Australian (ASX) Stock Market Forum

TAS - Tasman Resources

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TheAbyss said:
Nioka - What do you make of the Fission IPO spin off of the Sa and WA Uranium assets?
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Is it going to happen? One way or another these type of things should add value. I hold TAS because it is undervalued on it's holdings in EDE alone, everything else it has is a bonus.
 
TheAbyss said:
There is an announcement out today stating that the spin off will happen.
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TAS will still be the majority shareholder and existing TAS holders will end up with shares. Thats a spin up not a spin off. The spin off comes when TAS eventually sells off its share.
 
Speeding ticket today and a response worthy of some shareholder excitement. Good to see a company finally use the ticket to do some free marketing/PR. It's going to be one hell of a ride on this baby in the next couple of weeks.
 
noobs said:
Speeding ticket today and a response worthy of some shareholder excitement. Good to see a company finally use the ticket to do some free marketing/PR. It's going to be one hell of a ride on this baby in the next couple of weeks.
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Pleased to see the company publishing facts to prove what I have been saying for sometime about the undervaluation of TAS. Their value:

EDE 30.8c per share (and rising)
New issue 2c per share
Uranium 4c per share
Plus Lake Torrens, Parkinsons dam and some other prospective tenements.

value 36.8c plus
 
Yes fantastic reply to the ASX query, Hilarious though that they had to spell it out for the market ! Such a painfully obvious undervalue in this company.
 
nioka said:
Pleased to see the company publishing facts to prove what I have been saying for sometime about the undervaluation of TAS. Their value:

EDE 30.8c per share (and rising)
New issue 2c per share
Uranium 4c per share
Plus Lake Torrens, Parkinsons dam and some other prospective tenements.

value 36.8c plus
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The gap is even wider now, Todays close EDE @ .70 and EDEO @ .50


EDE holdings equals 34.9 per share ( Diluted )
New Issue .02
Uranium .04


40.9c value per share without any value for the other ventures !! And a close of .275 for TAS , Wow :confused:
 
It is hard to believe. At least TAS beats EDE in the volume of shares sold. There is still a sizeable list of sellers, probably day traders making a fast dollar on a low priced stock, 14% is not a bad return for 1 day. Should be another 14% again tomorrow if EDE continues on. Actually, on value it should be another 14% even if EDE stays where it is or even falls a little.
 
TAS holds 33m Shares and 33m opies in EDE. At 70c for EDE and 50c for EDEO that represents a market value of $40m for its holdings in EDE.

Now TAS has a fully diluted Mkt Cap of around $27m @ 23c.

The value of its EDE holdings is worth around 36c a share for TAS.

In addition it has explorataion tenements for gold, nickel and uranium, as well as joint ventures.

So even valueing all of these tenements at NIL, TAS is currently valued at $13m less than the market value of its holding in EDE.

Thats some undervaluation.

I hold.
 
dubious - TAS does seem to be an extreme in terms of discount to investment (33%)... but there are plenty of other examples - JRL, HAV, and say LSG's discount to its NTA

i wonder if there is a pricing formula for this sort of thing? (like options pricing formula) As well as transaction costs, some other factors that might be significant:
. the size of holding - eg what would happen to EDE price if TAS did sell (dwn?!)
. demand for holding (ie is EDE attractive for takeover )
. opportunity cost of investment - if TAS did sell do they have high potential projects to put $$s into (market obviously thinks not atm)

others?
 
dubiousinfo said:
TAS holds 33m Shares and 33m opies in EDE. At 70c for EDE and 50c for EDEO that represents a market value of $40m for its holdings in EDE.

Now TAS has a fully diluted Mkt Cap of around $27m @ 23c.

The value of its EDE holdings is worth around 36c a share for TAS.

In addition it has explorataion tenements for gold, nickel and uranium, as well as joint ventures.

So even valueing all of these tenements at NIL, TAS is currently valued at $13m less than the market value of its holding in EDE.

Thats some undervaluation.

I hold.
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On the comparative chart between the two stocks the price gap is as wide as it has ever been. There must be some correction sooner or later because tas is starting to look ridiculously cheap.
 
constable said:
On the comparative chart between the two stocks the price gap is as wide as it has ever been. There must be some correction sooner or later because tas is starting to look ridiculously cheap.
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Unless we are all missing something, obviously nobody either
a. Reads this forum
b. Is interested in Mineral Sands investing (burnt by Iluka perhaps?)

I'm bullish on TAS but I am concerned about this seeming illogical SP gap between EDE and TAS. Smells a bit me.
Ever the cynic...
 
Announcemnt from TAS today re IPO for Fission Energy

8900 sqkms of prospective exploration rights in Sth Oz incl Gawler Craton, as well as 1300 sqkms applied for in Yilgarn / Rudall Rvr in WA

IPO: 20m shares @ 20c to raise $4m, (oversubscription up to 10m shares) / min applcn 10,000 shares / opens 19 April, close 1 June

Fission plans to list June 11 with 47m shares / 12.5m 20c options

TAS shareholders (rec date 16 April) get priority for 17.5m shares
 
Yep I am a shareholder. I intend to subscribe. Looks a very good float and some great areas in WA as well.
 
Anybody care to speculate the reason behind the volume increase in TAS today considering the cut off for priority in there new U float was yesterday?
Parkinson dam drilling results maybe?
 
Re: Fission Energy , UNited Uranium

Hi guys

I saw some of the old threads on Fission Energy. The IPO is still on.
Do you guys still think the share is worth for investment.
United Uranium got closed within two days apparently. Is there any regulation that the company has to notify in news paper about its non accepting a share application or to close it as soon as it decides not to honour any application ? Beauty is that if you apply they will encash your money even the share got closed and then will keep the money for 8 weeks after the share gets listed in SE.
WHo enjoys the interest for three months ?

Regards

Miner
15 may 07
 
TAS in trading halt this morning, pending the release of what they call a "significant" announcement to the market prior to open on Monday 18 June.

Interesting. Not sure if this is related to the fission float, we shall see.
 
well, announcement out already, good release, good interesctions of gold at parkinson dam project in SA. Up 10cents on open.

Im glad, i have it as my June stock tip. Rock on TAS.
 
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