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TAS - Tasman Resources

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Hmmm...trading halt "pending the release of an exploration update with regard to the Vulcan drilling program". Now... which draw did I throw these?
 
Oh well back in the draw with these. A quick summary of the long awaited announcement would be....
Found nothing but looks good :rolleyes:
 
looking a little more like a buy around the 8.5cents mark ?
keen to get anyones thoughts on these guys at the moment

jc
 
TAS has steadily risen in SP since the beginning of this month with no announcements.
Does anyone know of any activity associated with this stock? ie. Vulcan
 
GumbyLearner said:
TAS has steadily risen in SP since the beginning of this month with no announcements.
Does anyone know of any activity associated with this stock? ie. Vulcan
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Tas has been a much undervalued stock.
1. They are a major shareholder in Eden Energy and Eden Energy looks to have a good future with the roll out of Hythane fuel outlets in India. That is a story in itself.(google Hythane).Apart from Hythane, EDE have a few other interests including geothermals (includes a farm in arrangement witt Orign Energy) and coal seam gas.
2. They are a major shareholder in Fission Energy. Fission Energy is a "spin off" from TAS.
3. The Vulcan project, while being highly speculative, has great possibilities. Preliminary prospecting has shown the possibility of another Olympic Dam type project.
4. Mirrica project. Highly speculative but prospects of copper and gold.

Over recent days there has been daily increases in the SP of around 20% with no companuy announcements. This suggests a possible leak in the sampling results or some other inside information is causing buyers interest. I'm surprised there hasn't been a speeding ticket issued by the ASX.

TAS is definitely worth a watch, I have held for some time but increased my holding a few months ago when I thought the SP only equalled the value they had in EDE alone.
:2twocents
 
Tasman is drilling one of the hot targets for copper. One of these days it may get to use technology as mentioned below. Technology that was discussed at the Diggers and Dealers conference at Kalgoorlie last week.;)

"POWER OF ZEUS
Friedland let slip that Zeus is coming to the Cloncurry region of north Queensland, which must be an exciting prospect for the locals.
But we're not talking about the father of gods and men. We're talking about a remote sensing geophysical exploration technology (induced polarisation and resistivity), in which well-mineralised zones at depth can be picked out from the weakly mineralised host rocks after being given an almighty blast of electricity.
''It allows us to sort the haystack [unmineralised country rock] from the needles [mineralisation],'' Friedland said. He believes Zeus is ''redefining the frontiers of discovery''.
He said it was pointing the way to Oyu Tolgoi's future in that it was coming up with all sorts of juicy targets on top of the huge resource base already outlined. And if you have lost your old VW at Cloncurry, Zeus can help.
''Zeus is looking two kilometres deeper than any other known technology. We can bury a 1957 VW three kilometres deep and show why it's not a 1958 by the shape of the rear bumper,'' Friedland said.
He can't wait to bring the technology to the Cloncurry region where Ivanhoe's 81 per cent-owned Australian offshoot, Ivanhoe Australia is making a name for itself as a copper-gold and rhenium-molybdenum developer. It also has a major ground position which will get ''Zeused''."
 
Its been a long time between posts on TAS. Maybe this stock is worth another look. I hold TAS as a spec stock with hope based on a risk calculation.
Firstly, TAS is the major shareholder in EDE. I have posted on the EDE thread about its current prospects that I see as promising.
Then there is the current TAS drilling what is regularly quoted as an "Olympic dam type" prospect. Drilling is showing that it does have similar characteristics to Olympic dam.
TAS is also the major shareholder in FIS and with uranium facing a review and the possibility of more mining being allowed then FIS does add to the value of TAS.:2twocents
 
TAS should benefit from the jump in the SP for EDE today. TAS is a major shareholder in EDE and the increase in the SP of EDE should be worth a cent or more to the SP of TAS.
 
