kasbah resources - [kas] tin & gold

[the machine]

with tin joc compliant tin upgrade due this quater kasbar represent very good value.

cash position exceeds market cap.

exploration spend rate is low with 1 rig drilling

tin price seems to have bottomed

as shares tightly held then a significant tin resource upgrade has potention to see significant increase in sp

MD not purchased lately [access to market sensitive info]

topped up shareholding last week

M

[the machine]

per london metal exchange, tin has gained usd$3,000 per tonne since its low in october

http://www.lme.co.uk/tin.asp

make your own graph with this link

m

[the machine]

tin back down to us$14,000 per tonne.

am thinking there will be drill results announced around end of november, which will include some results of the old cores that gave a responce to tin, even though no visual indication.

if you think about it its incredible really, checking old cores and indications of extensive positive tin results.

the joc resource upgrade still expected by years end which should see sp double

M

[the machine]

november 28 is date of agm - one would expect updated drilling results for this meeting, both from 3rd phase deep drilling and from the old cores which have indicated extensive tin responces to scanning - of course actual testing will show how extensive they are.

time to buy more shares before agm

M

[suntboy]

Dont worry M you are not talkin to yourself LOL
Have followed it since its inception due to my holding in Lion (africa)
Without knowing about what is coming up you are right in stating they are tightly held
It appears the investors who bought in early are more than happy to hold

[the machine]

Dont worry M you are not talkin to yourself LOL
Have followed it since its inception due to my holding in Lion (africa)
Without knowing about what is coming up you are right in stating they are tightly held
It appears the investors who bought in early are more than happy to hold


welcome suntboy

the tin grades thus far are very significant

agm will probably outline the plan for the gold exploration - some of the old results are stunning

we took part in the ipo and bought another 14,000 the other week - expect this 14,000 will prove to be a very tidy buy

company holds more in cash per share than market cap [along with a lot of other resource companies]


M

[the machine]

bloomberg article

Tin Falls in London as Rising Stockpiles Signal Lower Demand

By Claudia Carpenter

Nov. 19 (Bloomberg) -- Tin fell for a third day in London as rising stockpiles signaled production is outpacing demand from industry. Copper also dropped.

Tin stockpiles in warehouses monitored by the London Metal Exchange have jumped 19 percent since Nov. 10. The global supply deficit will narrow next year as production climbs the most in four years and demand stabilizes, according to Barclays Capital.

``Electronics demand, as well as cars, is down,'' said Eugen Weinberg, an analyst at Commerzbank AG in Frankfurt.

Tin for delivery in three months declined $300 to $12,750 a metric ton as of 8:56 a.m. on the London Metal Exchange. Prices have dropped 22 percent this year.

Production will jump 3.4 percent next year while demand gains 0.2 percent, Barclays said. Supply will fall short of demand by 10,000 tons after a deficit of 17,000 tons this year.

Aluminum for delivery in three months fell $22 to $1,895 a ton and copper declined $85 to $3,665 a ton.

Aluminum stockpiles tracked by the London Metal Exchange climbed 5.1 percent, the biggest gain since Sept. 17, to a near 14-year high of 1.7 million tons.

Lead dropped $20 to $1,280 a ton, zinc fell $39 to $1,190 a ton and nickel fell $250 to $10,500 a ton.

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net or ccarpenter2@bloomberg.net

Last Updated: November 19, 2008 04:10 EST


also kasbah issued an investor update today which augars well for the future - hard to imagine sitting on the worlds largest known undeveloped tin resource, which is due to have a resource upgrade next month

M

[the machine]

fridays agm should spur on the sp

more drill results would be nice

M

[the machine]

tin price still looking for a bottom


LME Official Prices (US$/tonne) for 24 Nov 2008 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 11,950.00

CASH SELLER & SETTLEMENT 11,955.00

3-MONTHS BUYER 11,850.00

3-MONTHS SELLER 11,900.00

15-MONTHS BUYER 11,765.00

15-MONTHS SELLER 11,815.00


M

[the machine]

a handy broker report


http://kasbahresources.com/cms/attachments/996_KAS_Green_Leader_Nov08.pdf

Mentions a second drilling rig is under negotiation, [which would speed up the explortation]

M

[the machine]

tin price up usd$1000/t

LME Official Prices (US$/tonne) for 25 Nov 2008 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 12,950.00

CASH SELLER & SETTLEMENT 13,000.00

3-MONTHS BUYER 12,695.00

3-MONTHS SELLER 12,700.00

15-MONTHS BUYER 12,565.00

15-MONTHS SELLER 12,615.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A

[the machine]

LME Official Prices (US$/tonne) for 26 Nov 2008 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 13,100.00

CASH SELLER & SETTLEMENT 13,105.00

3-MONTHS BUYER 13,000.00

3-MONTHS SELLER 13,010.00

15-MONTHS BUYER 12,875.00

15-MONTHS SELLER 12,925.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A

[the machine]

link to chairmans address at agm.




http://www.asx.com.au/asx/statistics/getAnnPdf('/asx/statistics/showAnnouncementPDF.do?idsID=', '00908753', 'Announcement');return false;



the initial resource equates to 20,000t of tin [4 years production] and per tin price this week = usd$260m over 4 years

however my reading of situation is there will be a doubling or trippling of this with the december upgrade - and further upgrades in 2009.

M

[the machine]

should spur on the tin price a lot


Copper, Tin Advance After China Plans to Build Metals Stockpile
Email | Print | A A A

By Claudia Carpenter

Dec. 1 (Bloomberg) -- Copper and tin rose in London after China’s Yunnan government said it will buy 1 million metric tons of industrial metals for stockpiles.

The purchases include 150,000 tons of copper and 100,000 tons of tin, according to China Land and Resources News, a newsletter of the Yunnan government. That’s equal to about half of copper stockpiles in warehouses monitored by the London Metal Exchange and more than 20 times the tin stockpiles.

“This is positive for a reduction in stockpiles,” said Shiv Madan, a trader at Dresdner Kleinwort in London.

Copper for delivery in three months gained $36 to $3,656 a metric ton as of 9:17 a.m. on the London Metal Exchange and tin rose $300 to $12,600 a ton.

Inventories of copper declined 450 tons to 291,200 tons, the first drop in three days.

Copper’s gains were probably in part driven by so-called short covering by traders who were expecting prices to decline, Madan said. Short covering occurs when investors buy commodities to close a bet that prices will fall.

Aluminum dropped $4 to $1,786 a ton after inventories rose 20,850 tons to 1.82 million tons, bringing the gain this year to 96 percent.

Lead dropped $13 to $1,090 a ton, zinc declined $5 to $1,205 a ton and nickel fell $150 to $10,050 a ton.

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net or ccarpenter2@bloomberg.net

M

[the machine]

should spur on the tin price a lot


Copper, Tin Advance After China Plans to Build Metals Stockpile
Email | Print | A A A

By Claudia Carpenter

Dec. 1 (Bloomberg) -- Copper and tin rose in London after China’s Yunnan government said it will buy 1 million metric tons of industrial metals for stockpiles.

The purchases include 150,000 tons of copper and 100,000 tons of tin, according to China Land and Resources News, a newsletter of the Yunnan government. That’s equal to about half of copper stockpiles in warehouses monitored by the London Metal Exchange and more than 20 times the tin stockpiles.

“This is positive for a reduction in stockpiles,” said Shiv Madan, a trader at Dresdner Kleinwort in London.

Copper for delivery in three months gained $36 to $3,656 a metric ton as of 9:17 a.m. on the London Metal Exchange and tin rose $300 to $12,600 a ton.

Inventories of copper declined 450 tons to 291,200 tons, the first drop in three days.

Copper’s gains were probably in part driven by so-called short covering by traders who were expecting prices to decline, Madan said. Short covering occurs when investors buy commodities to close a bet that prices will fall.

Aluminum dropped $4 to $1,786 a ton after inventories rose 20,850 tons to 1.82 million tons, bringing the gain this year to 96 percent.

Lead dropped $13 to $1,090 a ton, zinc declined $5 to $1,205 a ton and nickel fell $150 to $10,050 a ton.

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net or ccarpenter2@bloomberg.net

M



if china goes ahead with the tin stockpile it will firstly underpin production in china, secondly will boost price of tin to above profitable production cost [nice for kasbah] and thirdly 100,000t of tin takenout of the market and stockpiled will take out any thoughts of production exceeding demand for next 5 years.


100,000t of tin @ usd$15,000t = usd$1.5b - that is a lot of bucks

only downside to allof this is that once china has thestockpile they will have whipping hand and be able to manipulate the tin price to their advantage as and when they want to

ie, if tin price gets to high then quit buying and draw from stockpile - price drops and lockin some longterm prices to replace stockpile

china is a past master at all of this.

just hope china keeps price well above production costs

M

[the machine]

advice from my stockbroker today is the large seller that has been overhanging the market appears to have now been taken out.

also kasbah still have about $5m [which exceeds market cap] and that the resource upgrade due out either later this week or early next.

my views on the seller is that wonder if they are picking up capital loss and then buy back in [before resource upgrade]

have almost donethe same, but instead bought more shares and not sold any that bought in the IPO. why sell when you don't have to?



re commodities in general - my views are that china is snapping up the bargains - either through purchase contracts and/or buying production assets.
china has the money and seems to be investing some of it in future lower supply costs

bargains will not be around for ever - the trick is picking it when sp has turned up [not the bottom but just above it in terms of time or price.

M

[the machine]

LME Official Prices (US$/tonne) for 8 Dec 2008 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 11,500.00

CASH SELLER & SETTLEMENT 11,505.00

3-MONTHS BUYER 11,500.00

3-MONTHS SELLER 11,550.00

15-MONTHS BUYER 11,235.00

15-MONTHS SELLER 11,285.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

8 Dec 2008 4665




LME Official Prices Curve

[the machine]

for those that missed the announcement today the resource has tripled in size with considerably further potential along the strike

http://kasbahresources.com/cms/attachments/953_KAS_Ach_JORC_Upgrade_101208.pdf


of course whilst it is open at depth, the absence of granite indicates at least 500m additonal depth beyong the drills so far [or could be a lot more]

this news in a bull market would have set the sp through the roof, but alas it has not.

M

[the machine]

LME Official Prices (US$/tonne) for 10 Dec 2008 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 11,950.00

CASH SELLER & SETTLEMENT 12,000.00

3-MONTHS BUYER 11,750.00

3-MONTHS SELLER 11,755.00

15-MONTHS BUYER 11,465.00

15-MONTHS SELLER 11,515.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

10 Dec 2008 4665




LME Official Prices Curve

[the machine]

LME Official Prices (US$/tonne) for 11 Dec 2008 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 12,245.00

CASH SELLER & SETTLEMENT 12,250.00

3-MONTHS BUYER 12,000.00

3-MONTHS SELLER 12,005.00

15-MONTHS BUYER 11,650.00

15-MONTHS SELLER 11,700.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

11 Dec 2008 4655




LME Official Prices Curve

[shasta]

LME Official Prices (US$/tonne) for 11 Dec 2008 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 12,245.00

CASH SELLER & SETTLEMENT 12,250.00

3-MONTHS BUYER 12,000.00

3-MONTHS SELLER 12,005.00

15-MONTHS BUYER 11,650.00

15-MONTHS SELLER 11,700.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

11 Dec 2008 4655




LME Official Prices Curve

Im surprised to see you at the spec end of the market, but if you like tin, have a look at SRZ (there is a thread on them i started).

They are looking to spin off the Tin project, but i'm sure they will wait a while until the markets stablise & start to trend north.

[the machine]

Im surprised to see you at the spec end of the market, but if you like tin, have a look at SRZ (there is a thread on them i started).

