I often wonder if the announcements are correct and that one TAS share should equal 1.4 EDE shares. If we take for granted that EDE is overvalued then the fair price of EDE would be 9.2/1.4 = 6.6c. Then the Eden market cap would be $70m.... this would be a much fairer valuation for a company with limited revenue, cash flow negative and no money (capital raising and dilution on the way).
So.... my call for a fair EDE share price is 7c.
EDE Price at posting:
12.0¢ Sentiment: Sell Disclosure: Not Held
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