My ratio is not set I stone. Nor am I saying that the ratio I work on now would not be changed if the circumstances change. That is one where of course there would be a change.
BUT the likelihood of that scenario is not odds that I would bet on. If it were to happen it is probably a long way down the track. Now look at what will most likely happen following such "happening". TAS would benefit with cash as would the EDE shareholders. Id suggest that if an offer is made for the TAS shareholding it would also be made for all of EDE. So then the EDE shareholders are cashed up ie with CASH. The TAS shareholders would have shares in a company that is cashed up and which is then a mineral prospector with cash as it has been in the past.
Even if they only bought the TAS share of EDE it only makes TAS cashed up and ready to resume the mineral chase. I would then sell my TAS and forget ratios. I have a flexible plan reviewed daily but so far see little reason to change.
My ratio would have been justified.
TAS Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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