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07 November 2024
| Name: | KASBAH RESOURCES LIMITED (KAS) |
| ISIN: | AU000000KAS4 |
| Date of Listing: | 27 April 2007 |
| Date of Delisting: | 22 September 2020 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 22 September 2020.Legal Status:
ACN: 116 931 705ABN: 78 116 931 705
Registration Date: 31 October 2005
Capital Gains Tax (CGT) Status:
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Link Market Services Perth
Level 12 QV1 Building 250 St Georges Terrace Perth WA 6000
Tel : +61 8 9211 6670 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail
Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 10/07/2024 |
company changed its name to Atlantic Tin Ltd on 12 January 2023 | 27/05/2023 |
delisted from the close of trading on Tuesday, 22 September 2020, pursuant to Listing rule 17.11. | 22/09/2020 |
we understand a disparity between project valuation and market capitalisation, fundraising difficulties, lack of liquidity, costs of the listing and better opportunities for unlocking value as an unlisted company | 22/09/2020 |
The securities of Kasbah Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, after security holders resolved to remove KAS from the Official List of ASX Limited. KAS will be removed from the Official List of ASX at the close of trading today, Tuesday, 22 September 2020, in accordance with Listing Rule 17.11. | 22/09/2020 |
we understand that on or about this date the company consolidated its shares 1 for 10 | 04/01/2019 |
The suspension of trading in the securities of Kasbah Resources Limited will be lifted immediately following lodgement of an announcement regarding the Takeovers Panel decision and a placement. | 23/12/2016 |
Further to the announcement of 19 December 2016 and today's media release from the Australian Takeovers Panel declining to conduct proceedings, Kasbah Resources Limited (Kasbah or the Company) is pleased to announce that the placement to Pala Investments Limited (Pala) has been completed and 138,133,684 new shares have been issued at $0.027 per share to Pala on 23 December 2016 to raise $3,729,609 before costs. An Appendix 3B will be lodged following this announcement. | 23/12/2016 |
The securities of Kasbah Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. | 23/12/2016 |
The suspension of trading in the securities of Kasbah Resources Limited will be lifted immediately following lodgement of an announcement regarding a capital raising. | 19/12/2016 |
Kasbah Resources Limited is pleased to announce a placement to Pala Investments Limited of 138,133,684 new shares at $0.027 per share to raise $3,729,609 before costs. | 19/12/2016 |
The Federal Court of Australia has dismissed the company's application for approval of the scheme. THe court also ordered the company to pay the reasonable costs of the objecting shareholders', including but limited to 50% of reserved costs from a previous interlocutory hearing brought by the objecting shareholders. | 12/12/2016 |
The company received a copy of a third party expert's analsysis of the valuation methodology applied by BDO Corporate Finance. BDO has advised Kasbah that a fundamental error had been identified in the valuation methodology which affects the valuation of the scheme consideration and changes BDO's opinion of the scheme to "not fair, but reasonable" for the company's shareholders. The company will now consult in good faith with AMR to determine if there is a means for the scheme or an alternative transaction to be agreed between the parties. Kasbah intends to seek an adjournment to the second court hearing scheduled for Monday 12 December 2016 until further notice. | 09/12/2016 |
The securities of Kasbah Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. | 09/12/2016 |
The securities of Kasbah Resources Limited will be reinstated to official quotation immediately, following the Company's response to an ASX price query and release of an announcement in relation to a material corporate transaction pertaining to the development of the Achmmach Tin Project. | 11/08/2016 |
The company issues a response to the ASX price query. | 11/08/2016 |
Kasbah Resources Limited and Asian Mineral Resources Limited are pleased to announce that they have entered into a Scheme Implementation Agreement pursuant to which AMR will, if implemented, acquire all of the ordinary outstanding shares of Kasbah by way of a scheme of arrangement under the Australian Corporations Act. | 11/08/2016 |
The definitive feasibility study (DFS) for the Small Start Option at the Achmmach Tin Project (75% Kasbah, 20% Toyota Tsusho Corp, 5% Nittetsu Mining Co. Ltd) is now complete and has determined that an 0.5 Mtpa, high grade underground operation at Achmmach is technically and commercially feasible. | 10/08/2016 |
Kasbah Resources Limited wishes to retract its announcement dated 29 July 2016 titled "DFS Confirms Robust Project Economics for Achmmach Tin Project". Post release of this announcement, an error was identified within the DFS. It should be noted that the securities of the Company were in voluntary suspension prior to the 29 July 2016 announcement and currently remain suspended from trading. | 10/08/2016 |
