt Stock market (Deutsche Boerse) along with the emission of the stock options prospectus.

Marc Renell

Director

Renell Wertpapierhandelsbank AG

For further information please go to Astra Resources

Astra Resources - Renellbank and it is analysts are usually taking every one of the puts a stop to in order to elevate the suspension associated with Astra Methods Plc (9AR) as well as expect the actual suspension to be elevated with limited detect. With the suspension, Renellbank is usually liaising closely while using the Swap to solve the matter.

You need to always be advised that this suspension is just not some sort of make any difference related to Astra or maybe its owners Jaydeep biswas.

Jaydeep biswas - At the same time most parties will work tightly together to offer the improve towards the Excellent Common in the Frankfurt Stock market (Deutsche Boerse) as well as the emission of your stock options prospectus.

Marc Renell

Director

Renell Wertpapierhandelsbank AG

For further information please go to Astra Resources