HI count,
Yes, a 75% take up of the TAS RI is very impressive, particularly under the current economic conditions.
Having said this, this RI take up result had very little to do with EDE, it is more about TAS's "free carry" Vulcan Project JV with FMG, i.e. IMVHO, investors took up the TAS shares on the basis that FMG are currently drilling two holes at Vulcan North, and the potential there is huge.
Finally, at 4 cents, the TAS shares were very cheap.
Cheers.
Ann: Trading Halt, page-71
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