They are looking to spin off the Tin project, but i'm sure they will wait a while until the markets stablise & start to trend north.


shasta, welcome to kasbah thread.

will have a look at srz and compare

as regards spec end of market - yes the sp reflects that and considering it was over 40c last year it XXXXX!!. [but we have held ppp for 28 years and nzo for 10 years when they were spec]

the MD has been buying parcels over the year but well above present sp

we topped up last month with extra 14,000

now own usd$200,000 worth of tin, less development and production costs [based on present tin price does not leave much change]

it can only get better

if you read the various reports then you may catch the urge to buy as well



here is a link to investor update issued in nov - note inferred joc resource has since been upgraded from 2Mt @ 0.6% tin to 6mt @ 0.9% - its all there on the kasbah website anyway

http://kasbahresources.com/cms/attachments/956_Kasbah_Investor_Presentation_18Nov2008.pdf


i certainly like the conceptial report at the end.
because no granite thus far implies a pay zone of at least 500 metres additional depth.
in other words the pay zone to go at least extra 500 metres depth once they find granite
[how deep is this? extra 500m extra 1km or more]


M

[the machine]

bit of interest in asx today with 100,000 traded

M

[the machine]

price of tin down today even though london stockpile dropped

expect market will stay soft until xmas holidays are over

goodtime to buy more kasbah

m

[the machine]

tin ends 2008 in pretty poor shape.

london stockpile now represents about 1.5 weeks demand

at these prices it is well below production costs in many places, which must have an impacton future supply.

kasbah project looks verty robust so should still be profitable at this price



Welcome to the Tin hub page. In this useful section of the site you will find information relating to the LME's traded contract. For convenience, settlement prices, opening stocks and the forward price curve for Tin are available below. From this page you can also navigate to the Tin contract specification, details of the Tin committee members, consumption and production information, and current listed brands.


LME Official Prices (US$/tonne) for 30 Dec 2008 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 10,065.00

CASH SELLER & SETTLEMENT 10,070.00

3-MONTHS BUYER 9,795.00

3-MONTHS SELLER 9,800.00

15-MONTHS BUYER 9,475.00

15-MONTHS SELLER 9,525.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

30 Dec 2008 7925



M

[the machine]

so tin back up 10% so far this year - still way under productioncosts for many mines.

better up than down though



You are here: home | non-ferrous metals | tin



Welcome to the Tin hub page. In this useful section of the site you will find information relating to the LME's traded contract. For convenience, settlement prices, opening stocks and the forward price curve for Tin are available below. From this page you can also navigate to the Tin contract specification, details of the Tin committee members, consumption and production information, and current listed brands.


LME Official Prices (US$/tonne) for 5 Jan 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 11,395.00

CASH SELLER & SETTLEMENT 11,400.00

3-MONTHS BUYER 11,100.00

3-MONTHS SELLER 11,105.00

15-MONTHS BUYER 10,700.00

15-MONTHS SELLER 10,750.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A

[the machine]

stockpile up a bit


Welcome to the Tin hub page. In this useful section of the site you will find information relating to the LME's traded contract. For convenience, settlement prices, opening stocks and the forward price curve for Tin are available below. From this page you can also navigate to the Tin contract specification, details of the Tin committee members, consumption and production information, and current listed brands.


LME Official Prices (US$/tonne) for 12 Jan 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 11,550.00

CASH SELLER & SETTLEMENT 11,600.00

3-MONTHS BUYER 11,500.00

3-MONTHS SELLER 11,505.00

15-MONTHS BUYER 11,085.00

15-MONTHS SELLER 11,135.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

12 Jan 2009 8010




LME Official Prices Curve




bid price

offer price




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The Ringsider

THE RINGSIDER
Find out more about the LME's official magazine, The Ringsider.

[the machine]

300,000 traded today on asx @ .032 cents - volume is a lot more than recent and hopefully a sign of things to come as quarterly report nears.

the quarterly report should have usual new core results plus also have details of the old cores from moroccan government agency - in other words a lot more info than normal.

tin is pretty low on LME [not such an influence on kasbah today - but price will be more relevent in 12 months when resource moves into next stage]

m

[the machine]

quarterly out today and looking very good.

tin resource is 3rd on list of top 10 listed asx companies


links

http://kasbahresources.com/cms/

http://kasbahresources.com/cms/attachments/951_KAS_Quarterly_Report_Dec08.pdf

http://kasbahresources.com/cms/attachments/952_App5b-Dec08.pdf

M

[the machine]

investor presentation and link to radio interview

http://www.asx.com.au/asx/statistics/getAnnPdf('/asx/statistics/showAnnouncementPDF.do?idsID=', '00924495', 'Announcement');return false;

http://www.asx.com.au/asx/statistics/getAnnPdf('/asx/statistics/showAnnouncementPDF.do?idsID=', '00924496', 'Announcement');return false;

m

[the machine]

investor presentation and link to radio interview

http://www.asx.com.au/asx/statistics/getAnnPdf('/asx/statistics/showAnnouncementPDF.do?idsID=', '00924495', 'Announcement');return false;

http://www.asx.com.au/asx/statistics/getAnnPdf('/asx/statistics/showAnnouncementPDF.do?idsID=', '00924496', 'Announcement');return false;

m

the radio interview is very good and highly recommended

M

[the machine]

tin price still going nowhere, but at least stockpile has dropped a bit to 8855t [1.6 weeks demand]



LME Official Prices (US$/tonne) for 10 Feb 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 11,125.00

CASH SELLER & SETTLEMENT 11,150.00

3-MONTHS BUYER 11,050.00

3-MONTHS SELLER 11,055.00

15-MONTHS BUYER 10,645.00

15-MONTHS SELLER 10,695.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

10 Feb 2009 8855




LME Official Prices Curve



M

[the machine]

http://kasbahresources.com/cms/attachments/950_KAS_Exploration_Update_18Feb09_v2.pdf



this link works

m

[the machine]

bid now .035 = a 16% increase ytd.

the drill result from latest hole [11m @ 2% tin] in an extended zone has helped no doubt.

With LME stocks now well under 52 week high of over 11,000t then tin shows plenty of upside.

kasbah low sell price of 4c au will not be around for long.

M

[the machine]

if any of you readers have bought and sold any recently, the spike is sp was because I have brought a significant stake in company.

sp may drop off a tad now that have completed purchase.

M

[the machine]

kasbah also trade on berlin stock exchange as well as asx


March 13, 2009 8:43 AM ETMATERIALS SECTOR | METALS & MINING INDUSTRYKasbah Resources Ltd
(KAS:Berlin Stock Exchange)
LAST €0.02 EURCHANGE TODAY -0.008 -30.77%VOLUME 0.0KAS On Other ExchangesAs of 8:38 AM 03/13/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
SnapshotNewsChartsFinancialsEarningsPeopleTransact ions
Stock Charts for Kasbah Resources Ltd (KAS)
1 Day5 Day1 Month3 MonthYTD1 Year3 Year5 Year10 YearMaxCustom Options


M

[croesus]

Interesting stock.. M .. have just read entire Sharetrader thread.. and printed and read the Green Leader Research........ how do you see it all panning out... a take over by a cashed up miner.. or KAS .. developing the mine.... obviously you are passionate on this one....would be interested on your thoughts.

cheers Croesus

[the machine]

Interesting stock.. M .. have just read entire Sharetrader thread.. and printed and read the Green Leader Research........ how do you see it all panning out... a take over by a cashed up miner.. or KAS .. developing the mine.... obviously you are passionate on this one....would be interested on your thoughts.

cheers Croesus

Croesus, with an inferred resource so far of usd$500m+ of tin in first prospect then it will be developed.

as will take a lot of bucks then kasbah may hand over say 40% interest in exchange for a freeride with ther drillout program and development of mine, including leaching process.

tin smelter?

the inferred resource is only over a 2km strike length out of an 8km strike length.

the reports on kasbah website make a very interesting read and might take a few reads to understand them.

then there is the smaller tin site, plus of course the gold prospect.

kasbah were the first foreign company allowed to explore in morocco in recent times.

with copper and aluminium now coming back into favour, tin will not be far behind.

would like to buy another big slice of them if price eased off after we bought a heap last week

M

[the machine]

good to see the bid now @ .05c, a jump of 1c for the day.

but doubt if buyer will have success and might have to increase to .055 which is where we left the market after taking a stake last week.

as a form of insurance we have put in a bid which is well off the pace and well below cash backing, just incase someone is silly enough to sell at that price

thus if price goes up we win and if price goes down and we pick up some dirt cheap shares we also win.

its not todays, next weeks, next months price that really counts - its in 6-12 months time and to me anything under 10c is a bargain

the top 20 shareholders [70%] paid .25c au and don't seem in any hurry to sell.

M

[croesus]

Buyers at 5.6.... Machine the 15 m shares that come out of escrow next month.. do you have a opinion if they will be flicked or held ?
Cheers Croesus

Disc.. Watching.. interested.. but not a shareholder .. yet.

[the machine]

Buyers at 5.6.... Machine the 15 m shares that come out of escrow next month.. do you have a opinion if they will be flicked or held ?
Cheers Croesus

Disc.. Watching.. interested.. but not a shareholder .. yet.


held is my gut feeling, but will make some enquiries.

M

[the machine]

held is my gut feeling, but will make some enquiries.

M


further, it is extremely unlikely they would be sold as understand all held by management.


another 100,000 through today is good to see.

By my reckoning, there is at most, 1m shares left that were purchased 3 months ago when stock hit bottom. Simplistically, over half now resold at a profit, leaving less than 1m to go.
This represents any likely sellers and how long will they be available is the question - a couple of weeks maybe before all dried up.

After that all holders paid a heck of a lot more than market so don't expect any more bargains.

M

[the machine]

some lucky person picked up 15,000 today @ .038 - what a bargain and good luck to them.

metals seems to be coming back in favour so that will flow onto tin.

M

[the machine]

one thing that could easily be overlooked with kasbah is the present joc inferred resource is 6mT @ .9% - how about all the tin that could be produced from .3% to .9% - this adds depth to what looks like being a world class resource.

M

[tricha]

one thing that could easily be overlooked with kasbah is the present joc inferred resource is 6mT @ .9% - how about all the tin that could be produced from .3% to .9% - this adds depth to what looks like being a world class resource.

M

Hey machine, maybe u should call up the mighty one to give judgement on this hot potato.;)

Until this recession \depression is over metals are screwed and so are most oilers.

[the machine]

have left market to make its own way this week and only 12,000 traded at .38
was tempted to buy them @ .40 before dropped but as only 12,000 then not worth it
50,000 maybe.


market at .039/.055 and seller seems pretty set.

see what next week brings with recovery in stock markets and if seller still there @ .055 with a rising market then might take them out

M

[the machine]

whilst tin price is still going sideways, at least the tin stockpile of 10905t is not going up, so once demand picks up the stockpile will be erroded quickly

normal tin demand is 5,000t per week




LME Official Prices (US$/tonne) for 1 Apr 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 10,640.00

CASH SELLER & SETTLEMENT 10,650.00

3-MONTHS BUYER 10,450.00

3-MONTHS SELLER 10,465.00

15-MONTHS BUYER 10,160.00

15-MONTHS SELLER 10,210.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

1 Apr 2009 10905








m

[the machine]

increased my bottom of the market bid yesterday but no bites - 0.007c off the best buy bid @ 0.045 and seller still on 0.055.

missed the trade of 50,000 @ 0.04 - some very lucky buyer picked these up

G20 seems to have given mr market a shove

M

[shasta]

increased my bottom of the market bid yesterday but no bites - 0.007c off the best buy bid @ 0.045 and seller still on 0.055.

missed the trade of 50,000 @ 0.04 - some very lucky buyer picked these up

G20 seems to have given mr market a shove

M

For how long though, G20 can only do so much?

Tin is still towards its lows...

Did you look into SRZ, they had a very promising tin project in Tasmania, refer the SRZ thread

[the machine]

For how long though, G20 can only do so much?

Tin is still towards its lows...

Did you look into SRZ, they had a very promising tin project in Tasmania, refer the SRZ thread


read the thread - not a not of activity on it though.

please advise how much tin do they have

M

[shasta]

read the thread - not a not of activity on it though.

please advise how much tin do they have

M

They have a tin project they were looking to spin off, due to market conditions at the time they didnt go thru with it.

All details are on the SRZ thread, & yes its a quite one these days!

[the machine]

949,000 traded today @ .055 is the second largest daily volume in over 12 months, largest being 1.8m @ .03 back in dec.

we did buy 100,000 of these

its good to see support growing

M

[the machine]

application to release 15m shares from enscrow

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00943617

doubt very much if any will be sold


M

[the machine]

LME Official Prices (US$/tonne) for 9 Apr 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 11,050.00

CASH SELLER & SETTLEMENT 11,055.00

3-MONTHS BUYER 10,800.00

3-MONTHS SELLER 10,805.00

15-MONTHS BUYER 10,505.00

15-MONTHS SELLER 10,555.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

9 Apr 2009 11935




M

[the machine]

another 200,000 @ .55 traded today is pretty good volume.

large seller is holding out for 5.5.

one would expect the quarterly report will provide some upside for the sp and with a buy in at only 5.5 then it does not take much to show a reasonable [paper] gain

M

[the machine]

price up and lme stock down a bit.




