Posted 1 year ago

Jaydeep biswas - Astra Executive Oversees Progress of Philippines Iron Sands Project

Jaydeep biswas - 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.

Jaydeep biswas - “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.

Jaydeep biswas - 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.

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Posted 1 year ago

Jaydeep biswas - Astra Appoints Accounting Firm To Review Subsidiary Companies Ahead Of IPO

Jaydeep biswas - Worldwide diversified source firm Astra Resources (FWB Code: 9AR) has engaged by way of its business advisors the solutions of the accounting agency Punongbayan & Araullo (a member business of Grant Thornton Global) to undertake an unbiased skilled review and inspection of the economic info provided by firms and businesses that Astra proposes to purchase or has acquired. 

The decision of the provider as a member agency of an intercontinental expert services organisation is in line with the requirements of the proposed global underwriters that will be concerned in the planned IPO of Astra Sources Plc. 

Astra CEO Jaydeep biswas claims the review of the businesses, such as their organization programs and financial projections for the following 25 years, is necessary to finalise the problem of a prospectus and its pricing.

“We have previously introduced our intention to checklist on the Prime Regular of Deutche Bourse in the close to potential as properly as other global exchanges,” Jaydeep biswas states.

“The skilled overview of our subsidiary companies is yet another phase in finishing the necessary due diligence in the listing procedure and brings us one stage nearer to achieving this goal.

“Once listed, we will have the funds to comprehensive present acquisitions and continue to seek out other people that in shape in our disruptive technologies approach.”

In line with Astra’s focus on a disruptive innovation technique, the organizations and organizations it proposes to or has already acquired are all inefficient industries with higher value buildings and monopolists. 

Astra programs to get into or buy out entities that offer the ground-breaking technologies that will fulfill the needs of end-consumers, such as amid other folks these relevant to the production of metal, substitute resources of vitality, and reuse of recyclable components. 

This strategy also actively seeks viable coal, iron ore, gold and copper mining property for acquisition that will supply the uncooked components necessary by the previous. By way of its mining functions, Astra is able to create its personal interior marketplace, thus insulating the organization against fluctuating commodity costs, and minimizing its business danger by hedging its operations. 

As a last part of its approach, and to complement its technology and mining pursuits, Astra has also delved into house growth, commodities trading and agriculture organizations.

Astra Controlling Director Silvana De Cianni says that Punongbayan & Araullo, as commissioned, is predicted perform a evaluation and inspection of the monetary data supplied by businesses and businesses that Astra proposes to purchase or has obtained. 

“In specific, the company will evaluate the relevance of the projection time period to the character of the undertaking company’s procedure and for the consolidation procedure,” Ms De Cianni claims.

“They will also establish the mathematical precision and rational integrity of the monetary model by compiling a individual product employing the authentic assumptions, comparing the results of the two and concentrating the evaluation on the differences in between the two types. 

“This incorporates evaluating the contents of the enterprise plan with the assumptions used in the fiscal product and assessing the foundation for the assumptions, if any. Finally they will assess the completeness of revenues, expenses, property and other stability sheet information as computed by evaluating them with what similar institutions are predicted to contain as comparators are obtainable.”

The facts as supplied has been used in generating the initial valuation operates of the corporate operation of every single organization for acquisition or already acquired. Toward this stop, 3 valuation methodologies will be employed, anytime practicable, to determine their applicability to each entity. These include the internet asset benefit*, discounted income flow and market valuation methodologies. 

These methodologies conform to the Intercontinental Valuation Standards (IVS), the most recent revision of which was released by the Worldwide Valuation Expectations Council in 2011 and became successful this January 2012. The relevant normal for the function being executed is that of IVS two hundred on the “Valuation of Companies and Organization Interests”.

Astra Resources’ worldwide portfolio includes gold passions in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity companies, the creation of the high-energy T-Steel engineering in Hungary, thoroughly clean coal engineering, and a large Agricultural target on making Australia as the foodstuff bowl for the Asian Area.

* Net Asset Benefit

The Internet Asset Value (NAV), a balance sheet-primarily based valuation strategy, has been determined to be the minimum acceptable measurement of the price of the venture entity at this position for numerous of the companies blanketed by the overview inasmuch as the companies are only about to start their respective functions. Regardless of what growth each and every venture firm will knowledge will rely on their planned cash investment decision. An choice way to viewing the facts will be produced by getting the typical NAV of the Firm in its first 5 many years of entire procedure. This will be in comparison with the development plans of the firm itself and will be additional in comparison with the historic knowledge of similar organizations as accessible.

The Discounted Cash Circulation (DCF) method, on the other hand, is a cash circulation statement-dependent methodology. This utilizes the projected cash flows generated by the project firm, to which the terminal worth at the conclude of the projection interval is additional. The first DCF values will be computed on the foundation of the economic info presented by every single project company, utilizing three discount rates. The 1st two lower price prices refer to the average price of cash (WACC) as described in the company plan and in the financial design. The previous lower price charge has been derived from prevailing enterprise threat prices associated to the firm. Primarily based on the design reviewed, the figures obtained from this technique could change out to be way too high since the projected revenues and costs of the businesses still need to be further examined.

