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0.4¢ tasman resources ltd

What's this? A new thread to bring up the old chestnut that has...

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18,412 Posts.

1009

13/04/16

16:29

Post #: 17494972
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Originally posted by ampl ↑

Just an observation but the effect of Tas holding 1.4 Ede for every Tas is exponential. ie. Ede at 10 cents equates to Tas being worth 14 cents [not reflected in market price]; Ede at 20 cents equates to a theoretical Tas price of 28 cents; Ede at 30 cents implies 42 cents for Tas and Ede at 40 cents implies a Tas value of around 56 cents. The point being that at 20 cents Tas in theory should be 8 cents higher than Ede and at 40 cents 16 cents higher, at $1 they should be 40cents higher. None of this is reflected in the market as yet, but if Ede continues to rise as I believe it will, and the Solomons eventually get fair value for where there money mainly is, things will have to adjust, granted they may sell at a discount to value but they must move to parity or more with Ede.

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What's this? A new thread to bring up the old chestnut that has been debated to death with no effect on the ratio of 1.4 TAS = 1 EDE. After the release of the market stopping announcement that ratio MAY change. Until then GIVE IT A REST>

TAS Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change -0.001(20.0%)		Mkt cap ! $4.026M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$398	99.5K

Buyers (Bids)

No.	Vol.	Price($)
6	6393155	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	42500	2

View Market Depth

No.	Vol.	Price($)
6	6393155	0.003
9	23750000	0.002
4	34333037	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	42500	2
0.005	4506351	7
0.006	1714702	5
0.007	1478571	2
0.008	114500	1

Last trade - 11.25am 29/08/2024 (20 minute delay)

TAS (ASX) Chart

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