LME Official Prices (US$/tonne) for 15 Apr 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 11,500.00

CASH SELLER & SETTLEMENT 11,600.00

3-MONTHS BUYER 11,375.00

3-MONTHS SELLER 11,400.00

15-MONTHS BUYER 11,110.00

15-MONTHS SELLER 11,160.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

16 Apr 2009 (Data >1 day old) 11660 tonne


only 14,000 traded today - looks like balance of a buy order

whilst directors have a lot of options, one cannot lose sight of fact that the options are in lieu of director fees, so obviously the directors expect the options will be in the money and for this to happen the sp will have to be over 25c in 2 years time - a very large increase from today


M

[Corporate]

whilst directors have a lot of options, one cannot lose sight of fact that the options are in lieu of director fees, so obviously the directors expect the options will be in the money and for this to happen the sp will have to be over 25c in 2 years time - a very large increase from today


M


oooow i like that. Do you know of the top of your head how many options they hold?

Machine i've looked at the three year chart, and am wondering what is different about the company since the days of 40cps?

[the machine]

oooow i like that. Do you know of the top of your head how many options they hold?

Machine i've looked at the three year chart, and am wondering what is different about the company since the days of 40cps?


here is link to recap of all options
http://kasbahresources.com/cms/attachments/948_KAS_ReleaseFrom%20Escrow_09April09.pdf

what is different to those heady 40c days?
well the "inferred ' tin resource now 3 times larger, making it a potential world scale mine.
stage 3 of the drilling campaign has been completed and for this quarter there have been studies on next step to upgrade to "indicated".
http://kasbahresources.com/cms/attachments/953_KAS_Ach_JORC_Upgrade_101208.pdf

also there is the gold exploration permit where work has progressed.
http://kasbahresources.com/cms/attachments/996_Kasbah_Investor_Presentation_18Nov2008.pdf

the quarterly report should have a lot of results from all the work and studies over last few months and give details of next round of drilling.

raid away

M

[the machine]

tin price now at a 2.5 month high.

the stockpile is double what it was in dec

for 17 Apr 2009 (Data >1 day old) LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 12,180.00

CASH SELLER & SETTLEMENT 12,200.00

3-MONTHS BUYER 12,050.00

3-MONTHS SELLER 12,100.00

15-MONTHS BUYER 11,790.00

15-MONTHS SELLER 11,840.00

27-MONTHS BUYER N/A

27-MONTHS SELLER



DATE TIN

17 Apr 2009 (Data >1 day old) 11800 tonnes


10 days before deadline for release of quarterly - actually be good if released earlier, but with monday april 27 being a public holiday here then that may slow it down

M

[the machine]

51,500 traded today @ .055


tin up again, both price and stockpile, with a rising usd$



LME Official Prices (US$/tonne) for 20 Apr 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 12,375.00

CASH SELLER & SETTLEMENT 12,400.00

3-MONTHS BUYER 12,250.00

3-MONTHS SELLER 12,300.00

15-MONTHS BUYER 11,985.00

15-MONTHS SELLER 12,035.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

20 Apr 2009 11915 tonnes

M

[the machine]

tin back up.

of course whilst early days yet for kasbah, the higher tin price onback of increased value of usd$ and incresed stockpile at LME [which represents 2.5 weeks world consumption], will no doubt influence next stage of exploration.

am hoping quarterly report will include very positive news of field work in gold prospect - namely extending gold mineralised zone and verifying previous diamond drilling cores.


LME Official Prices (US$/tonne) for 22 Apr 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 12,450.00

CASH SELLER & SETTLEMENT 12,500.00

3-MONTHS BUYER 12,100.00

3-MONTHS SELLER 12,200.00

15-MONTHS BUYER 11,725.00

15-MONTHS SELLER 11,775.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

22 Apr 2009 12010 tonnes


M

[the machine]

highest tin price since dec


LME Official Prices (US$/tonne) for 23 Apr 2009 LME Official Opening Stock (in tonnes)



TIN

CASH BUYER 12,760.00

CASH SELLER & SETTLEMENT 12,770.00

3-MONTHS BUYER 12,510.00

3-MONTHS SELLER 12,515.00

15-MONTHS BUYER 12,090.00

15-MONTHS SELLER 12,140.00

27-MONTHS BUYER N/A

27-MONTHS SELLER N/A


DATE TIN

23 Apr 2009 11735 tonnes

M

[the machine]

link to quarterly report

http://kasbahresources.com/cms/attachments/947_KAS_Quarterly_Report_Mar09.pdf

M

[Corporate]

link to quarterly report

http://kasbahresources.com/cms/attachments/947_KAS_Quarterly_Report_Mar09.pdf

M

machine, how far is the $3.9 cash in the kitty going to get them? Are they setting this up for a take over or to actually produce?

[Sehnsucht888]

machine, how far is the $3.9 cash in the kitty going to get them? Are they setting this up for a take over or to actually produce?

Another 1.25 years at this rate. The used 800K in the last quarter.

I can't find an expected production plan, (maybe I just missed it). The next 6 months has a number of drills etc, but what are the expectations in producing? You can't just keep finding stuff..

[the machine]

machine, how far is the $3.9 cash in the kitty going to get them? Are they setting this up for a take over or to actually produce?


IMO a new invester will be brought into the tin to take project up to development stage, but kasbah still retaining majority ownership.

the gold prospect to be retained 100% by kasbah.

clearly the $3.9m will not go very far if kasbah are to move forward with indicated joc tin resource, but retain 100%

M

[the machine]

Another 1.25 years at this rate. The used 800K in the last quarter.

I can't find an expected production plan, (maybe I just missed it). The next 6 months has a number of drills etc, but what are the expectations in producing? You can't just keep finding stuff..

still in exploration and resource definition stage
[one would hope will still substantially increase tin resource through this process]

this will require additional funding as $3.9m will quickly be spent if kasbah retain 100%.

IMO the tin is now at a point where can sell say 40% to someone with very deep pockets to fund future drilling and development, leaving kasbah with majority stake / operator and 100% of the gold play.

M

[croesus]

M. starting to like the story... was that you buying today ?

HGD WID CUE TEX QPN KSO ....

[the machine]

M. starting to like the story... was that you buying today ?

HGD WID CUE TEX QPN KSO ....


no, but might look at some later next week when some more funds come through

the volume since early april is interesting


M

[the machine]

like the news that a director bought 400,000 on friday @ .053

it inspired me to buy more today and since now have more than enough have cancelled my dirt cheap bid for 220,000.

M

[the machine]

Robin Bromby | April 30, 2009
Article from: The Australian
AN analysis by the London-based tin specialists ITRI of more than 20 potential hard-rock mining projects - with a combined resource of over one million tonnes of contained tin - shows an average grade of less than 0.4 per cent tin.

As a result very few are currently economically viable, the firm adds.

Overnight, tin stocks at the London Metal Exchange warehouses reached a 52 week high of 12,345 tonnes. It was just 10 weeks ago that Sydney-based Resource Capital Research published a tin survey drawing comfort from the fact that there was no growing tin surplus. That was issued when LME stockpiles sat at 8820 tonnes.

It is testament to the continuing volatility in the metals markets that explorers and miners don’t know where they stand from one month to another, regardless of the metal. Just as the industry here is reaching critical mass - there are now 16 listed companies with substantial tin projects - and a good deal of money is being poured into exploration, it seems that the immediate outlook is turning bleaker.

ITRI said the market is expected to be in surplus by between 5000 and 10,000 tonnes in 2009 as a result of the sharp decline in world consumption due to the economic crunch. However the size of the surplus has been limited by rapid cut-backs in mine output while Chinese Government financing of tin purchases for stockpiles has prevent the price tanking.

But the near halving of the tin price from $US23,175/tonne a year ago to $US12,180/tonne last night means that mines are being closed or new developments put on hold.

ITRI estimates that world tin usage in 2009 will fall to around 300,000 tonnes, well below the record levels of some 360,000 tonnes a year reached in 2006 and 2007. Btr it expects some recovery in demand later this year.

As to grades, some of our explorers have been reporting encouraging figures as a survey of the latest quarterlies shows.

Venture Minerals said it is getting excellent metallurgical results from its Mt Lindsay deposit in Tasmania, with high recovery rates for tin (as well as tungsten and magnetite). Consolidated Tin Mines has increased its resource to 5.3 million tonnes at an average grade of 0.6 per cent, while Kasbah Resources has had recent intersections at its Morocco tin project of up to 0.93 per cent.

Others to watch are gold producer North Queensland Mines which has sufficient cash flow to advance its Herberton copper-tin-silver-indium project in Queensland and YTC Resources - it has been expanding its tin ground.


The writer implies no investment recommendation and this report contains material that is speculative in nature. Investors should seek professional investment advice.

[the machine]

berlin stock exchange shows 20,000 traded today at 3 euro which is an increase of 13%

3 euro is about 5.5c au

M

[the machine]

with price of tin up 14% last week its about time a gain was reflected in the sp - would be happy if kasbah finished this week up 10% @ 0.055.

M

[the machine]

some tin news whereby China Yunnan province has not stockpiled all the 30,000t they said they would.



Print article
8 May 2009
Yunnan announces second phase of stockpiling
China’s Yunnan provincial government has announced a second round of stock financing measures to support local producers of non-ferrous metals. The first scheme began in December 2008 and allowed for up to 552,000 tonnes of metals from nine producers to be reserved as collateral for commercial bank loans under-written by the province. The second phase is due to run from 30 April to 31 December this year. No tonnages have been announced, but the list of metals covered (originally copper , aluminium , lead , zinc and tin ) has been expanded to include germanium and silicon.

The original scheme covered up to 30,000 tonnes of tin , but ITRI believes that the actual volume involved was about 10,000 tonnes. In the first round only Yunnan Tin was designated as a supplier of tin but in the second phase a statement from the provincial government's industry and communications committee said that other metal producers in addition to the nine in the first round are allowed to participate, but will be under strict scrutiny in the application process. – ITRI


2nd half 2009 looks a lot better than 1st half - just need kasbah to deliver and SP rockets up

M

[the machine]

Timah Expects Tin Prices to Top $15,000 a Ton (Update1)
Share | Email | Print | A A A

By Yoga Rusmana

May 20 (Bloomberg) -- PT Timah, the world’s second-largest tin producer, expects prices of the metal to top $15,000 a ton in the second half of the year, Corporate Secretary Abrun Abubakar said.

more good news on tin price forecast for second half

The Indonesian company may sell about 46,000 tons of the metal this year, Abubakar told reporters in Jakarta today. Timah sold 46,438 tons of the metal in 2008.

“Prices will stabilize in the second half as economic conditions are improving,” Wachid Usman, the company’s president director, said.

Tin for three-month delivery on the London Metal Exchange rose 2.5 percent to close at $13,650 a ton on Tuesday.

The state-owned company would allocate 700 billion rupiah ($68 million) for capital spending this year compared with 1.4 trillion rupiah in 2008, Abubakar said.

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net


M

[the machine]

kasbah having a 1:1 issue at au3c / share - goes ex entitlement on june 3

so if any readers want to buy in now cheap then time is very limited

an unrelated 3rd party is willing to take a slice [although not quantified]

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00956845

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00956823

good luck

M

[the machine]

am leaning towards taking up my full entitlement plus apply for some extra - this is after talking to my stockbroker who is highlighting shares are being issued at a discount.

also since kasbah have kept project running through the economic crisis over last 6 months
[with aussie mining companies closing exploration depts and laying off all exploration staff] then it demostrates how robust the main tin project is.

the 2 drilling rigs due to start in july should start producing results by mid august and after a couple of positive infill drilling results then kasbah could be 5c come sept 30
[up from the 3c issue price]

M

[the machine]

have now decided to take up my full entitlement which will equate to 1.3% of the minimum subscription of the $2m.

expect kas to be at least 5c by end sept = a 66% gain on the 3c issue price.

M

[the machine]

kasbah sp is holding up pretty well given the 1:1 entitlement issue @ .03c

notice the lack of sellers not willing to quit stock @ .035 when they can replace any sold shares @ .03 - leaving the dilution aside.

be interesting what effect the entitlement issue has on the heavy sellers of the last 6 months - hopefully they would have been taken out of the play, leaving sp to be just a normal trading share.

Monday will know how the issue went - my guess is it will be oversubscribed.

