placement $2m, page-13

re: placement $2m***dodgy, should have seen it*** The 2nd biggest govt-backed Chinese company is buying about 15% of Tas in this deal, paying 15c for Tas AND 5c for Taso............what the f... is bad about that. I`m wrapped. It virtually guarantees big things for Eden and that the options will be well into the money come expiry. It does not guarantee successful drill results at Marathon and Titan but they now have loads of cash to drill lots of holes and to progress with Eden Energy. The Chinese are now involved with both Eden and Tas. The Chinese are shrewd.

I suspect big deals for Eden will follow approval of this capital raising and drilling success can only be a bonus.

Was going to sell part of my holdings on the next runup but will now hold on long term.