TAS 0.00% 0.5¢ tasman resources ltd

10% not deemed material?. So, 10% of $60m (current MC for CNJ) +...

  1. 2,467 Posts.
    lightbulb Created with Sketch. 694
    10% not deemed material?.

    So, 10% of $60m (current MC for CNJ) + Cash on hand = $8m = TAS MC.

    Essentially TAS is ascribed no value by the market other than it's cash ownership of CNJ and it's cash. CNJ could go >2x.

    Room to move here.
 
watchlist Created with Sketch. Add TAS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.