CAPITAL MARKETS

Kasbah left between rock and hard place

WILL a white knight appear or are shareholders going to be asked to reach into their own pockets after cash strapped Kasbah Resources’ poorly executed merger with Asian Mineral Resources was torpedoed by dissident minority shareholders unhappy with the terms of the deal?

Michael Quinn
Kasbah left between rock and hard place

Kasbah started the quarter with $A906,000 cash and was expecting to spend just under $1.3 million in the current quarter. Nearly half of outgoings in the December quarter were associated with costs...

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