TAS 0.00% 0.5¢ tasman resources ltd

Ann: Response to ASX Price Query, page-76

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  1. 119 Posts.
    My view as to the discount is that it will mostly rectify itself once the market overhang from the last rights issue is placed. Tas still has some 20million shares and options it can place up until the end of September. The good news is if they are placed the company raises money and that should put a floor under the price. The share price will struggle to close the gap with Eden until such time as these shares are dealt with as the big boys will be trying to get a cheap entry price and that keeps moving up as Eden rises. Ultimatley Tas will close the gap in my view as that is where the bulk of the Directors money is. Imagine owning some 100 million Tas shares between the two brothers and seeing the market value at about half the true value, it wont last if they can have anything to do with it, and they will! Good luck to all as I believe this stock has a long way to go.
 
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Mkt cap ! $4.026M
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No. Vol. Price($)
1 221958 0.4¢
 

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Price($) Vol. No.
0.5¢ 4785706 4
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