Relative value between TAS and EDE, page-61

Considering nobody on the EDE forum seems to want to make a statement about where the EDE SP might be heading on a chart, I thought I might take a stab at some TA.

Although I am not really a TA expert (is anyone?), I see the EDE SP consolidating for the rest of this week under, or around the 10 cent level (without any additional announcements of course). In the very short term i.e. over the next couple of weeks, I see strong resistance at 12 cents, which is where there was considerable support in Decemenber 2017, and basically where the rally fizzled out yesterday. If this level is broken to the upside and convincingly, I see the EDE SP then testing the 16-17 cent level, which was the high in January this year. This information is all pretty clear to me on a 52 week chart.

The next stiff resistance I see (on a 2 year chart), will be at 20 cents. However, I strongly doubt that the EDE SP will get anywhere near, or breach this level, without another very exciting announcement or two (which actually really could come at any time, and on a number of fronts). Having said this, I do believe that the EDE SP will be around, or above this level, by the end this year.

Turning to the medium to long term, considering that the EDE SP reached 36 cents in early 2017, and considering that EdenCrete is much more advanced now than it was way back then, particularly in view of the Twiggs County, Korea and Parchem developments, this is where I believe the EDE SP will end up sometime in 2019. The Parchem distribution deal alone, is IMHO almost a guarantee of this happening. For me, the million dollar question is only when the EDE SP will revisit this level.

With regard to the TAS SP, I believe that it will continue to track the EDE SP like a faithful dog. However, I remain convinced that investors will slowly bridge the current and somewhat mystifying discounted valuation gap with the EDE SP between now and the end of the year.

Please note: As far as I know TAS is currently looking for JV partners for both its Vulcan and Pernatty mining tenements. If a major was to indeed enter into a JV for one or both of these tenements, it goes without saying, that the TAS SP would reach parity, or possibly even trade at a premium to the EDE SP almost immediately.

The above is my opinion only, and not a recommendation to buy, sell or hold either EDE or TAS.