CAPITAL MARKETS

Unloved Kasbah to quit ASX

AFTER 13 years, Kasbah Resources says it can’t see any benefit in staying on the Australian Securities Exchange, saying its 75%-owned Achmmach tin project in Morocco gets no love from investors, and its listing is an impediment to raising money because of the massive disparity between the market capitalisation and the value of its assets.

Kasbah's Achmmach was supposed to begin development this year..

Kasbah's Achmmach was supposed to begin development this year..

It has been around two years since the company delivered its definitive feasibility study, and it has since completed a front-end engineering design and commissioned an independent expert's report, but...

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