KAS 0.00% 1.2¢ kasbah resources limited

Ann: Closure of Entitlement Offer and Shortfall Notification, page-4

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  1. 3 Posts.
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    I find it ironic that those who are commenting appear not to hold any KAS shares.

    My take on the rights issue is that existing shareholders did not step up, and Pala did. Whatever your views are on Pala, aren't they just filling the gap left by existing shareholders?

    To me the equation for KAS is simple. If you believe in tin as a commodity, then buy, the price of tin will go up, the banks will lend and the mine will be built. If you don't believe in tin, you are better off placing your money elsewhere. To me, I don't listen to the empty rhetoric but look at the market fundamentals. I am betting on the continued growth of electronics and the EV revolution to increase the demand over the medium term. By all accounts, supply seems to be dwindling and the recent rally of the tin price supports this. That tells me that at 9/10 cents, KAS is a buy particularly given an A$ NPV in excess of $100 million. Pala and Toyota are not stupid, they have invested to build the mine and I suggest us retails ride on their coattails.

    I am curious to see what @Hottin has to say - he seems to be one of the few with anything useful to add to the discourse.

 
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Currently unlisted public company.

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