Ann: Fourth Quarter Activities Report-TAS.AX, page-3

This report is the EDE report plus
1.A reminder (again) that TAS is worth 37.2c based on the EDE SP.?
2.Parkinsons Dam Waiting. Subject to funds being available.
3. Lake Torrens. Waiting. Subject to funds being available.
4. Conico. 14% interest.

Note that Conico has the three TAS directors ( TAS has only 3 directors - the minimum allowed for a public company) as 3 of the four Conico directors.

Now if that is not a hint that TAS is counting on EDE to be the breadwinner then what is.

While I believe that both TAS and EDE are good investments I see no reason to change my relative value of 1.4 TAS = 1 EDE and I will continue to swap trade between the two as that ratio changes.