TAS 0.00% 0.5¢ tasman resources ltd

7.4 x 1.4 =10.36, page-81

  1. 5,012 Posts.
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    Most stocks that are valued below cash/assets are suffering from the fear that management will waste the money/assets sooner or later. That happens very often, so it's a sensible fear.

    Maybe TAS management should announce that TAS is ridiculously undervalued, and simultaneously make a definitive statement that they will reduce costs and/or avoid mining expenditure for the foreseeable future, or sell mining assets to focus on EdenCrete. That would have to raise the TAS s/p significantly.

    Either way, if EDE sustains a s/p above 10c for a week or so, then I reckon TAS will move up well. As EDE's future becomes increasingly solid, TAS will rise.

    A director recently spent $317,000 converting TAS options. Surely, he will want to do anything he can to get TAS s/p up to a more sensible level.
 
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