MC - $30m
SP - 13.5c
Shares - 226m
Options - NQ
Cash - $746k

VULCAN PROSPECT
Aboriginal Cultural Heritage Survey Completed Rio Tinto Exploration Farm-in/Joint Venture Declared Unconditional
• Aboriginal Cultural Heritage clearance obtained for nine drill sites located on key southern portion of Vulcan prospect area
• Farm-in/ Joint Venture Agreement with Rio Tinto Exploration now unconditional
• 12,000 metre Initial Exploration Program to commence by September 2012 following the First Milestone Payment of $9million to Tasman

Terms of the Farm-in/ Joint Venture Agreement
Under the terms of the Agreement, at the end of this next drilling program:
• Rio Tinto can elect to earn a 55% interest in the Agreement by:
(i) paying to Tasman a further A$7 million; and
(ii) within 3 years of electing to farm-in, fund the delineation of a JORC compliant Inferred mineral resource and completing a concept study; or
(iii) expending a further A$25 million on exploration costs, whichever shall be the earlier.
• If Rio Tinto earns a 55% interest, Tasman can then either elect to retain a 45% interest and thereafter contribute or, if not, Rio Tinto may, at its election, increase its interest to 80% by either:
(i) completing a pre-feasibility study within a further 5 years; or
(ii) expending a further A$50 million on exploration costs, whichever shall be the earlier.
• If Rio Tinto earns an 80% interest, Tasman has the right to either:
(i) maintain a 20% interest, contributing to future funding; or
(ii) offer to sell its 20% interest to Rio Tinto (which Rio Tinto must purchase) for an agreed value or at fair market value.


SA – LAKE TORRENS OUTLYING TENEMENTS
• Tasman conditionally agreed to sell to BHP Billiton and Billiton Olympic Dam Corporation Pty Ltd five granted Exploration Licences (ELs), and one Exploration Licence Application (ELA), located on the Stuart Shelf for a total consideration of $3 million.
• These tenements are separate from Tasman’s EL 4322, in relation to which Tasman and Rio Tinto Exploration Pty Ltd have entered a conditional Joint Venture, primary focussed on Tasman’s Vulcan discovery.

Investment in Eden Energy Ltd (EDE)
Tasman has a 22.87% interest (66,375,727 shares) in alternative energy company Eden Energy Ltd (ASX: EDE), on a fully diluted basis as at 30th June 2012. (refer Eden Energy Ltd Quarterly Report for full details)
• Eden is continuing in the development of its carbon/hydrogen pyrolysis project
• Eden’s US and Indian subsidiaries make further Optiblend Dual Fuel Kit sales.

Investment in Fission Energy Ltd (FIS)
Tasman has a 19% interest (25,000,000 shares) potential nickel-cobalt producer Fission Energy Ltd (ASX: FIS) as at 30th June 2012. (refer Fission Energy Ltd Quarterly Report for full details)

Mt Thirsty Nickel-Cobalt Project
Recent investigations of processing routes suggest that one option involving relatively low cost recovery of cobalt at the expense of some nickel recovery warrants further consideration. Test work is continuing. A limited program of aircore drilling was completed, primarily to obtain larger volumes of sample material for this test work. A composite sample will be prepared after assay results are received.


Some super potential for TAS here, cash poor ATM, but with asset sales and RIO doing the heavy lifting they are in a great position to further the JV and still hold a nice slice.
Always like a company that holds investments in other stocks.
Watching this one for sure.
Up 36% today
 

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http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01740995
Based on the last traded prices on the ASX of EDE ($0.305) and EDEO ($0.27) on 13/5/16, this
investment had a market value of $177 million, which is equivalent to 47.1 cents for every
currently issued TAS share.
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This repetitive "reminder" sounds increasingly desperate, seemingly asking "Why on earth can't you trade our shares at what we're worth?" Yet, even the 2018 options don't suggest a likely revaluation within the next 2 years. It's almost as if the holders/ traders of TAS don't believe EDE is really worth more than 10-15c.

It is what it is - I'll continue to trade each by its chart. Right now, I'm only holding TASO.
 
pixel said:
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01740995

This repetitive "reminder" sounds increasingly desperate, seemingly asking "Why on earth can't you trade our shares at what we're worth?" Yet, even the 2018 options don't suggest a likely revaluation within the next 2 years. It's almost as if the holders/ traders of TAS don't believe EDE is really worth more than 10-15c.

