On paper the CSG tenements appear to be a great result but I am concerned that we may be getting ahead of ourselves. There is a chance that Greg is thinking how on earth Eden is going to undertake such a big project being on the other side of the world with opposing timeframes and manage the Hythane and Nanotubes too. Looking at Eden?s history (the geothermal tenements they once held before the GFC hit) it is possible that these gas tenements could be spun off into another company and traded possibly on AIM, while Eden Australia (and us shareholders) and will only have a percentage interest in it. It probably would make sense from a tax point of view as well as UK tax is a little more friendly than Australia?s. I would hope that if a new company is in the works then the board of Eden will offer existing shareholders the opportunity to subscribe to a newly formed company at a discount. So Greg, if you read HC ?look after the guys that supported Eden though the bad times?!!!!
EDE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
