Suggest you read the November AGM presentation. Vulcan & Parkinson Dam are valuable assets which could be sold and for TAS to proceed with exploration requires an injection of funds from a JV partner and metal prices to increase significantly. Why would you risk it? As of 1 Nov they had $580K in the bank and $3.625m in options to be exercised by end of Mar 2018 with plenty of change to exercise their 101m Eden options by Sep 2018. They don't have a cashflow problem at all. And then there's their 12% stake in CNJ, which could also be sold (but is looking like it might do OK given cobalt prices).
- Tasman holds 493 million shares (42%) in the issued capital of Eden and 101 million EDEO options.
- Market value of Eden holding - $128 million*
- Current Market Capital of Tasman - $67 million*
- Tasman cash at bank - $580,000 *
- 72.5 million TASO (5c) on issue - 31/03/18 - $3.625m
* As of November 1
Suggest you read the November AGM presentation. Vulcan &...
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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