It is what it is - I'll continue to trade each by its chart. Right now, I'm only holding TASO.
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I regularly trade between TAS and EDE. I set a relative value of 1.4 TAS equals 1 EDE. This is the reverse of what is suggested by the company. I base my ratio on the following:
1. Since EDE started prompting Edencrete the ratio has hovered around that percentage despite many attempts by the company and some TAS shareholders crying out loud that the reverse should be the case.
2. EDE is where the companies, TAS and EDE, are most likely to generate profit and cash.
3. Company reputations and directors reputation are based on their ability to generate profit and pay dividends.
4. Any dividends will be distributed to shareholders EVENLY PER SHARE. That means that TAS will get a dividend and so will ordinary shareholders. EDE shareholders will be paid direct.
5. Dividends to TAS will be paid through Noble. there will be costs to be met. Noble will pay their administration, legals and directors fees at least and then MAYBE pay a dividend to TAS. TAS then may spend up big on another spec mining and prospecting on the mineral leases they now have on hold. At the very least any dividend will be heavily diluted.
6. There is better liquidity with EDE shares than with TAS.

Both TAS and EDE seem good value. On another forum I continually get "shot down" for having these views. I recently posted that maybe TAS is not trading at a discount but rather EDE is trading at a premium.

If Edencrete is the success that it appears to be then both companies will show a great capital return and that is probably happening right now.:D
 
Tasman Resources feeling some love in the last couple of days as a result of the Eden Innovations effect.

TAS indirectly owns 594,555,077 shares (40.49% of the total issued capital) in EDE through its wholly owned subsidiary, Noble Energy Pty Ltd.

TAS was up 2.1c (42%) to 7.1c today on the highest daily volume of 2018 so far.

big.chart-TAS.gif
 
greggles said:
Tasman Resources feeling some love in the last couple of days as a result of the Eden Innovations effect.

TAS indirectly owns 594,555,077 shares (40.49% of the total issued capital) in EDE through its wholly owned subsidiary, Noble Energy Pty Ltd.

TAS was up 2.1c (42%) to 7.1c today on the highest daily volume of 2018 so far.

View attachment 89590
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Thanks greggles.

I'm back looking at minnows as my expensive ones are fully priced and about to be sold.

gg
 
TAS moving again this week on no news. The company received a speeding ticket from the ASX today and this was their response:
1. Is the Company aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain recent trading in its securities?

No.

2. If the answer to question 1 is yes:

Not applicable.

3. If the answer to question 1 is “no”, is there any other explanation that the Company may have for the recent trading in its securities?

The Directors of the Company believe that the recent increase in share price and volume is due to two factors:

(i) Growing market recognition of the significance of the conditional farm-in and joint venture agreement over Tasman’s Vulcan Exploration Licence 5499 adjoining BHP’s Olympic Dam tenement in South Australia, signed in June 2019 with FMG Resources Pty Ltd; and

(ii) Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd, holds 624,337,707 fully paid shares in Eden Innovations Ltd (ASX: EDE) (“Eden”) (representing 37.49% of the total issued capital of Eden) and 14,814,815 EDEOB options (representing 21.26% of the issued EDEOB options). Based on the closing prices on the ASX of EDE ($0.04) and EDEOB ($0.018) on 3 July 2019, this investment had a market value of $25.8 million which is equivalent to 5.2 cents for every currently issued TAS share.
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It all makes sense I suppose. Yesterday would have been the day to get on this as it broke through resistance at 4c. I wonder how much steam it has left in it? It's come back off its high for the day of 5.6c and is currently trading at 5.2c. Looking a bit uncertain.

big.chart-EDE.gif
 
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I note that EDE shares were up significantly yesterday which is relevant given TAS is a major shareholder in EDE. :2twocents
 
So I should have backed TAS rather than EDE in the monthly tipping comp.
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TAS up a huge 85.19% today to 10c after announcing drilling results from the Lake Torrens project, specifically the Vulcan North gravity anomaly. FMG is undertaking the drilling as part of a Farm in and Joint Venture Agreement under which they are earning 51% of the project.

Two holes were drilled and both holes intersected substantial downhole widths of hematite breccia which is often a significant host to mineralisation in IOCG deposits.

Then at 12:31pm the company requested a trading halt.

We request that a trading halt be placed on Tasman Resources Ltd shares and options pending the release of an updated Lake Torrens IOCG Project – Drilling Update announcement including the JORC Table 1 and collar locations, to be lodged prior to the commencement of trading on Monday, 8 March 2021.
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Smells to me like they may have found a significant IOCG deposit at Lake Torrens. With a market cap of just $33 million, TAS could fly next week if FMG are onto something here.
 
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