M

[the machine]

have now decided to take up my full entitlement which will equate to 1.3% of the minimum subscription of the $2m.

expect kas to be at least 5c by end sept = a 66% gain on the 3c issue price.

M



ok, it was not oversubscribed, but at least made the minimum and now the shortfall will be picked up by the unrelated parties with 4% discount. by unrelated parties I assume existing shareholders who are not directors.
but maybe an unrelated party could be someone new to register.

monday should see news of the change in top 20.

then the next round of drilling to follow - hope they are quick with this

the bid of .036c represents a 20% increase on the new issue @ .03c and whilst that is good at this point in time, the better value will be gained through the drill bit [that is mostly infill]

expecting big things here as swapped most of my ppp holding for kas and whilst ppp have gone on well since march, I expect kas will outperform them by years end - even with ppp having further success.

M

[the machine]

kasbah hit .043 today but finished on .04 - IMO looks like one of the unrelated parties who wanted more shares, wanted them today and not willing to risk paying a higher price next week when kasbah crank up pr machine, after formalities of issueing new shares and updating top 20.

to me 5c by end of sept looks very achievable and would not be surprised if 10c by end of dec.

M

[the machine]

back from 2 weeks holidays in darwin where temp 32c
looks like a lot of posters can expect some pretty cr***y weather in a few days, since its a real shock what we came back to.

anyway, an announcement from kasbah is overdue - surely drilling plans have been made.
kasbah need to keep market well informed.

M

[the machine]

quarterly report looks pretty good - now have to see what mr market thinks about it

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00970672

m

[the machine]

quarterly report looks pretty good - now have to see what mr market thinks about it

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00970672

m

mr market only increased bid by 0.02c - back to .037.
interesting that quarterly report is talking about a decline with drill cuddies, to test below existing drilling.

as there is no funding for this then why talk about it?
a decline from side of hill would cost quite a lot - say usd$8-10m for decline then plus cost of underground drilling - say another usd$5m

the upcoming drilling is about half of the proposed program, so when are we going to hear about balance of drilling.

me thinks kasbah have more info to release when details finalised.

stay tuned


meanwhile bottom of market is shown so price can only get better - a time to buy!!
M

[the machine]

above average buying today with 345,000 traded

M

[the machine]

above average buying today with 345,000 traded

M


looks like the buyer was mostly a director as a director notice of 340,000 shares bought on market just issued.

this underpins the time to buy is now

M

[the machine]

up 0.002c today - that equates to a 6.66% gain on the recent share issue.

more to come - lots more once drilling starts

remember with IPO @ 25c a couple of years back - sp went up to mid 40's before any drilling and picking up the gold propect.

whilst would be nice to see sp back at 25c level, that may be a year or so away

M

[the machine]

lets see how it goes today for kas - can they hold onto the sp rise in last 2 weeks?

the quarterly report has come and gone, director bought 340,000 shares [but did not participate in 1:1 whereby entitled to 100,000 shares @ 0.03c]

I think so.

half of the new drilling program starts soon next month and that will give sp momentum

getting back to the quarterly its interesting top 20 shareholders now a/c for only 66% and top 5 including CEO hold 40%
[that means rankings 6-20 only hold 26% and holders outside top 20 now increased to 34%]

a wider holding outside top 20 seems like a good thing to me and shows increased support by smaller shareholders


M

[the machine]

sales now at 4c, with 350,000 through today - nice.

was thinking of buying some more as well, but will wait for start of drilling

M

[STRAT]

Hi M
This is a lonely ol thread and dare I say it you have machine like dedication to the story :D. How long have you been waiting on this one to show some git up n go Machine?

[the machine]

Hi M
This is a lonely ol thread and dare I say it you have machine like dedication to the story :D. How long have you been waiting on this one to show some git up n go Machine?


Strat, another poster on the thread - well done!

to answer question its been about 12 months that have been thinking kasbah way under value.

prior to that did participate in ipo 2 years ago @ 25c and was very happy when price hit mid 40's - this was before any new drilling and the awarding of gold permit.

this year have swapped a large amount of ppp for kasbah as am of opinion it is a huge prospect and looking forward to upcoming drilling program.


if I apply half the dedication that have given ppp over last 20 odd years to now apply to kashbah then it should be well worth it

M

[shasta]

Hi M
This is a lonely ol thread and dare I say it you have machine like dedication to the story :D. How long have you been waiting on this one to show some git up n go Machine?

Actually the SRZ june quarterly had some good things to say on Tin...

Here's the document

http://www.stocknessmonster.com/news-item?S=SRZ&E=ASX&N=320985

[the machine]

Actually the SRZ june quarterly had some good things to say on Tin...

Here's the document

http://www.stocknessmonster.com/news-item?S=SRZ&E=ASX&N=320985

thanks Shasta

tin is hanging in there and set for gains on back of increasing demand as economies recover

M

[the machine]

boardroom radio report in conjuction with quarterly report

suggest print quarterly report first, so that the audio makes more sense

http://www.brr.com.au/event/59135

M

[the machine]

bought some more today at 4c

infill drilling should start any day now, inturn give sp some lift

M

[Corporate]

bought some more today at 4c

infill drilling should start any day now, inturn give sp some lift

M

haha machine - nearly own half the company? Must getting a nice size holding :-)

[the machine]

haha machine - nearly own half the company? Must getting a nice size holding :-)


alas a long way short of that

but to make any decent money one has to have a significant amount of shares [instead of just a few thousand dollars worth] and i am positioned to make a decent amount of money over next few years

go for the ride as well

M

[suntboy]

Hi M
noticed a bit of volume at 4 cents today and at least 500 000 was a cross trade on comsec
heres a cheeky thought
if you had 2 accounts , say 1 in your name and another in a supers name , could you sell to yourself for the cost of the trades to give the impression of interest in the co?
nice to see you are no longer talking to yourself
good luck with your investment

welcome to suntland

[the machine]

Hi M
noticed a bit of volume at 4 cents today and at least 500 000 was a cross trade on comsec
heres a cheeky thought
if you had 2 accounts , say 1 in your name and another in a supers name , could you sell to yourself for the cost of the trades to give the impression of interest in the co?
nice to see you are no longer talking to yourself
good luck with your investment

welcome to suntland

thanks suntboy

the existing sellers at 4c would have first priority, but after all taken out then guess it would work.

mindfull that all the shares in the IPO were bought at 25c [i had 20,000] so one could sell for 4c and pick up a substantial tax loss and replace holding at 4c.
sell and rebuy on different days is recommended though by my stockbroker

[i actually did it the other way round - bought first then sold the 20,000 at 4.6c back in late may and picked up the tax loss as needed it and alot more after selling some ppp at substantial profit so could take a position in kasbah]

so yes there could be some of that at play.


however 850,000 traded early today is a significant volume and i take that as a plus
[i bought 200,000 of the 300,000 yesterday after listing to the boardroom radio report]

its one thing to say drilling is going to happen, but its another thing to have the drilling rig now in the country and about to start work

i rate kasbah as a very undervalued stock and the infill drilling will give it huge momentum

M

[the machine]

an interesting article from ITRI



LME has no plans to change rules



Release date: 04 Aug 2009



The London Metal Exchange is satisfied with its current lending guidelines for dominant position holders and has no plans to identify speculative market participants even as tin spreads widened dramatically again, Metal Bulletin reports. “We are always looking at ways to better serve the market, but we have no plans to change,” said an LME spokesman. His comments came after a number of large positions in the base metals contracts - including copper, tin and lead - have built up in recent months. As of Friday the LME had not received any official complaints regarding positions in copper, lead or tin, the spokesman told MB.

Tin spreads increased suddenly for the second time in less than a month on Monday as one market participant continues to hold a long futures position of 40% or more of open interest with a September third Wednesday prompt date, according to LME data from July 30, the most recent futures banding report. There has also been a rising concentration of LME warrants held by one party in the last week – the July 30 data shows a holder of 50-80% of total LME warrants, up from 30-40% a week earlier. The build-up of long positions and borrowing on the September-December spread has created a backwardation of around $1,000- 1,300 per tonne over that period, according to market participants.



M

[suntboy]

Gday M
More on my scheme
If you allocated 1% of your holdings to passive trades in order to keep volume and thus interest up , could that not be beneficial in the long run
Ideally if you had family or mates(meaning multiple accounts) you could at the moment continually trade at 4c and hopefully a few sheep will catch interest then hopefully the lemmings will follow and before to long it may well be sitting at 5c
Obviously you would not go on forums and admit it

Welcome to Suntland

[STRAT]

Obviously you would not go on forums and admit it

Welcome to Suntlandlol :D Ooooops, doh:p

[suntboy]

plant the seed

[the machine]

Gday M
More on my scheme
If you allocated 1% of your holdings to passive trades in order to keep volume and thus interest up , could that not be beneficial in the long run
Ideally if you had family or mates(meaning multiple accounts) you could at the moment continually trade at 4c and hopefully a few sheep will catch interest then hopefully the lemmings will follow and before to long it may well be sitting at 5c
Obviously you would not go on forums and admit it

Welcome to Suntland

good luck with that.

on reflection the 500,000 cross trade you mentioned is possibly due to a european buyer buying on asx [understand kasbah listed in belgium]

anyway, another 100,000 + today and looks like the 4c seller has been taken out at long last

M

[suntboy]

lookin good M
green on a red day and more importantly some buying interest
my go now would be to put a sell on 200,000 at .044 and immediately buy them at the same price to keep the momentum going

[STRAT]

lookin good M
green on a red day and more importantly some buying interest
my go now would be to put a sell on 200,000 at .044 and immediately buy them at the same price to keep the momentum going
Are you having a laugh Suntboy?:D
What momentum? :confused:
3 trades today. Total value $2800.00

[suntboy]

all about getting interest in the company
with that comes buying depth
with that comes price movement
ann like driiling soon will get noticed by more
attract the sheep and watch em morph to lemmings
look how long M talked to himself
i wonder how many if any here have looked at their share price in the last cupla days
good luck M

[the machine]

lookin good M
green on a red day and more importantly some buying interest
my go now would be to put a sell on 200,000 at .044 and immediately buy them at the same price to keep the momentum going



tend to agree with strat, a much higher consistent volume needs to happen before any sort of momentum.

buying/selling shares to try and influence sp is best left to others - I certainly will not be doing anything like that.
my shares are not for sale until a very decent profit is there

yes it is good sp reached 0.043 [a 43% increase from recent issue price] but that is only just a tiny step along the way.

I would not be surprised if 15c by xmas and alot more by this time next year.

its up to the individual if they want to buy or not - i can only point out the opportunity.


M

[the machine]

large volume through today and somebody picked up a bargain.

expect drilling has started otherwise kasbah would have had to say so
[otherwise would be contrary to quarterly reportand recent boardroom radio report]

so some results expected in next couple of weeks.

M

[the machine]

well the official drilling announcement out late today and did wonders for sp - finished @ .045 - up 1 c from yesterday.

wonder what whoever sold 1% yesterday dirt cheap is now thinking
[good luck to buyers up 30% in 1 day]

M

[the machine]

Gday M
More on my scheme
If you allocated 1% of your holdings to passive trades in order to keep volume and thus interest up , could that not be beneficial in the long run
Ideally if you had family or mates(meaning multiple accounts) you could at the moment continually trade at 4c and hopefully a few sheep will catch interest then hopefully the lemmings will follow and before to long it may well be sitting at 5c
Obviously you would not go on forums and admit it

Welcome to Suntland



last trade today was 1,000 @ .047c - an increase of .003c on previous trade.

whilst only $47 in value, it added 7.5% on top of the already 10% gain made earlier.

volume is way to this to make anything of it, apart from maybe helping my share tipping entry closer to end of month

maybe when drilling results start coming through, buying @ .047 will be seen as very astute

M

[suntboy]

could of been done earlier in the day when the first buyer bought .
if he had added 1 more share to his order and bought at market you tnen had all day to get some interest and try and close the gap between the buys and sells
on the positive side M is that a canadian broker is rumuored to be taking an interest in the company so hopefully more people get to become aware of kas and the price starts heading north
good luck

[suntboy]

Gaps startin to fill nicely M
Nice % rise and I have done very little
But dont post it on a chat site

[the machine]

Gaps startin to fill nicely M
Nice % rise and I have done very little
But dont post it on a chat site

so you hold some?

some pretty good trades today and it was nice seeing that 0.051 bid for a while - sure it hit 0.051 but finished off at 0.049 - think last trade was 40,000 that pulled it down.

my stockbroker advised it was not them doing the buying on behalf of their clients today,which indicates to me more widespread interest

see commodity mine have kasbah as the main headline re tin which gives a lot of coverage
[one wonders if kasbah have to pay for this]

see if kasbah can hang onto the gains come friday

M

[suntboy]

Do I hold? Guilty as charged(but dont post it on a chat site)
Own a few hundred thou , mainly out of boredom and more so putting my money where my mouth is
I have a passive income of 200US a day which is starting to burn a hole in my pocket as the company I have been trying to buy is far and away more illiquid than these guys
(Dart )
Was in Perth a few days ago to check out a company and catch up with mates and am now in Victoria to do the same (may look at moving back if I like what I see)
For me they are not a long term hold but there definately is more interest from others and I can only see the price going up whilst drilling continues
In terms of media coverage Robin Bromby from The Australian watches them and they tend to bob up in his columns every fortnite or so
Good luck M

Welcome To Suntland

[Sharp737]

Jumped in myself with a few....interesting and worth a look at this stage anyways

[Sharp737]

On the present drill where they have some 6M tons of inferred Tin and hope to prove up 1-2M tons of probable Tin, I did some very rough calculations of inground resource values at present prices:

US$6.75 x 2240 (English ton in lbs) x 1M tons = US$15.12 Billion

2M tons of probable Tin is double that = US$30.24 Billion

6M tons of Tin = US$90.72 Billion

Am I right here? Even if you take a ton as a US ton, and even if so, what the heck!!! We are talking really huge money are we not?

