TAS 0.00% 0.5¢ tasman resources ltd

My view as to the discount is that it will mostly rectify itself...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  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.
 
watchlist Created with Sketch. Add TAS (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $4.026M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 221958 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 4785706 4
View Market Depth
Last trade - 16.12pm 18/11/2024 (20 minute delay) ?
TAS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.