TAS 25.0% 0.5¢ tasman resources ltd

Ann: Trading Halt, page-51

  1. 9,951 Posts.
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    Hi TF,

    If what you say is true, this is a huge vote of confidence in TAS's Vulcan IOCG/U/REE project with FMG.

    FMG must have discovered something extremely exciting in their first two holes at Vulcan North, if a broker was able to place 60 million TAS shares at 8 cents and raise A$4.8 million in under 2 hours, with the book closing early. The thirst therefore for TAS shares must be enormous.

    Considering that his apparent placement was done at 8 cents, which was ca. 50% higher than TAS's Wednesday's closing price of 5.4 cents, this makes FMG's brand new discovery at Vulcan North look even more exciting than it already is.

    On the above if basis (if what you say is true), we can certainly expect Monday's upcoming "Lake Torrens IOCG Project – Drilling Update" announcement to be very impressive and the TAS SP to rally accordingly.

    I am glad that I am on board and a top 20 shareholder.

    Cheers.



 
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