How can EDE get taken over if TAS holds over 40%.
TAS has effectively 593mill shares in EDE (fully diluted and selling EDE shares to convert the options.) TAS/EDE Ratio is EDE price * 593/385= 1.54
If EDE is 25c TAS equivalent value is 37.5c
EDE 9 years of 100% expansion of 50mill @US25, after this initial 25 times expansion planning.
that's 1.25 Billion $US revenue stage one, after 9 yrs 11.25 $billion revenue
TAS has 593/1340 of this EDE value.
TAS has CNJ $1.2bill cobalt insitu + nickel insitu $954mill
value, page-16
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