The Kasbah Resources share price has fallen 36% since the company released a feasibility study on the last day of March for its technically and commercially...
The Kasbah Resources share price has fallen 36% since the company released a feasibility study on the last day of March for its technically and commercially feasible Achmmach tin project in Morocco. The potential mine is thought to be one of only a few new tin mines able to produce profitably in current market conditions. But the market has been saying the company (as distinct from the project) is not such a good equity investment. See my April Mining Journal column about why investors could be wary about the investment prospects of Kasbah ((VIEW LINK). The share price had to come back to a level that would offer portfolio equity investors (not the different group of investors being offered direct exposure in the project) a sound risk adjusted rate of return. The market appears to be working.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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