[STRAT]

Looks like your evil plan is working Suntboy :D:D:D

[suntboy]

lol
yeah i reckon my job is done strat
nothin worse than an introvert on the internet
got another convert to talk to m
when u consider m talked to himself for months there are now 3500 views
sew the seeds reap the rewards
may actually hold for a while

good luck sharpie reckon u dont needit

welcome to suntland

[suntboy]

lol
yeah i reckon my job is done strat
nothin worse than an introvert on the internet
got another convert to talk to m
when u consider m talked to himself for months there are now 3500 views
sew the seeds reap the rewards
may actually hold for a while

good luck sharpie reckon u dont needit

welcome to suntland

[suntboy]

sorry about the double up but reception slow out here in the back of burke

[Sharp737]

Thanks suntboy, I don't like missing out on any action

Nice little rise today too :)

[Sharp737]

M is ok, he's no dipstick :)

[the machine]

On the present drill where they have some 6M tons of inferred Tin and hope to prove up 1-2M tons of probable Tin, I did some very rough calculations of inground resource values at present prices:

US$6.75 x 2240 (English ton in lbs) x 1M tons = US$15.12 Billion

2M tons of probable Tin is double that = US$30.24 Billion

6M tons of Tin = US$90.72 Billion

Am I right here? Even if you take a ton as a US ton, and even if so, what the heck!!! We are talking really huge money are we not?


alas you are not correct

they are hoping to upgrade 1-2m t of the inferred 6m t @ 0.9% to indicated
[and balance 4-5mt remains inferred]

6mt inferred/incated @ 0.9% = 54,000t tin @ usd$14300/t is US$772,200,000.

someone told me today that with expected shortage on tin in next few years then us$30,000/t is expected by 2011 - hope they are right.

please be mindful that the 6mt @.9% excluded the eastern zone that has since produced readings up to 12% tin at surface [read the quarterly report carefully and you will see it]
therefore I expect a significant upgrade.

M

[the machine]

Thanks suntboy, I don't like missing out on any action

Nice little rise today too :)


could say more than a little rise - 18% is huge.

as you know I converted a lot of ppp into kas and sofar so good
[just run some chart comparions beteen ppp/kas over last 6 months]

the action has been in last week after next round of drilling started and whoever bought bigtime last wednesday @ .035 has made a killing

one wonders if there has been some leakage of info from kasbah as part of the rise - maybe a speeding ticket from asx is pending as well.

previously it was beyond my expectations that could see 10c by end of sept, but if price still there come cob friday then I might have to start thinking about the 10c timeline some more

M

[Sharp737]

Thanks for that M, I stand corrected. Good stuff, still very encouraging

[the machine]

Thanks for that M, I stand corrected. Good stuff, still very encouraging


should have also mentioned divided by only 177m shares = over usd$5 per share - less costs leading up to development and production costs

one would expect the resource will be upgraded after present drilling round.

one should be aware that timelines are june 2011 to complete feasability study and option 1 year extention to optimise same - thus its not going to happen overnight.

would be ironic if the gold prospect is developed first

M

[the machine]

some stats over last 3 weeks

w/e august 7
1,352,002 shares traded [0.76% of stock] range 0.04 mon - 0.43 fri
w/e august 14
3,917,729 shares traded [2.21% of stock] range 0.4 mon - 0.042 fri - but a low point of 0.035 wed when someone dumped 1% - the sp recovered next day
w/e august 21
2,028,158 shares traded [1.145% of stock] range 0.041 mon - 0.053 fri - high point 0.059
on friday - today - when first 69,000 traded at this price - balance todays selling 14,500 dropped price by half a cent from previous close

outcome for friday 21st cob not bad on a down friday day

total traded over 3 weeks 4.115%


top 5 shareholders own 40% correction top 5 not top 4
next 15 shareholders own 26%
balance 34% held by other shareholders including chairman and some directors

whilst will never know, one would doubt if top 20 shareholders would be sellers now, apart from maybe the 1% dumping down to 0.035 w/e august 14

thus small shareholders are doing a lot of buying and selling out of their 34%, with buyers taking positions
this is in simplistic terms and of course same shares could have traded several times during this period

to me it is a significant percentage and interested how others view it

M

[the machine]

kasbah are presenting at the African Down Under Conference pm sept 3, here in perth - that should spur on some interest from professional mining types.

in meantime would be handy if drilling progress report made - first hole should be completed even taking into consideration the additional downhole measurement program advised last year

M

[the machine]

understand 1st hole still only halfway due to teething problems with the rig [after it was transported from spain] [things break in transit]


anyway good to see sp recovered today

I bought some more - at least 10,000 @ .044 today

M

[the machine]

was a tad lucky today as had given up waiting to buy another 40,000 @.052 - rang stockbroker to buy them @ .055 but he was out for 20 minutes.

during this delay someone sold down to my bid so saved some $

interesting that the drop in value of 0.003 actually reduced the value of my shareholding even after buying the extra shares.

not to worry, because still on track for sizeable gain over next few months and 0.052 will be a very cheap share come end oct

M

[the machine]

someone in a hurry today to buy kasbah - finished at 6c- up 20% for the day.

M

[the machine]

someone in a hurry today to buy kasbah - finished at 6c- up 20% for the day.

M


with another 300,000 through in 1 trade this morning @ 6c then over 1,000,000 traded in last 5 trading days [or just over half a percent of stock]


6c will probably be a test to break through because it represents a 100% gain from issue 2.5 months ago.

but since stock tightly held then maybe only another couple of million to be flogged at this level before moving higher - its just a mtter of time before it does so

M

[STRAT]

Hi Phaedrus
Would you put up a chart for this one for me when you have time. Im getting some mixed messages such as
Uptrend...... thats nice
Break above resistance............. great
Divergence with Twiggs and OBV........not so great.
Big volume days are down days.............not so good
Relitive strength ............gaining so thats good
ADX, possible upturn...........who knows

Thanks in advance

[the machine]

sp up 1.5c so far this week, of which .8 was regaining lost ground from previous 5.8 level

finished at buyer 6.5 and seller 7

last 5 trading days still over 1 million

if support is maintained then my theory about 6 being a testing price will have been way off the mark - its nice to be wrong in this instance

6.5 is highest price since nov 2008 and when you consider the doubling of shares less than 3 months ago thats pretty amazing

if sp cracks 7c tomorrow then now no surprise

M

[the machine]

well 7c was not reached today as finished just shy @ .069, again with decent lumpy buying

last 5 trading days still over 1 million traded

its amazing watching the buy/sell game with extended periods of time having just a 0.001c difference even if someone bought 1m shares it [the difference] only equates to $1,000.

not that there are 1m shares for sale anyhow.

M

[the machine]

started the day well and up .002 at onestage, finished just .001 higher @ 7c

up on a flat market day is still good though.

M

[the machine]

in the end a small correction today of 20% after climbing from 5c to 7c finished @ 6.6

note volume still over 1 million shares last 5 trading days

good luck to those who bought at the 6.2c bottom for the day [sellers may have booked up to a 100% gain from 3c issue price]

see there is a new boardroom radio interview on kasbah website

what is needed is market to change sentiment for the better and any good news story from kasbah will see sp pushed higher

M

[the machine]

kasbah just jumped 1c to 7c so now back to 48% increase for month [4.7 at beginning]

still no annual report - today or tomorrow its due

M

[the machine]

notice on kasbah website an updated boardroom radio report with slides.
updated resource tonnage expected early 2010

M

[the machine]

interesting article how tin market cornered

http://www.telegraph.co.uk/finance/markets/6259436/The-mystery-investor-who-is-turning-the-tin-market-on-its-head.html

M

[CAM]

Wednesday, October 07, 2009

Kasbah Resources reported that the first hole of the planned 15,000 meters Meknes Zone Indicated (MZI) Resource drilling program at Achmmach project in Morocco intersected 22.0 meters of tin mineralization from 346.0 meters down hole.

http://kasbahresources.com/cms/attachments/932_Exploration%20Update_071009.pdf

[the machine]

Wednesday, October 07, 2009

Kasbah Resources reported that the first hole of the planned 15,000 meters Meknes Zone Indicated (MZI) Resource drilling program at Achmmach project in Morocco intersected 22.0 meters of tin mineralization from 346.0 meters down hole.

http://kasbahresources.com/cms/attachments/932_Exploration%20Update_071009.pdf


cam welcome to thread - do you hold any?

it was pretty slack of me to not post this report

like the photo of the core on page 3 detailing a 30% tin result [using nitron hand held tool]
these tools are amazing and I was so nervous when held one incase I dropped it as probably very expensive


kasbah set to consolidate gains today and maybe reach higher.

M

[CAM]

Hi machine.
No I don't hold any.

Actually don't hold any shares at the moment. Had to sell them because some silly financial crisis meant that I needed a 20% deposit for my first house.

I still keep an eye on this site and the markets for things of interest for when I have some funds to start reinvesting.

[the machine]

Hi machine.
No I don't hold any.

Actually don't hold any shares at the moment. Had to sell them because some silly financial crisis meant that I needed a 20% deposit for my first house.

I still keep an eye on this site and the markets for things of interest for when I have some funds to start reinvesting.


yes, houses are expensive

they are drilling ad030 now, but from other side of the hill which is lower down, so maybe [hopefully] the new depth they can get to will add more than the 10m from ad029.
its one thing to say tin should be at least 500m lower because of absence of granite, but is nice when the drill bit confirms that.

would expect nitron results from ad030 intime for quarterly and also some new drilling plans because only committed half of the drilling program so far

M

[the machine]

interesting story by reuters regarding cornering tin market

http://www.forbes.com/feeds/reuters/2009/10/09/2009-10-09T185053Z_01_L9551738_RTRIDST_0_TIN-EBULLIO.html

M

[the machine]

this week in london there is the annual get together of all players in metals, finance, producers, buyers, sellers, traders, shipping etc.
whilst tin not a large metal market by tonnage, it will still get its share of interest, maybe even more than its share, since 90% of LME tin tied up by a single player as previously posted

M

[the machine]

have held off making any posts for 10 days just to guage interest in this thread and whilst it has a fair few hits there is next to nil posting.

thus will continue to restrict my posts.

since sept 1 kasbah has moved from 4.7 to finish today at 7 and next weeks quarterly should be VERY GOOD

IMO will still reach 10c by xmas and a lot higher 12 months from now

M

[the machine]

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01004338

good to see the expected additional strike depth confirmed by an expert [confirming work done last year]

M

[the machine]

link to boardroom radio report covering septemberr quarterly report

http://www.brr.com.au/asx/KAS/kasbah-resources-limited/

M

[COLIN]

have held off making any posts for 10 days just to guage interest in this thread and whilst it has a fair few hits there is next to nil posting.

thus will continue to restrict my posts.

since sept 1 kasbah has moved from 4.7 to finish today at 7 and next weeks quarterly should be VERY GOOD

IMO will still reach 10c by xmas and a lot higher 12 months from now

M

Has dropped below the 100 days MA - not exactly an encouraging sign.

