ATR – Astron Corporation | Aussie Stock Forums

A long time since the last post on here.

I have held ATR since 2003, all the way through the rise and subsequent fall.

The company has just announced they have received an approach from a third party to buy all the Chinese operations of the company (except for the planned TiO2 pigment plant) for an amount significantly above the company’s market value.

Such a sale would provide ATR with an immense pile of cash to fund the construction of its Donald minerals sands mine, and the TiO2 plant that will take the titanium feedstocks from the Donald mine. I would assume they will get a contract in place with the new owner of ATR to take the zircon from the Donald mine also.

The project in The Gambia is also not included in the sale.

I spoke to the PR woman mentioned in the announcement, and she stated that the company expects to make a further announcement to the market shortly.

ATR has retained Goldman Sachs to advise them.

Remember that the MD Alex Brown owns around sixty percent of the shares in the company, so any price agreed on will be one that satisfies his desire to receive a suitable reward for selling the business he built from the ground over the past 17 years.

ATR has been chronically undervalued for some time, and this value should be realised in the coming weeks.