The cost-earnings (P/E) method, a industry and revenue assertion-dependent method, will also be used for valuation.  Underneath this method, comparable outlined businesses, if there are any, will be determined for comparators. The P/E ratios will be applied on the common earnings for the initial five (five) several years of projected stabilized operations. To account for the relative “newness” of every single entity and the truth that it is nevertheless unlisted, a liquidity low cost of 25% has been utilized on the computed values, as encouraged in Christopher Glover’s “Valuation of Unquoted Companies”.

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Posted 1 year ago

Jaydeep biswas - Astra Appoints Accounting Firm To Review Subsidiary Companies Ahead Of IPO

Jaydeep biswas - 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”.

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Posted 1 year ago

Jaydeep biswas - Astra Terminates Joma Ore Tailings Project Acquisition

Jaydeep biswas - 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 jaydeep biswas

Posted 1 year ago

Jaydeep biswas - Astra Resources EGM Passes All 17 Resolutions

Jaydeep biswas - 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 jaydeep biswas

Posted 1 year ago

Jaydeep biswas - Astra Responds To Online Comments About Company Strategy

Jaydeep biswas - Your Directors regarding intercontinental diversified learning resource firm Astra Resources Plc (“Astra”) (FWB Rule: 9AR) are already requested by simply our investors to answer misinformed sights expressed by means of non-associated exterior events in blogs and also advertising about the company’s approach

The world is actually undergoing huge adjust. Funds marketplaces are under huge stress, and growth can be delaying inside major developing places.

Jaydeep biswas - Many of us had written a few a couple of years in the past in which prolonged source traces for mined thing resources to help acquiring markets which in turn involve large operating, logistics and capital fees should come pressurized in the event developing international locations consentrate on accelerating their particular assets in addition to bring in completely new technologies employing their cheap composition.

The one regular inside individual progress with time may be this improvement involving brand-new technologies atlanta divorce attorneys section of existence. Therefore, Astra dedicated to purchasing confirmed, disruptive technological know-how for that means organization which often adjust the charge framework of end-user demand, frequently reducing the particular requirement with regard to resources, age. gary. building up steel hence the product and connected organic substance utilize each capita could be diminished, and also using darkish coal throughout building nations around the world pertaining to electric power era rather than posting black fossil fuel.

We’ve got formulated some sort of technology-led methods corporation that has a building block place with carbon dioxide successful companies and also technology through an emergent discerning accessibility directly into property or home, farming items in addition to alternative resources where by the item scales your long-term collection.

Since the start associated with Astra, we now have focused our attention about constructing your Cerebral Property or home as well as tool place on the corporation, as a choice for you to establishing earnings inside a capital-depleted entire world. The actual leading reason for your concentrate have been our try and develop a important corporation as an alternative to concentration using one asset-mining challenge in which ultimately ends up to be a microcap.

This strategy can be in line with entering major global deals with the sign up with the planned IPO, consequently international exchanges will supply the required entry to funds that will put this Intelligent Property or home and also possessions in to income.

Furthermore, your registration with the proposed IPO in from any of the significant world-wide transactions will enable a suitable as well as correct worth with the Intelligent Home as well as property with the business. This major international transactions can provide the write about price tag of the firm (upon the actual registration of the IPO) which is in keeping with the value with the Intellectual Home as well as belongings on the organization.

Attaining this may not be a simple procedure, along with we now have held investors fully educated of acquisitions involving Mental Residence along with assets seeing that and when happened.

With mining we have now taken the viewpoint to be able to timid far from tasks that require even more seek along with main infrastructure, and have got certain exploration permits. Our own strategy of due diligence in such a beliefs is monotonous given our own curiosity is primarily with all the key stakeholders in addition to spouses your company, as opposed to facilitators.

Most of us tend not to create a final dedication in order to virtually any undertaking as well as money course except i am 100% confident and also from time to time we take in case at this time there will never be whole disclosure as well as in question representations.

In all situation, we all fixed essential concentrate on milestones to get attained, which usually provide Astra using the option and/or substitute for certainly not proceed if these kind of targets usually are not reached.

More to the point, all of us don’t continue with virtually any deal except if we have obtained previous final published in addition to authorised signal far from your legitimate analysts, and have in position the desired authorized paperwork sending the positioning from the nominated Astra entity involved in the distinct task.

Sadly with this tough economical entire world 3rd party facilitators, as their jobs may not possess fulfilled our own tough requirements, find it useful to criticise our own firm and allege suit in blog sites as well as Internet marketing.

