KAS 0.00% 1.5¢ kasbah resources limited

logical negatives., page-34

  1. 4,294 Posts.
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    Spot on Bonehead. When it is clear there is no motivation for higher prices from the sellers then something is amiss. Same thing happened on wednesday when some decent volume was going through and sellers could have let it run a bit and make the extra points.

    Problem with Kasbah is the extremely tight register and slow news flow allows for this sort of activity. I went through the old top 20 statements recently trying to get a feel for how static the holders are outside the top 5 or 6 who own ~40%. I feel like the free floating stock in the remaining 60% is also very small.

    As I've posted before, a trading company trying to negotiate a deal could easily manipulate the price given each of them owns ~10 Million+ shares. I don't think Toyota Tsusho has the same intentions given its primary concern is on security of supply
 
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