TAS 0.00% 0.4¢ tasman resources ltd

placement, page-5

  1. 620 Posts.
    Eyes

    That often annoyes me, the extreme short term focus. A long term holding for these guys is two weeks.

    I don't want to get into an argument, but the last time (last week) that I spoke to Greg Solomon and Guy Le Page, they both said that they have waited years to get the company off in a float, which they never expected. They then waited for years to find the right spot. Thus, if they have to wait a year or two to get the goods, so be it. Now, that is a negative to guys here, but long term, the best move for the Company, as it shows that they are not going to go through a huge cash burn strategy, just on the markets whim for the next "big thing".

    That is exactly why is stayed, and then topped up a few times after last years disasterous rout.
 
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