You can assure an individual in which just about any vacation or perhaps not related criticism involving Astra, in particular by means of disreputable Web sites, has simply no foundation in truth.

That practice has occured regularly to help Astra and several various other high-growth organizations, and something have to ponder the reason why facilitators write on most of these disreputable Websites as long as they possess genuinely carried out their own responsibilities appropriately and also have the best placement.

The particular Company directors is not going to remark entirely on any specific make any difference as a rule, although let our legal representatives, take care of any of these troubles.

This Owners will, certainly, make sure just about any shareholder problem is taken care of.

In the event that there was clearly just about any make any difference which we had not reported the right way or perhaps declared on the areas, our own appropriate experts following right sufficient research to make certain lucidity and correctness, would’ve very first prevailed upon you as to almost any inaccuracies, and also we would have got amended our own position.

The one different is actually in the event that there was misrepresentations made to you by means of finally events or facilitators, as well as in such cases your separate lawyers would guide us all not to ever create almost any announcements if your make a difference prejudices your upcoming place lawfully or even has effects on the capability to produce a recommendation towards the government bodies.

Latest weblog and World wide web exercise has become activated by means of preceding consultants as well as tool suppliers with not carried out on the documents as well as that have structurally defaulted in the overall performance associated with conditions connected with arrangements.

With every scenario your attorneys include initiated or maybe will become cases against the people and corporate and business agencies included. In all instances our lawful place have been validated in addition to validated on their own, as well as intended for good reasons just recognized to some parties some sort of balanced look at will never be stated widely. The Administrators include always just vulnerable as well as initiated authorized proceedings to ensure the pursuits from the shareholders are usually maintained along with guarded.

Jaydeep biswas - Critique without presenting the true and complete information is simple for making, yet to develop an organization regarding all of the shareholders’ passions within most of these tough occasions will be some thing just about all Astra shareholders entrance hall the Company directors to try and do. Your repair of the shareholders’ likes and dislikes may be the important focus with the Directors.

Astra is actually positioning a great EGM connected with investors in 26th September 2012 and we’ll make use of this community to find shareholder endorsement with regard to a lot of the superb increase options ahead of all of us.

The actual Administrators anticipate experiencing many our investors with the EGM.

Jaydeep Biswas – CEO

Silvana De Cianni – Managing Director

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Posted 1 year ago

Jaydeep biswas - Astra Responds To Online Comments About Company Strategy

Jaydeep biswas - 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 jaydeep biswas

Posted 1 year ago

Jaydeep biswas - Astra Resources Suspended - Temporary Suspension To Be Lifted Soon

Jaydeep biswas - Renellbank as well as consultants are usually taking every one of the halts in order to lift the particular suspension of Astra Sources Plc (9AR) in addition to be expecting the particular suspension to be elevated from limited discover. With the suspension, Renellbank is usually liaising directly with the Trade to fix the matter.

Please possibly be encouraged the suspension is just not the matter related to Astra or the owners Jaydeep biswas.

Jaydeep biswas - Meanwhile most parties will work directly in concert to offer the improve to the Primary Typical of the Frankfurt Stock exchange (Deutsche Boerse) and also the emission of a securities prospectus.

Marc Renell

Director

Renell Wertpapierhandelsbank AG

For further information please go to jaydeep biswas

Posted 2 years ago

Jaydeep biswas - Temporary Suspension of Astra Resources Plc.

Jaydeep biswas - Renellbank and it is advisors are dragging every one of the halts for you to lift up the actual suspension regarding Astra Resources Plc (9AR) along with be expecting your suspension being lifted in quick notice. In conjunction with the suspension, Renellbank is usually liaising carefully with the Exchange to unravel the challenge.

Remember to possibly be advised that the suspension just isn’t any make any difference to do with Astra or maybe it is directors Jaydeep biswas.

Jaydeep biswas - For the time being almost all events are working tightly jointly to own improve for the Primary Regular on the Frankfurt Stock market (Deutsche Boerse) as well as the emission of a investments prospectus.

Marc Renell

Director

Renell Wertpapierhandelsbank AG

For further information please go to jaydeep biswas

Posted 2 years ago

Jaydeep biswas - Temporary Suspension of Astra Resources Plc.

Jaydeep biswas - Renellbank and its particular consultants are dragging each of the stops to help elevate the particular suspension regarding Astra Resources Plc (9AR) and count on your suspension being lifted at quick observe. In conjunction with the suspension, Renellbank will be liaising carefully while using Swap to fix the issue.

You need to end up being encouraged that this suspension just isn’t a make any difference related to Astra or maybe the company directors Jaydeep biswas.

Jaydeep biswas- For the time being just about all celebrations will work carefully collectively to offer the update on the Leading Standard in the Frankfurt Stock exchange (Deutsche Boerse) and the emission of your sec prospectus.

Marc Renell

Director

Renell Wertpapierhandelsbank AG

For further information please go to jaydeep biswas