Analysis of current value of Tasman Resources based on cash and holdings in EDE and CNJ
Tasman Resources Ltd (TAS)
Ord Shares 381,612,067
Options 71,948,544 @ 5.0c Expiry date 31/03/2018
Tasman Resources has significant shareholdings in the following companies:
Eden Innovations Ltd (EDE)
Ord Shares 493,198,298 of 1,253,544,739 (39.3%)
Options 101,356,779 of 214,964,500 @ 3.0c Expiry date 30/09/2018 (47.2%)
Conico Ltd (CNJ)
Ord Shares 41,476,285 of 295,700,00 (14.0%)
Current valuation of shares held in other companies
Cash and Investments
Column 1 Column 2 Column 3 Column 4 0 Company Shares Open Price (31/01/2017) Value ($)1 EDE 493,198,298 $0.315 155,357,463.902 EDEO 101,356,779 $0.280 28,379,898.123 CNJ 41,476,285 $0.045 1,866,432.824 Total ($) 185,603,794.845 TAS 30 Sep 2016 Qtrly Cash & cash equiv. 17,942,000.006 Total Value ($) 203,545,794.84
Estimated valuation of TAS of Cash and Investments
Column 1 Column 2 Column 3 Column 4 0 Company Shares Value ($)1 TAS 381,612,067 Ordinary Share Value 0.5332 TASO 71,948,544 3 453,560,611 Fully diluted value 0.449
Current Share Price v Estimated Value of Cash and Investments
Column 1 Column 2 Column 3 Column 4 0 TAS Current Price Calculated Value Discount %1 Ord Shares Only $0.265 $0.533 50.28%2 Fully diluted $0.265 $0.449 40.98%
Current share price is at a considerable discount to the value of cash and investments in other companies currently held by Tasman Resources.
As always DYOR
Cheers,
GrayNomad
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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4 | 2518070 | 0.4¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 2518070 | 0.004 |
9 | 7865581 | 0.003 |
11 | 20625500 | 0.002 |
5 | 34833037 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 5888266 | 9 |
0.006 | 1529793 | 3 |
0.007 | 1428571 | 1 |
0.026 | 1090000 | 1 |
0.037 | 8000 | 1 |
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