The company requests that its voluntary suspension of its securities remains in place until the Company makes an announcement to the market in relation to the potential material corporate transaction pertaining to the development of the Achmmach Tin Project, which is now expected to occur on or before Thursday 11 August 2016. | 08/08/2016 |
The definitive feasibility study (DFS) for the Small Start Option at the Achmmach Tin Project (75% Kasbah, 20% Toyota Tsusho Corp, 5% Nittetsu Mining Co. Ltd) is now complete and has determined that an 0.5 Mtpa, high grade underground operation at Achmmach is technically and commercially feasible. | 29/07/2016 |
The company lodges its quarterly activities and cashflow report. | 29/07/2016 |
The securities of Kasbah Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement | 21/07/2016 |
The suspension of trading in the securities of Kasbah Resources Limited will be lifted immediately following the release of an announcement regarding a $3 million capital raising. ASX Code: KAS | 16/06/2015 |
Kasbah Resources Limited (ASX: KAS) is pleased to announce a placement to raise approximately $3.0 million and provide details of the Company's interim development strategy and cost reduction initiatives. | 16/06/2015 |
The securities of Kasbah Resources Limited (the "Company") will be suspended from official quotation from the commencement of trading tomorrow, 12 June 2015 at the request of the Company, pending the release of an announcement in relation to a capital raising. Security Code: KAS | 11/06/2015 |
The securities of Kasbah Resources Limited (the "Company") will be suspended from official quotation from the commencement of trading tomorrow, 12 June 2015 at the request of the Company, pending the release of an announcement in relation to a capital raising. Security Code: KAS | 11/06/2015 |
listed entity carried for record purposes only | 27/04/2007 |
Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 10/07/2024 |
company changed its name to Atlantic Tin Ltd on 12 January 2023 | 27/05/2023 |
delisted from the close of trading on Tuesday, 22 September 2020, pursuant to Listing rule 17.11. | 22/09/2020 |
we understand a disparity between project valuation and market capitalisation, fundraising difficulties, lack of liquidity, costs of the listing and better opportunities for unlocking value as an unlisted company | 22/09/2020 |
The securities of Kasbah Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, after security holders resolved to remove KAS from the Official List of ASX Limited. KAS will be removed from the Official List of ASX at the close of trading today, Tuesday, 22 September 2020, in accordance with Listing Rule 17.11. | 22/09/2020 |
we understand that on or about this date the company consolidated its shares 1 for 10 | 04/01/2019 |
The suspension of trading in the securities of Kasbah Resources Limited will be lifted immediately following lodgement of an announcement regarding the Takeovers Panel decision and a placement. | 23/12/2016 |
Further to the announcement of 19 December 2016 and today's media release from the Australian Takeovers Panel declining to conduct proceedings, Kasbah Resources Limited (Kasbah or the Company) is pleased to announce that the placement to Pala Investments Limited (Pala) has been completed and 138,133,684 new shares have been issued at $0.027 per share to Pala on 23 December 2016 to raise $3,729,609 before costs. An Appendix 3B will be lodged following this announcement. | 23/12/2016 |
The securities of Kasbah Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. | 23/12/2016 |
The suspension of trading in the securities of Kasbah Resources Limited will be lifted immediately following lodgement of an announcement regarding a capital raising. | 19/12/2016 |
Kasbah Resources Limited is pleased to announce a placement to Pala Investments Limited of 138,133,684 new shares at $0.027 per share to raise $3,729,609 before costs. | 19/12/2016 |
The Federal Court of Australia has dismissed the company's application for approval of the scheme. THe court also ordered the company to pay the reasonable costs of the objecting shareholders', including but limited to 50% of reserved costs from a previous interlocutory hearing brought by the objecting shareholders. | 12/12/2016 |
The company received a copy of a third party expert's analsysis of the valuation methodology applied by BDO Corporate Finance. BDO has advised Kasbah that a fundamental error had been identified in the valuation methodology which affects the valuation of the scheme consideration and changes BDO's opinion of the scheme to "not fair, but reasonable" for the company's shareholders. The company will now consult in good faith with AMR to determine if there is a means for the scheme or an alternative transaction to be agreed between the parties. Kasbah intends to seek an adjournment to the second court hearing scheduled for Monday 12 December 2016 until further notice. | 09/12/2016 |
The securities of Kasbah Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. | 09/12/2016 |
The securities of Kasbah Resources Limited will be reinstated to official quotation immediately, following the Company's response to an ASX price query and release of an announcement in relation to a material corporate transaction pertaining to the development of the Achmmach Tin Project. | 11/08/2016 |
The company issues a response to the ASX price query. | 11/08/2016 |
