Relative value, page-42

Hi,

thanks for the positive mention in your post nursery!

I believe that the catch up may have started a bit today as investors finally woke up to the EdenCrete story and sent the EDE SP rallying strongly.

There has been a lot of scepticism up to now about EdenCrete and a fair amount probably still remains. However, as the clouds slowly disappear investors will see that there is an awful lot of blue sky in EdenCrete etc.. IMHO this will lead to a further considerable appreciation in both SP's in the short to medium term.

I also believe that there are existing investors at the moment selling TAS and buying EDE out of frustration which is holding back the TAS SP a bit (impatience and frustration are never good investment advisors). I believe this trend will cease very soon and both SP’s will rise in tandem with TAS slowly but surely bridging the gap.

Finally, if a chemical company wanted to buy a big chunk of shares to jump on the EdenCrete, EdenPlast, CNT product bandwagon, GS could consider selling TAS's ca. 42% stake. IMHO this stake is currently worth at least AUD500 million. I will leave it to you all to work out where the TAS SP would be should this happen.

Please note that the above is all IMHO and as always please DYOR!

Cheers!

MB