KAS 0.00% 1.5¢ kasbah resources limited

Rae - my thoughts ..Pala have provided financial assistance with...

  1. 3,652 Posts.
    lightbulb Created with Sketch. 623



    Rae - my thoughts ..

    Pala have provided financial assistance with back end deals to convert debt into shares knowing KAS would most likely not be in a position to repay the cash.

    Pala believe in the viability of the project and in my personal opinion the "looking for project finance" is probably not much more than that - it's taken months to obtain funding without any progress and even though the tin market has improved substantially during the past 12 months there has been nothing doing.

    My view is that Pala will progressively let the SP drift and will once again need to provide further funding (with that funding to convert into shares once more if the debt is not repaid) before making a token offer to buy out the remaining share holders and then funding the project themselves via their normal channels ... all very sad ..... could have, should have etc etc


 
watchlist Created with Sketch. Add KAS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.