Ann: Acquisition and use of technology licence ag, page-14

re: Ann: ATR: Acquisition and use of technolo... Ferg...

While Astron is a listed company, it's controlled by one person.

Of 65M shares outstanding, Alex Brown has an interest in 44M. His wife, Mdm Kang Rong, is also a director with a further 2M shares.

Together they earnt $1.7M from the company in 2008.

An interesting article by Alan Koeler appeared in The Age a few years back about Brown...
http://www.theage.com.au/articles/2004/06/30/1088488026338.html

I think it's a great fit with APG.... ATR has the cash and Federal approval to mine and process the Horsham deposit. APG has the means for processing. This part of ATR's 2009 Ann Rpt is interesting....

Our objective is to create long term value through the developing and acquiring technologies that give us the opportunity to produce industrial metals and minerals competitively.
A summary of the Groups strategy going forward is as follows:
-To provide an integrated chain from mining of mineral sands through to selling product to intermediary and end user markets
-Astron will focus its efforts on the development and acquisition of new technologies that allow Astron to produce specialty metals and chemicals at a competitive cost
-Ensure that technologies are not destructive to the environments in which they operate
-To develop its mining, manufacturing and other infrastructure, together with its own balance sheet and with funding from Chinese partners
-Secure feedstock for its production facilities through its own sources, acquisitions and supply contracts
-Through joint venture arrangements, or independently, create the platform in China to trade Astron and third party produced product

DELIVERING ON THE STRATEGY
With the building blocks in place we are continuing the work needed to unlock the value inherent in our projects and technologies. This includes:
-Identifying and raising funding through possible joint venture partners for Donald. Simultaneously with this process, updating feasibility studies and thereafter commencing the pilot plant operation
-Continued development of our downstream applications including the ZOC and Zirpaque processes
-In respect of Titanium, continue laboratory and pilot plant trials. This technology could enable the Group to produce titanium at a competitive cost
-We are in discussions with Chinese partners regarding possible metal trading relationships. This will allow us to gain access to these markets
-Achieving finality in respect of the Gambia and Senegal situations
-Identify and conclude appropriate acquisitions that are in line with the Groups strategy