Relative value between TAS and EDE, page-15

Without a doubt if the remaining EDE (after a distribution) were to be sold the $$$ would be used for mining purposes. That in itself might see a spike in the price.

Though on the flip side TAS's possible asset for future possible income from EDE is now null and void and TAS would then remain soley on mining as a form of income, unless part of the sale of EDE is funded to by another shell company.

Its a tricky situation, one the board will no doubt have thought through and made many possible scenarios.

There is a figure the board will be happy to offload some EDE's in lieu of $$$ to fund Vulcan deposit. What that figure is is anyone's guess, as I doubt the board will let it slip in an announcement or AGM. Only way we will be made aware of it is through a trading halt.