TAS
If you read the announcement below, then for every 1c of EDE, TAS is worth 1.5c approximately. An announcement was made by TAS on March 2016 when EDE was valued at 10c by the market. TAS was worth 15c each, based solely on its holding in EDE. I subsequently investigated and found that TAS has no debt.
Today EDE is around 20c and TAS is only around 13c to 16c over the last few days. I topped up 3 parcels at 13, 14c and 15.5c.
I hope my basic arithmetic knowledge will serve me well... because with simple calculation, TAS should be worth around 30c if it liquidates and sell their holding in the market at current EDE price.
posted by Club Mulgoa @ 6:08 PM
3 Comments:
EDE continues to make multiple good announcements. Share price jumps and then falls back each time. Last two were terrific news yet the market response over the longer run is muted.
One was the requirement for all USA Georgia state tenders to include EdenCrete in their concrete and the other was increasing the number of employees to market the cement additive when progress has already been made into other states.
Institutions piled into EDE with placements at 18c today. TAS is worth about 1.5x per EDE share. That means it is far cheaper to pile into TAS than buy the placement at 18c! TAS is worth 16c per share currently but based on its holding in EDE only and without any debt, it should be worth 27c if EDE market price is 18c. No, EDE is currently at 22c; that means TAS should be 33c. And that does not include its exploration tenements.
If I am super wealthy, I would takeover TAS just to gain control of EDE!
Whenever EDE goes for a run after a good announcement, TAS would follow suit and inform the market that it is worth 1.5x based solely on its holding in EDE (with no debt!).
Yet, its share price is nowhere near 1.5x... In fact, far less!!!
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