TAS 0.00% 0.5¢ tasman resources ltd

7.4 x 1.4 =10.36, page-20

  1. 4 Posts.
    RavingStark
    With EDEO so far in-the-money we can assume its price is the same as EDE less 3 cents.
    Thus the value of TAS is 921,915,841 times price of EDE minus $14,495,945 cost of exercising EDEO plus $4,088,669 proceeds of TASO exercise. All this spread over 452360611 diluted TAS shares.
    In other words the value of TAS is 2.038 X price of EDE - 2.3 cents.
    So when EDE went through 10 cents the value of TAS was over 18 cents.
 
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