TAS 0.00% 0.5¢ tasman resources ltd

7.4 x 1.4 =10.36, page-49

  1. 17,195 Posts.
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    The company is trading at around 50% of its asset backing. That's just a fact. By December, EDE will likely have built a decent sized production facility and warehouse, the 12 month testing will be in from the GDOT and independent standards test labs and quite likely the first major contract(s) will have been signed.

    Once EDE is making cold hard cash, that asset backing is going to be looking very attractive if it is at any discount. I have already put my money where my mouth is, and I have enough faith to follow it up as the circumstances allow. I personally think the next important announcement will be the release of specifications and guidelines for the use of Edencrete by the GDOT engineers. I expect this will pave the way for Edencrete to be used in non critical projects and the further testing in H2. I think the only prospecting being done by TAS will be for supporting funds for EDE. Everything else is on the back-burner for the foreseeable future.
 
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