The relationship between ede and tas was brought up in respect to the possibility that it could confuse if not deter investors. To my mind, GS made it clear that ede was an off-shoot of tas at a time when there were clear lines to be made in terms of what each was perusing.
As things turned out of course, they now share fundamentally the same platform as it were, founded upon the now primary focus upon developing, production and marketing of EdenCrete.
The point intimated at the agm by GS in relation to the near term probability of an instituational US investment, was made as a direct consideration of the question that you have raised. I trust this is helpful.
Clearly the board is aware of what retail investors are generally concerned about. At the same time, having so many retail investors makes for hundreds if not thousands of requests for responses regularly, apparently. That is the reality and (again to my mind) it is the lot of many small caps on the asx, hence the volatility which is based more often than not on grass-roots sentiment, the mood and the trend established.
I attended today to raise questions, if I felt the matters of concern were not being aired. I also attended (and sat right in the front row with a gentleman who was there to listen intently), because I wanted to hear for myself just what was being said, but also to assess the conviction and attitude of GS. The stranger who had sat and listened, said he felt that the company was in good hands and I became aware that GS indeed has adjusted to circumstances (often) in his time with this company and he and his family have ploughed a lot of investment dollars into both tas and ede over the years, even during the gfc.
So, at the risk of being labelled a Pom-Pom kind of a guy, I am happy with what I saw and heard today, because we are in a strong position to reap serious rewards I reckon. The dual listing for one, could put serious fuel in the tank, I reckon, in terms of attracting investment interest of course.
ESP.
EDE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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