great summary ... When we look at the TAS announcements, how many are not simply on the coat tails of EDE's milestones ?
Other than having a nice piece of EDE, what is TAS driving towards while it ?
Vulcan - seeking JV partner
Parkinson - more work to be done.
I have some TAS, (saw it as a cheap punt to extend EDE shareholding) but am not convinced they are as undervalued as many think... at least not until some of their non Eden stuff grows legs.
I assume that TAS will prob need to sell off some of their EDE holdings to fund itself going forward... holding TAS then will require me to have faith in their specific projects.
Happy to be corrected.
TAS/EDE relative values, page-540
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