Kasbah Resources Limited and Asian Mineral Resources Limited are pleased to announce that they have entered into a Scheme Implementation Agreement pursuant to which AMR will, if implemented, acquire all of the ordinary outstanding shares of Kasbah by way of a scheme of arrangement under the Australian Corporations Act. | 11/08/2016 |
The definitive feasibility study (DFS) for the Small Start Option at the Achmmach Tin Project (75% Kasbah, 20% Toyota Tsusho Corp, 5% Nittetsu Mining Co. Ltd) is now complete and has determined that an 0.5 Mtpa, high grade underground operation at Achmmach is technically and commercially feasible. | 10/08/2016 |
Kasbah Resources Limited wishes to retract its announcement dated 29 July 2016 titled "DFS Confirms Robust Project Economics for Achmmach Tin Project". Post release of this announcement, an error was identified within the DFS. It should be noted that the securities of the Company were in voluntary suspension prior to the 29 July 2016 announcement and currently remain suspended from trading. | 10/08/2016 |
The company requests that its voluntary suspension of its securities remains in place until the Company makes an announcement to the market in relation to the potential material corporate transaction pertaining to the development of the Achmmach Tin Project, which is now expected to occur on or before Thursday 11 August 2016. | 08/08/2016 |
The definitive feasibility study (DFS) for the Small Start Option at the Achmmach Tin Project (75% Kasbah, 20% Toyota Tsusho Corp, 5% Nittetsu Mining Co. Ltd) is now complete and has determined that an 0.5 Mtpa, high grade underground operation at Achmmach is technically and commercially feasible. | 29/07/2016 |
The company lodges its quarterly activities and cashflow report. | 29/07/2016 |
The securities of Kasbah Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement | 21/07/2016 |
The suspension of trading in the securities of Kasbah Resources Limited will be lifted immediately following the release of an announcement regarding a $3 million capital raising. ASX Code: KAS | 16/06/2015 |
Kasbah Resources Limited (ASX: KAS) is pleased to announce a placement to raise approximately $3.0 million and provide details of the Company's interim development strategy and cost reduction initiatives. | 16/06/2015 |
The securities of Kasbah Resources Limited (the "Company") will be suspended from official quotation from the commencement of trading tomorrow, 12 June 2015 at the request of the Company, pending the release of an announcement in relation to a capital raising. Security Code: KAS | 11/06/2015 |
The securities of Kasbah Resources Limited (the "Company") will be suspended from official quotation from the commencement of trading tomorrow, 12 June 2015 at the request of the Company, pending the release of an announcement in relation to a capital raising. Security Code: KAS | 11/06/2015 |
listed entity carried for record purposes only | 27/04/2007 |
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The criminals of this company took everyone for a good ride while they all paid themselves nice little share payouts while milking us for buy-in in November, then the 10/1 deal a month later and then completely closed shop soon after with all the money | 05/12/2023 00:49:32 |
Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 05/12/2018 | Graham Freestone | 1,500,000 | $0.009 | $13,574 | |
| 05/11/2018 | Graham Ehm | 1,200,000 | $0.009 | $10,729 | |
| 18/07/2018 | John Gooding | 500,000 | $0.015 | $7,500 | |
| 18/07/2018 | Graham Freestone | 1,500,000 | $0.015 | $22,500 | |
| 08/11/2017 | John Gooding | 283,579 | $0.014 | $3,970 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Evan Spencer | Executive Chairman, CEO | 01/05/2017 |
| Pradeep Subramaniam | CFO, Company Secretary | 13/12/2019 |
| Kapil Seetulsingh | Independent Director | 24/01/2020 |
| Nicholas Slade | Non Exec Director | 24/01/2020 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Graham Ehm | Independent Director | 22/01/2018 | 24/01/2020 |
| Martyn Buttenshaw | Non Exec Director | 10/05/2017 | 24/01/2020 |
| John Gooding | Non Exec Chairman, Independent Director | 09/02/2017 | 31/12/2019 |
| Keith Pollocks | CFO | 03/07/2017 | 13/12/2019 |
| Phil Baker | Independent Director | 01/05/2019 | 07/10/2019 |
| Russell Clark | CEO | 16/10/2017 | 01/04/2019 |
| Graham Freestone | Independent Director | 09/02/2017 | 07/03/2019 |
| Hedley Widdup | Director | 27/02/2017 | 31/07/2018 |
| Steve Gill | Director | 23/12/2016 | 22/01/2018 |
| Richard Hedstrom | CEO | 23/12/2016 | 06/09/2017 |
| Trevor O'Connor | CFO | 03/05/2011 | 03/07/2017 |
| Mike Brook | Non Exec Director | 03/08/2015 | 27/02/2017 |
| Gabrielle Moeller | Non Exec Director | 28/05/2014 | 09/02/2017 |
| Wayne Bramwell | Non Exec Director | 31/10/2005 | 09/02/2017 |
| Rod Marston | Non Exec Chairman | 10/11/2006 | 19/12/2016 |
| Giles Robbins | Non Exec Director | 03/08/2015 | 19/12/2016 |
| Ian McCubbing | Non Exec Director | 01/03/2011 | 19/12/2016 |
| Gary Davison | Non Exec Director | 01/03/2011 | 10/06/2015 |
| Robert Weinberg | Non Exec Director | 10/11/2006 | 10/06/2015 |
| Michael Spratt | Non Exec Chairman | 02/08/2010 | 12/06/2013 |
Date of first appointment, title may have changed.
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