Analysis of current value of Tasman Resources based on cash and...

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​	155,357,463.90​
2	EDEO	101,356,779​	$0.280​	28,379,898.12​
3	CNJ	41,476,285​	$0.045​	1,866,432.82​
4		​	Total ($)​	185,603,794.84​
5	TAS	30 Sep 2016 Qtrly​	Cash & cash equiv.​	17,942,000.00​
6		​	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​	0.533​
2	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