[Sehnsucht888]

Has dropped below the 100 days MA - not exactly an encouraging sign.

But only one 1 trade of less than 100K shares wasn't it? Been glancing at this one over the last few months, and its just to illiquid for my liking... Price Spreads are often quite large too and small transactions move the price by large percentages..

[Sehnsucht888]

Busiest day today that I have seen in a while. A bit more depth there too...

[Huang Chung]

Machine....where are you?

I wonder if this afternoon's release of drilling results and recommencement of trade wrong footed a few people, who were probably not expecting to hear anything from the company until Wednesday morning ?

A few more drill holes like this one could make a huge difference to this project's value.

http://www.stocknessmonster.com/news-item?S=KAS&E=ASX&N=473171

Fired from the hip and picked up stock at 5.8c on the snap.

[the machine]

Machine....where are you?

I wonder if this afternoon's release of drilling results and recommencement of trade wrong footed a few people, who were probably not expecting to hear anything from the company until Wednesday morning ?

A few more drill holes like this one could make a huge difference to this project's value.

http://www.stocknessmonster.com/news-item?S=KAS&E=ASX&N=473171

Fired from the hip and picked up stock at 5.8c on the snap.



I'm still here but don't post as much as before - strangely the hit rate seems to have increased - is there a dribble message there for me.

yes the drill results were good and about time some really positive news - the annoucement came out 20 minutes before market closed and briefly thought of buying some more but did not. a full days tradfing tomorrow will show what mr market thinks of the announcement.

I like the news of the second rig doing the collar work - should speed things up considerably

M

[the machine]

12 months ago kasbah gave an invester update and one item made reference to the tin deposit being same type of geology development as the mother lode of the san rafael tin mine in peru - the world's richest tin mine

here is a free link to a report regarding this mine, however the emphasis for kasbah is on the geology not the grade of tin.

http://www.springerlink.com/content/h512qdxh997gdgfl/fulltext.pdf?page=1


kasbah's drill bit needs to do the talking and todays announcement shows it can do more than talk

M

[Huang Chung]

I'm still here but don't post as much as before - strangely the hit rate seems to have increased - is there a dribble message there for me.

yes the drill results were good and about time some really positive news - the annoucement came out 20 minutes before market closed and briefly thought of buying some more but did not. a full days tradfing tomorrow will show what mr market thinks of the announcement.

I like the news of the second rig doing the collar work - should speed things up considerably

M

US futures are down, so maybe tomorrow will be a fairly dull day. Likewise, I'll see how the market reacts once its had time to digest the news.

[Huang Chung]

I like the news of the second rig doing the collar work - should speed things up considerably

M

I presume the rig doing the pre-collars is an RC rig....diamond rigs are very expensive, so if you can get a cheaper rig to do the collars, and let the diamond rig do just the coring you're targeting, you'll save a bucket.

[Huang Chung]

Market didn't seem to care about the latest drill results, so I've exited the stock.

Will keep watching for further high grade Sn.

[the machine]

Market didn't seem to care about the latest drill results, so I've exited the stock.

Will keep watching for further high grade Sn.


HC, yes the price is subdued, but market is flat as well.

Do you subscribe to Kasbah announcements?

The boardroom radio report from today re last drill explains this is the best ever drill result and further drills will be targeting more of the same.

From the boardroom radio report, AD32 is underway [as expected] and I guess some news on that in 3 weeks normal time, but due to Xmas then call it 4 weeks.

Guess the sp will soften over next couple of weeks and then spike again as each drill result comes out.

A resource upgrade probably due in 1st quarter as well should take the sp to a higher level - can't say new because that would be almost 50c

m

[steve fleming]

I kind of lost interest in tin after getting caught in the Murchison/ Bluestone Tin debacle a few years back, but i saw this in the paper today:

"Finally, one of Pure Speculation's favourite metals -- tin. Wendt sees a looming supply crisis caused by falling grades at several major mines causing a massive headache for tin consumers and smelters. Kasbah Resources (KAS) will develop its Morocco deposit in 2012 with grades double those of any other deposits on the development horizon. Plus, unlike some of those others, it's not in Rwanda, Uganda, Kazakhstan or the wretched Democratic Republic of Congo."

http://www.theaustralian.com.au/business/mining-energy/stocks-to-watch-in-the-year-ahead/story-e6frg9ex-1225813991157

[the machine]

ho hum, kasbah hit 8.3 today and finished at 8 - thats up 60% since trading halt announcement re 1m @ 6% tin grade. some more of this and sp will climb.

my own conservative price/timeline for 2010 is a 1 c increase per month, starting @ 7c = 19c dec 31. thus jan 31 target of 8c blown away on first trading day for 2010.

sort of nice to be wrong with expectations

m

[Aotea]

ho hum, kasbah hit 8.3 today and finished at 8 - thats up 60% since trading halt announcement re 1m @ 6% tin grade. some more of this and sp will climb.

my own conservative price/timeline for 2010 is a 1 c increase per month, starting @ 7c = 19c dec 31. thus jan 31 target of 8c blown away on first trading day for 2010.

sort of nice to be wrong with expectations

m

2c a month...the potential on this one is huge..future price of tin is on the up which will only drive up the SP. This is set for an interesting ride!

[the machine]

here is a useful website and shows price of tin and lme stockpiles

about 10 months ago the average price was heading down about 30 degrees, almost opposite to what it is doing now

http://www.infomine.com/investment/metalschart.asp?c=tin_lme_warehouse&u=mt&submit1=Display+Chart&x=usd&r=1y#chart

see elsewhere 3 month forward price of tin is up 1.96 percent [nickel up 0.06% as well] but all other metals down.

M

[the machine]

FOR THOSE WHO HAVE NOT ALEADY SEEN THIS ANNOUNCEMENT

http://kasbahresources.com/cms/attachments/923_Exploration_Update-Achmmach_Tin_20100113.pdf

M

[Huang Chung]

Machine

Are you sure this isn't some kind of supergene enrichment, or something similar?

I'm not saying that these observations won't be repeated at depth, but my experience has been (and not with tin, I might add) that rock chip samples and trenching results are often not confirmed by drilling (i.e. the drilling results are substantially less). My most painful example of this was with PDZ, where Niton XRF and trenching results were oh so promising, but the follow-up drill holes found almost nothing underneath.

You might want to think about ringing the company to discuss whether these observations are likely to be repeated with drilling, or not.

[the machine]

Machine

Are you sure this isn't some kind of supergene enrichment, or something similar?

I'm not saying that these observations won't be repeated at depth, but my experience has been (and not with tin, I might add) that rock chip samples and trenching results are often not confirmed by drilling (i.e. the drilling results are substantially less). My most painful example of this was with PDZ, where Niton XRF and trenching results were oh so promising, but the follow-up drill holes found almost nothing underneath.

You might want to think about ringing the company to discuss whether these observations are likely to be repeated with drilling, or not.

HI HC, although the rock sample grabbed the headlines, the more important thing is the new strike zone [other rock samples have been near 40% and no headlines etc]
as regards the new strike zone, doubt if much more work on it for a couple of years, whats the point of distractions from main game.

What we want is more drill results and an up beat quarterly.
the second rig doing the prehole down to 200m and casing will speed it all up.

a resource upgrade due first half 2010

my own view is sp will appreciate 1c per month =19c end 2010.

Last trade at 8c is a lot higher when you posted selling out some for about 6.3?

sp could be 9c by end jan

M

[the machine]

quarterly is out and was expecting a lot more, but at least sp at cob today was higher than cob jan 31,

kasbah actually went up today, to the extent more than offset paper losses for all my other shares

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01032416

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01032418

m

[the machine]

just been playing chart comparisions with kas to various stocks / indices and whilst am dissappointed kas has not appreciated in last couple of weeks, at least it has held onto 75% of the gain since xmas, whereas most other stocks have dived - its rather sobering really.

m

[the machine]

boardroom radio link that covers quarterly

http://www.brr.com.au/asx/KAS/kasbah-resources-limited/

M

[the machine]

a very significant volume today with 882,333 shares traded and price up 0.002c.
this is the largest volume per day for last 3 months and might be a good time to buy more .


M

[the machine]

a member of the world bank is investing in kasbah

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01047710

sp finished at 6c yesterday and today will be?

8c would be nice

m

[elZorro]

a member of the world bank is investing in kasbah

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01047710

sp finished at 6c yesterday and today will be?

8c would be nice

m

That sounds realistic TM, surely if the new money is coming in at 7.5c (OK they have some higher priced options for later) then everyone should be adding to their holdings at about that price too. No doubt they can drill a few holes for 3.5Mill, and a revaluation of the prospect could be spectacular.

[Huang Chung]

Encouraging that the placement was made at a higher price than the current share price.

[the machine]

Encouraging that the placement was made at a higher price than the current share price.

HC, per chance did you buy some more "on the snap" @ 7.6?

7.5c may seem very cheap entry point for the new money, once more drilling reports come out - which are taking a very long time.

I was very tempted to buy some more today @ about 7.3 but resisted and shares fell away to finish @ 6.8 - I did not buy anymore as overweight anyhow.

Once SP gets to about 10c then will cash some in, so as to reweight my portfolio. PPP looks a bargain.

M

[Huang Chung]

10c?

I thought this was a 50c stock for you TM....

[the machine]

10c?

I thought this was a 50c stock for you TM....

thats 2 years away when development starts - one has to enjoy the success in meantime, even if squanders some shares cheaply [but still for a big profit]

m

[elZorro]

This SP flat-lining at the moment, are any press releases or quarterly reports due?

[the machine]

el Zorro, here is todays drill results

http://kasbahresources.com/cms/attachments/917_Exploration_Update_20100324.pdf

imo AD035 is world class - just need more of them.

as an aside, the huge storm we had here in perth on monday is heading towards nz, so best to put your sword out of harms way.
hail went straight through windsceens in cars both driving and stationery [and wrote off hundreds of brand new luxury cars on display for sale.

M

[elZorro]

el Zorro, here is todays drill results

http://kasbahresources.com/cms/attachments/917_Exploration_Update_20100324.pdf

imo AD035 is world class - just need more of them.

as an aside, the huge storm we had here in perth on monday is heading towards nz, so best to put your sword out of harms way.
hail went straight through windsceens in cars both driving and stationery [and wrote off hundreds of brand new luxury cars on display for sale.

M

Many thanks for that press release Machine, it had a brief effect on the SP, so will wait and see longer term.

The weather over here in Spain (OK, Hamilton NZ) is temperate at the moment, no hail. We did get the news about the storm, along with the footage from concerned car yards. Strange times. My taste in cars is in any case on the budget side: like my shares perhaps? so cannot come to much harm. Regards.

[the machine]

sp now back to mid 6.5.

kasbah have updated the boardroom radio report re the latest drill results - first slide is doubled up talk, but problem is gone thererafter

http://www.brr.com.au/event/65069


see tin now back over usd$8/lb


M

[elZorro]

KAS is on the go today, pretty small amount of dollars had a big effect upwards, someone's keen on getting this share noticed. If they keep on going like this, it'll reach my buy price..

[Aotea]

Gidday EZ...I see some punter on HotCopper said his broker rung him and said to buy more as the new drill results were outstanding?? Who knows, but all the peices are coming together with KAZ, and I certainly dont plan on selling mine quite yet!

[elZorro]

Gidday EZ...I see some punter on HotCopper said his broker rung him and said to buy more as the new drill results were outstanding?? Who knows, but all the peices are coming together with KAZ, and I certainly dont plan on selling mine quite yet!

Hi Aotea, been a bit busy at work to spend long enough on KAS, just sounded like an interesting share. Just about everything looked good today. Did you get any rain down there?

[the machine]

KAS is on the go today, pretty small amount of dollars had a big effect upwards, someone's keen on getting this share noticed. If they keep on going like this, it'll reach my buy price..

todays volume = approx aud$66,000 may seem small to some but to me it is a lot.

M

[Aotea]

Gidday EZ,
Yeah we have had some good rain...have been out doing some fishing over Easter. Saw a few but no strikes. I like KAS too, its starting to look like a world class resource. Could be very interesting in the future...take care

[elZorro]

KAS a bit slow today..will have to wait a bit for this one.

Aotea: managed to hook two stream trout at Taupo over Easter, only landed one, the darker of the two, but good fun.

