Australian (ASX) Stock Market Forum

TAS - Tasman Resources

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noobs said:
Finally some buyers coming back into TAS - Up 25% on fairly low volumes.
I'm looking forward to reading their quarterly.
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Volume has increased considerably and price has held up. Good sign.
 
noobs said:
A 500,000 buy order at .20c thats $100,000!!!

Does somebody know something we don't??
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Maybe they are finding out what we already know. That it is seriously undervalued.
 
Agreed but for this to come out of the blue like this there has to be something brewing - shorely?

Time will tell - I continue to hold minimum 1 Year.
 
noobs said:
Agreed but for this to come out of the blue like this there has to be something brewing - shorely?

Time will tell - I continue to hold minimum 1 Year.
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I think they will get a speeding ticket today. EDE hasn't changed so it must be something specific to TAS. Maybe this forum has more influence than we give it credit for. Anyone hearing about it and doing some research would have to be interested.
 
Maybe Nioka,

I agree that this forum does have influence as you can see from YML, TTR and JMS when Young Trader posted fundamentals about the 3! I don't belive it is ASF as there has not been sufficient discussion to warrant a buy decision (today anyway.)

Looking forward to next week although I expect the ASX to have a slight correction as it has done remarkabely well of late

Happy Australia Day!
 
Up again today with reasonable volume. This goes a little way towards closing the gap with EDE but there is still more room for increases there. EDE is giving good reports which should reflect in improvements down the line for TAS. I will continue to hold and happy to do so.
 
Good Volumes on TAS today - I am eagerly awaiting TAS & EDE's quarterlys
(Not to mention TTR's)
 
EDE has reached a new high. There is no reason why TAS should not follow. The TAS price is now a discount on it's EDE holding without even taking into account it's other assets.
 
The relationship between TAS and EDE gets harder to understand by the minute. EDE closed the day up 7c (at one stage up 8.5c) with plenty of buyers. On the other hand TAS ended up only !c up with buyers noticable by their absence. I'm tempted to top up TAS but last time I did that I paid too much. Maybe it is not the cheap way into EDE and the Hythane project which I believe has great potential.
 
Agreed Nioka,

But we have been warned that many other companies are in similar boats when it comes to having holdings in other companies (refer previous posts in TAS thread). I liked the fact that they clearly stated that they hold so many shares in EDE which is currently worth .20c (b4 the rise today) in one of their opening statements in the quarterly.

IMO the best way into EDE is tthe oppies on the next retrace (if we get one)

Good luck
 
It was on again today, EDE up 11.46% TAS down 2.58% And I thought buying TAS was agood way into EDE. It was a cheap way in but it is still cheap. Will it ever catch up?
 
The gap between TAS and EDE widened again today. EDE up 12c and TAS up only 2.5c.
Buyers of EDE must not appreciate the %age holding in EDE by TAS.
It's good to see my TAS shares finally out of the red ink but I'd like to see the EDE price reflected a little more. Hopefully tomorrow.
 
I'm with you Nioka,
Great to see some green finally emerging from this one. Great to see it close strongly on the high for the day. I am also hoping for a strong day tomorrow with both EDE & TAS although as I have stated previously i'm long on both.
 
nioka said:
The gap between TAS and EDE widened again today. EDE up 12c and TAS up only 2.5c.
Buyers of EDE must not appreciate the %age holding in EDE by TAS.
It's good to see my TAS shares finally out of the red ink but I'd like to see the EDE price reflected a little more. Hopefully tomorrow.
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I dont know but it seems like a one month lag nioka for the rest of the world to catch up :banghead: not holding but good luck!
 
I think Tasman is Grossly under priced on 8th Feb EDE prices.

This is the way i see it.

Tasman has 109m shares, 8.8m 20c options = 117.8m.

assets

33m EDE @.65 = 21.45m
32.5m EDEO @ .41 = 13.325m
.20c option excercise fee for 8.8m TASO = 1.76m
Total 36.535m

Divide this by total shares and oppies /117.8m

Equals Total Diluted price per share .31c

And this is before we account for any other TAS assets !

And todays close price of .235 makes this company a bargain !? Oppys traded close to there true value at last price of .10c Unless off coarse ive totally screwed my figures here :eek:
 
numbercruncher said:
I think Tasman is Grossly under priced on 8th Feb EDE prices.

This is the way i see it.

Tasman has 109m shares, 8.8m 20c options = 117.8m.

assets

33m EDE @.65 = 21.45m
32.5m EDEO @ .41 = 13.325m
.20c option excercise fee for 8.8m TASO = 1.76m
Total 36.535m

Divide this by total shares and oppies /117.8m

Equals Total Diluted price per share .31c

And this is before we account for any other TAS assets !

And todays close price of .235 makes this company a bargain !? Oppys traded close to there true value at last price of .10c Unless off coarse ive totally screwed my figures here :eek:
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Exactly.
 
TAS has come up with a non renounceable prorata rights issue. This offer gives rights to purchase 1 share @ 16c and get a free option for another at 20c in Dec 2009 for every 8 shares held. This does add some value to the TAS shares selling today @ 24c.
 
TAS sp is on the rise again today. Selling now at 27c and the highest price for 2 years. I have taken the DOG tag off it for now and am happy to hold and get the "Hythane" benefit.( As well as the discounted share and option offer.)
 
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