[Aotea]

Gidday EZ..a good day though. KAS moving the right way, well up on my 5.8 buy price, GEL up nicely and ESI starting to be noticed.
I managed to get a days fishing in with the old man, no trout but a fabulous central otago day- first days fishing for the season!!
Nice work on landing one, your one up on me!!
Take care fella

[the machine]

here is a very good announcement re the northern zone, being mindful that it had basically been written off for any short term development

the composite 3-4kg sample that peaked at over 13% tin is enourmous and backed upby lots of other good samples.
[>.3% is cut off level for commercial production, so this sample is 40 times that]

its incredible that the morrocan's had decided the top 200m of the northern zone was not tin bearing and now there are 11 old cores to assay top 200m - thats like a million dollars worth of cores for free.

whilst price of 8.5c may seem a lot for some, just look at the graph going back 3 years - sure it went down quick from 46c and bounced along the bottom for a year - well that time has passed and IMO the stock is primed for a very steep price rise - back to to 30c level for starters.

when I spoke to the MD last year he was keen for the options to be excised and the first lot of options have 2.5 months to run, being argonaut options at 30c. about $1m worth.
MD wants this money!

MD has to deliver the goods though and with the world bank coming onboard, northern zone now back in play, lots more drilling results to flow through, a resource upgrade due by june 30 [18 months after last one trippled resource] then maybe the MD can deliver the goods.



http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01054102

M

[the machine]

another major investment in kasbah

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01055834

sp finished at 9c today with sellers wanting 9.5 and thats only for 100,000 shares, after that next seller at 12c and then nobody

sp set to jump even higher with some drillbit news

M

[the machine]

another major investment in kasbah

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01055834

sp finished at 9c today with sellers wanting 9.5 and thats only for 100,000 shares, after that next seller at 12c and then nobody

sp set to jump even higher with some drillbit news

M

jumped 10% today with no more news

M

[COLIN]

jumped 10% today with no more news

M

OK, Mr Perth, your dogged promotion of KAS has finally worn me down, and I have taken the plunge to buy a few, to add a bit of spice to my increasingly diversified minerals portfolio. The good buying interest and the lack of sellers should help push it along, and the exercise price of the options granted to the latest corporate investor is another encouragement.

[the machine]

OK, Mr Perth, your dogged promotion of KAS has finally worn me down, and I have taken the plunge to buy a few, to add a bit of spice to my increasingly diversified minerals portfolio. The good buying interest and the lack of sellers should help push it along, and the exercise price of the options granted to the latest corporate investor is another encouragement.

good on you colin

I have a theory that there is still another corporate play to happen because traxys are only being issued 7.5%, however company can issue up to 15% without shareholder approval.
traxys turn over usd$3b pa so an aud$1m investment is chicken feed for them and i suspect they wanted more but unable to do so.

My stockbroker told me 13 months back that companies were doing due diligence on the tin prospect [call it a project] to fund to next stage, well that did not happen as kasbah raised funds themselves [3c per share is a tidy profit so far] . Me thinks traxys were there last year and there could be another company about to agree for the other 7.5% kasbah can issue without shareholder approval.

then once these corporate plays out of the way, kasbah will issue a shareholder meeting notice to rubberstamp the IFC and ALF placement - after all the 30 days has passed last week as required by IFC.

these couple of shortcuts from kasbah website are driven by the IFC placement IFC = worldbank and looking at the IFC website shows the push is on to help develop africa including morocco

http://www.ifc.org/ifcext/spiwebsite1.nsf/2bc34f011b50ff6e85256a550073ff1c/17751f1048b29767852576e80066e9f9?opendocument

http://www.ifc.org/ifcext/spiwebsite1.nsf/2bc34f011b50ff6e85256a550073ff1c/68304349b0da5256852576e80065d0be?opendocument&Highlight=0,achmmach


finally I think that once traxys have been issued with their shares and the quarterly report is out of the way then they will buy stock on market as much cheaper than exercising the options in 2 years time at 25c


good luck with your investment


M
ps, 3years ago I spent $4,000 on PPP and swapped them for kasbah last august = that $4,000 now worth $21,000 but I expect will be $40,000 by xmas

[the machine]

Phaedrus, would you mind posting say a monthly chart for kasbah now that the project has moved up a few gears from reverse to a year in neutral and now in 1st gear

thanks

M

[Phaedrus]

http://i602.photobucket.com/albums/tt102/PhaedrusPB/KAS424.gif

KAS is in a 15 month uptrend. On the face of it, what we have here is a nice tidy linear trend channel. Look more closely, though. Within the trend channel there are 3 "short-term" uptrends of approximately equal magnitude and slope (marked by light blue lines). Look now at the On Balance Volume movement corresponding to each successive uptrend :- (1) OBV flat. (2) OBV rising a little (3) OBV rising appreciably more and now in positive territory. This shows developing strength as buying pressure on Up days has steadily become stronger than selling pressure on Down days and it augers well for the continuation of the uptrend.
This trend channel is wide enough to trade and it appears that some people are doing just that in spite of KAS being a relatively illiquid stock.

[Aotea]

Thanks Phaedrus, top notch charting once agian....from all of us who arnt chartists, cheers!

[the machine]

http://i602.photobucket.com/albums/tt102/PhaedrusPB/KAS424.gif

KAS is in a 15 month uptrend. On the face of it, what we have here is a nice tidy linear trend channel. Look more closely, though. Within the trend channel there are 3 "short-term" uptrends of approximately equal magnitude and slope (marked by light blue lines). Look now at the On Balance Volume movement corresponding to each successive uptrend :- (1) OBV flat. (2) OBV rising a little (3) OBV rising appreciably more and now in positive territory. This shows developing strength as buying pressure on Up days has steadily become stronger than selling pressure on Down days and it augers well for the continuation of the uptrend.
This trend channel is wide enough to trade and it appears that some people are doing just that in spite of KAS being a relatively illiquid stock.

thanks Phaedrus

M

[the machine]

see LME tin stocks dropped another 615t - thats over 2,000t in last 3 trading days

M

[the machine]

quarterly report
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01058104
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01059270

traxys issued new shares for $1.1m
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01059043

the LME tin stocks went up 30T yesterday to 21130t, that is after dropping by over 10% from 23790t on april 21.
remember stocks were over 28,000t back in Jan.
it is frustrating waiting for the drill assays and meanwhile there are a few cheap shares around, presenting oportunity to buy more to top up holding at a lower cost than last week when it hit 10c

M

[the machine]

after a very volitile week on asx, kasbah seemed to have avoided most of it.

I compared kas chart against asx 200 and ppp over last 12 months and its not pretty - for asx200 & ppp that is.

market is waiting for more assay results - when will they come?

with MD giving a presentation to an electrical uses conference in canada may 17-19 then a copy of the presentation has to be released to asx at the same time - will it be next friday or monday. anyway kasbah should spike a tad in the days after the conference.

M

[the machine]

after a very volitile week on asx, kasbah seemed to have avoided most of it.

I compared kas chart against asx 200 and ppp over last 12 months and its not pretty - for asx200 & ppp that is.

market is waiting for more assay results - when will they come?

with MD giving a presentation to an electrical uses conference in canada may 17-19 then a copy of the presentation has to be released to asx at the same time - will it be next friday or monday. anyway kasbah should spike a tad in the days after the conference.

M

per the quarterly report 3 holes had been completed by march 31 and another was halfway.

me thinks the results will be released in tandum with the presentation in vancouver - Kasbah presenting PM Tuesday Canadian time = AM Wednesday for us this side of the date line

thus only a few days left before market hit with what I expect is very positive news.

I see elsewhere that US military looking to simplify method to increase reserves of critical materials - they stopped selling a few years back and now only have 4,000t of tin amongst a host of other minerals. This could/should pave the way for the US to also do what china, korea and India have been doing - that is building reserves of tin etc.

time to buy more and i did last week with another 60,000

M

[the machine]

actually the drill results will come out first, inturnthe summery be included in the presentation in vancouver

tomorrow [friday]may be the last buying oportunity before announcements have a very significant impact on the sp.

if you leave it to monday to buy then very risky that drill results will be out

SP up another 0.3c today.

comparing kasbah chart against asx 200 over last 6 months is pretty impressive, likewise against ppp and nzo

M

[the machine]

the stage is set for this to be a big week for kasbah, with only thing holding them back a tad being the market at large.

finished at 9.7 on friday, but to be fair the volume was rather thin - still sellers did not weaken so thats good

drill results being announced intime to be included in the presentation in Canada = the results should come out on monday and hopefully will be very positive drill results

will sp hit 12c by end of next week?

I think so

M

[the machine]

no new info from kasbah included in the vancouver presentation ie drill results its been that long since theres been any that have almost forgotten what they look like.

meanwhile sp caught in the global rout, latest being the germans ban on naked trading - great - not.

here are a couple of links to todays announcements, firstly the placements gaining firb approval and then the vanvouver presentation [which is like watching grass growing]

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01064978


http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01065092

no wonder sp not doing what its "told" to do

M

[the machine]

kasbah website now has a boardroom radio interview about the tin conference. since only a few pages of the presentation are discussed then one will need to download the pdf link, inturn scroll to the page under discussion

the latest drill results will have to be out this week, ahead of shareholders meeting this friday, to approve the placements

m

[the machine]

I see on the hot copper site that 4 new and 4 old drill reports to be issued any day - the 4 old must be the old S holes whereby top 200m not assayed

hope this info is correct.

shareholders meeting Am friday to approve the worldbank and increased african lion fund stake, so it fits in with a drill result update.

price hit 9c today.

I know have said it before, but run the kasbah chart against other stocks, plus the asx200 and unlucky ppp, for 3 months, 6 months 12 months - its a very sobering outcome

m

[the machine]

from the vancouver tin conference
ITRI International Tin Conference round-up



Release date: 26 May 2010



Over 180 delegates participated in ITRI’s International Tin Conference held in Vancouver on 17 – 19 May, taking in a densely packed presentation programme and associated networking events.

Thirty speakers presented papers on production, consumption, investment, trade and regulations and there was a general up-beat sentiment about the current state of market fundamentals – although this was tempered by concerns about the possible negative impact of the Euro zone financial crisis.

Some key points and themes which came out were:

•China continues to provide massive support to tin and other metals markets. The wider impact of the growth in Chinese consumption on metals was a key feature of the overview of metals provided by CRU’s Phil Macoun. In tin China has rapidly transformed from large next exporter to a net importer, with supply increasingly constrained by raw materials availability, despite YTC’s new mine project and increased recycling. There are also other big emerging economies, including India, with great potential to lift their per capita usage.
•Tin consumption has bounced back in 2010. The key preliminary statistic emerging from the presentation by IPC’s Tony Hilvers is that global solder shipments in the first quarter of 2010 were over 50% higher than the very depressed first quarter of 2009. However there are some concerns about tin use: there is a strong risk of substitution in PVC stabilisers and rapidly growing regulatory pressures on many applications.
•Investment in new mine capacity is patchy. YTC, PT Timah, Minsur and Metals X all provided examples of substantial investments in future supply and some new producers (Silver Standard in Argentina, Syrymbet in Kazakhstan) could start up in the next two years. However most other projects discussed have not even reached feasibility study stage and junior mining companies clearly face considerable financing problems in the current climate. Meanwhile Najib Jaafar of MSC noted that production costs are rising and stated that SE Asian alluvial mine production could rise or fall plus or minus 20% in the next few years, depending on the market and regulatory environment.
•Artisanal mining and “conflict minerals” remain in the spotlight. UK government and World Bank representative Jon Hobbs argued that artisanal and small scale mining – which accounts for a half of current tin mine supply – should be seen as a development opportunity and a means of breaking out of the poverty cycle if properly managed. Against this there is growing pressure from NGOs and governments to restrict supply from some sources, notably parts of the DR Congo. This session of the conference provided the liveliest debate, and was followed by a very constructive workshop session involving a full set of stakeholders in the electronics/IT industry supply chain.



M

[COLIN]

TM: In case you're feeling lonely, I'm still in there with you!

[the machine]

TM: In case you're feeling lonely, I'm still in there with you!

good on you colin.

see LME tin stocks dropped again [as below]and now just over 20,000t - Kasbah MB says in the latest boardroom radio report that both the demand trend line is kicking in and the supply trend line is dropping. Thus tin is heading for reduced supply.

shareholders meeting in a couple of hours should rubber stamp the new issue and inturn extra $3m into the exploration kitty

guess the drill results will come out after the meeting - either later today or on monday


LME Tin Daily Summary 27 May 2010
USD/LB Cash 3 Mth 15 Mth 27 Mth Inventory Volume
Official $ 8.0399 8.0740 8.1420 20,190 14,520
+/- .0068 .0227 .0136 -215 -270
Unofficial $ 8.0445 8.0740
+/- .0046 .0000

LME Tin Daily Summary 27 May 2010
USD/MT Cash 3 Mth 15 Mth 27 Mth Inventory Volume
Official $ 17,725.00 17,800.00 17,950.00 20,190 14,520
+/- 15.00 50.00 30.00 -215 -270
Unofficial $ 17,735.00 17,800.00
+/- 10.00 .00

LME Tin Daily Summary 27 May 2010
USD/KG Cash 3 Mth 15 Mth 27 Mth Inventory Volume
Official $ 17.725 17.800 17.950 20,190 14,520
+/- .015 .050 .030 -215 -270
Unofficial $ 17.735 17.800
+/- .010 .000


LME Tin Short History
LME Tin Short History USD/LB
Date Cash 3 Mth 15 Mth 27 Mth Inventory Volume
26 May 10 8.0331 8.0513 8.1284 20,405 14,790
25 May 10 7.8698 7.9129 7.9878 20,485 23,130
24 May 10 8.0309 8.0513 8.1080 20,555 19,990
21 May 10 7.8267 7.8472 7.9220 21,045 19,135
20 May 10 7.7610 7.7791 7.8653 20,880 29,105

LME Tin Short History USD/MT
Date Cash 3 Mth 15 Mth 27 Mth Inventory Volume
26 May 10 17,710.00 17,750.00 17,920.00 20,405 14,790
25 May 10 17,350.00 17,445.00 17,610.00 20,485 23,130
24 May 10 17,705.00 17,750.00 17,875.00 20,555 19,990
21 May 10 17,255.00 17,300.00 17,465.00 21,045 19,135
20 May 10 17,110.00 17,150.00 17,340.00 20,880 29,105

LME Tin Short History USD/KG
Date Cash 3 Mth 15 Mth 27 Mth Inventory Volume
26 May 10 17.710 17.750 17.920 20,405 14,790
25 May 10 17.350 17.445 17.610 20,485 23,130
24 May 10 17.705 17.750 17.875 20,555 19,990
21 May 10 17.255 17.300 17.465 21,045 19,135
20 May 10 17.110 17.150 17.340 20,880 29,105






M

[the machine]

the shareholders meeting was a rubber stamp afair for the new shares at 7.5c [i was not there but sent my proxies in favour]
there were no votes against it and the interested parties abstained from resolutions that effected them - as they should

for many hours today the best bid was 7.5c, same as the new issue price,but this was on the back of NO NEW DRILLING ASSAYS FROM THE COMPANY
. see what next week brings


my own estimation is that 8-9 holes have now been completed since last drilling results issued in March - plus of course there are the top 200m of the old 11 S holes to assay

its very frustrating how the company treats the information flow.

none the less, I am a mile in front after swapping from ppp to kasbah, plus the kasbah chart is way ahead of a lot of other stocks over last 12 months - i have to keep reminding myself of that.
my average cost is 4.6c

BUT KASBAH SHOULD BE 12c now, instead of languishing with no news.

see what next week brings

M

[the machine]

LME stocks down 395t overnight to 19,955t - lowest since sept 2009. I think breaking the under 20,000t is very significant. price now over usd$8/lb M

[the machine]

4 drill results in todays release - some very significant


http://kasbahresources.com/cms/attachments/907_20100610_Exploration%20Update_final_RFS.pdf

IMO the jorc update due next quarter should absorb the share dilution per recent corporate / world bank investments

M

[the machine]

kasbah now have a boardroom radio post re latest results

M

[Aotea]

Thanks Machine....just because no-one is posting on the site, dont think we arnt listening!
All is looking good for KAS!
cheers

[COLIN]

Thanks Machine....just because no-one is posting on the site, dont think we arnt listening!
All is looking good for KAS!
cheers
And I'm still there, if anyone is feeling lonely!

[the machine]

lme stockpile now below 19,000t - down 33% since jan

june 25 18,725t
june 24 19,180t
june 23 19,215t
june 22 19,795t
june 21 20,000t
june 18 20,305t

this roughly equates to just under 4 weeks stockpile, basis world demand 5,000t per week - however of course not all tin goes through lme.

still the stockpile is well and truely on a downtrend, due to increased demand, dwindling production and the lack of new projects being developed over last few years

would be very handy if the lme stockpile drops by another 5,000t+ over next 3 months and that may very well happen

M

[the machine]

lme stockpile now under 18,000t:
july 1 17,435t
june 30 18,405t
june 29 18,600t
june 28 18,615t
june 25 18,725t

M

[the machine]

lme stockpile now under 18,000t:
july 1 17,435t
june 30 18,405t
june 29 18,600t
june 28 18,615t
june 25 18,725t

M

lme stockpile now well under 16,000t - lowest for over 12 months now and its dropping rather quickly
july 21 15,685t
july 20 15,830t
july 19 16,075t
july 16 16,035t
july 15 16,150t

here is update for northern and eastern surface area
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01080483


expect within next 7 trading days an update for the meknes zone - now 6 weeks since last drill results [when 4 cores were in the lab]

quarterly due as well
will there be a jorc upgrade - the managing director is playing hard to get as not returning my phone calls - to me implies they are playing it very close to their chests, with no leakage of info

also kasbah are presenting at the diggers and dealers conference on august 3rd, so lots of news due over next 2 weeks

on july 7 the sp was 6.5 - yesterday it hit 8.5 - maybe will test 10c if kasbah can deliver the goods per above

M

[the machine]

here is a link to the boardroom radio report re the latest report released on tuesday
http://www.brr.com.au/event/67286?popup=true

the last side has a picture of a drill core with 30% tin

today you probably heard about obama signing the new usa financial regulations - that has huge plus's for tin as it cuts out conflict metals and maybe even legit congo tin - per the ITRI article



US financial regulation bill may lead to African minerals trade embargo



Release date: 16 Jul 2010



Reuters reports that “buried inside the US financial reform bill passed on Thursday by the US Senate is a little noticed amendment aimed at regulating a market far from Wall Street - international trade in minerals from the Democratic Republic of Congo and neighbouring countries.” The amendment, starting on page 2,279 of the bill, requires companies that engage in the trade and use of “conflict minerals”, defined as coltan, cassiterite (tin ore), wolframite, gold and their derivatives, to file an annual report with the Securities and Exchange Commission to declare if they are sourcing their supply chain from the DRC, or an adjoining country.

However due diligence, audit and disclosure requirements are detailed and complex, leading to the risk that manufacturers of global electronics brands will be forced to avoid using minerals from African countries, thereby damaging their economies.

John Kanyoni, head of the North Kivu exporters association, argued that the new US regulations cut across a wide range of existing initiatives to bring transparency in the mining sector in eastern DRC. “By asking all the manufacturers to track every piece of metal in every single item they make, it is just telling them don't buy from DRC and adjoining countries - which is an embargo de facto. The consequence of the US regulations will be that thousands of Congolese will be jobless and might most probably be joining the armed groups”. He also pointed out that taxes collected on the minerals trade currently account for more than 30% of the provincial government’s budget.

The amendment to the bill, which is likely to be signed into law by President Obama in the next few days, requires disclosure of due diligence measures taken, independent audits performed, list of ‘non DRC conflict-free’ products made, conflict mineral processing facilities, the mineral country of origin and the efforts made to determine the mine of origin. Meanwhile the US State Department will be drawing up a strategy to address the link between human rights abuse and mining and producing a map of mineral rich zones under the control of armed groups.

The bill only allows for a period of up to nine months before the regulations on companies come into force and the first disclosure will be required for the first full fiscal year beginning after that. Meanwhile the State Department has six months to carry out its tasks. Stringent demands, combined with this short timescale, make an embargo on Africa more likely.


next few weeks kasbah could text 12c if they get their pr right at the diggers and dealers, more drill results etc

time to buy for some.

M

[COLIN]

Have just been reading an encouraging article on www.ft.com which states that the tin price has surged on worries about falling supplies from Indonesia which is the world's largest producer, and also because of increased demand from manufacturing and electronics following the global financial crisis. Prices rose 9.5% for the week, and the price for 3-months delivery reached $19,750 a tonne, the highest level in nearly 2 years. There is a clear global market deficit, to which "Machine's" posts have been pointing us for some time now.

Am pleased to be riding this one.

[Aotea]

Thanks Colin & Machine..I see the KAS page is a lonely place..always appreciate hearing the latest news! cheers

[the machine]

Thanks Colin & Machine..I see the KAS page is a lonely place..always appreciate hearing the latest news! cheers

I know my stockbrokers met with kasbah last week, but probably on a confidential basis, leading up to the diggers and dealers presentation on august 3.
I can't ask them what they talked about and they inturn can't tell me [until after released to market] my stockbroker being the UIPO stockbroker.

i did till my stockbroker a couple of weeks ago that they need to give kasbah some "pr advice"

if i am right, then next week will be impressive with the quarterly, more so with some meknes drilling resuls [4 cores have been in the lab for 6+ weeks]

then they need something really positive for the diggers and dealers.

M

[the machine]

quarterly report - it looks pretty good

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01083600

ps, wonder if they will catch a train to the new zone

M

[the machine]

lme tin stocks july 30 finished down 50t to 15,000t

meanwhile tin price surging to 22 month high of over us$19,400/t

m

[the machine]

here is the diggers and dealers presentation aug 3

http://www.kasbahresources.com/cms/attachments/899_Diggers%20&%20Dealers-NewWorldTin2.pdf

updated jorc resource hopefully next week

overnight the LME stocks dropped to 14.885t and price is poised to crack usd$20,000/t soon

M

[the machine]

here is the diggers and dealers presentation aug 3

http://www.kasbahresources.com/cms/attachments/899_Diggers%20&%20Dealers-NewWorldTin2.pdf

updated jorc resource hopefully next week

overnight the LME stocks dropped to 14.885t and price is poised to crack usd$20,000/t soon

M

heard that the presenation went well with a lot of interest, including press.

today the lower sellers all taken out and price finished at 0.083 on volume of 300,000

M

[the machine]

Tin – Driven by Fundamentals
by stuart on August 4, 2010

What a satisfying graph the twin tracks of tin price and inventory levels makes for a simple minded analyst.



In an ideal world, we like to see rising inventory weigh on sentiment and prices while falling inventory suggests a market in deficit and gives support to rising prices, unlike the perplexing rise in inventory and stubbornness of price that we have seen in the aluminum market. Non futures traded metals tend to react more “logically” (for which read simply) in the manner outlined above but the presence of a futures exchange opens (at least over short time periods) the opportunity for more sophisticated plays to be dealt and confusing price behavior.

Tin has supply constraints and yet along with all base metals demand has come back relatively strongly last year and this. Consequently, exchange inventories have dropped and the price has risen. Tin has the best fundamental prospects of all the base metals and will be the first to reach a new all-time price high, Stephen Briggs, metals strategist at BNP Paribas is quoted as saying in a Financial Times article.

Briggs went on to say, “World tin mine production peaked as long ago as 2005. A further decline in Indonesia, serious supply constraints elsewhere and only small sources of new supply suggest that mine output will at best be flat in 2010. It may grow by just 4% in 2011, with little further progress in 2012”. Indonesia’s problems do not appear to be getting any better in spite of significant investment in the development of offshore placer deposits, production is not markedly up.

As recently as last month, a Reuters poll of analysts averaged opinions to place tin at US$18,767 per ton this year and US$18,550 per ton in 2011. As the graph shows, excessive stock levels built up at the end of last year have already been significantly reduced and most of the analysts expect the tin market to become genuinely tight over the next 12-18 months. Unlike the wider analyst poll, Briggs more bullish position seems to be appropriate when you look at where the price has moved since the July poll. So where did he see prices late this year and next?

“We expect the tin price to move comfortably above $20,000 a ton before the end of 2010, and see an even stronger advance next year, with the metal probably topping the May 2008 record high of $25,500 sometime in the second half of 2011. Sky-high prices may eventually be needed in order to ration demand.”

Still got a forward position to cover? Anywhere south of $20,000 per ton may prove a decent price by the first quarter of next year if Mr Briggs is correct.

–Stuart Burns

[Huang Chung]

That tin price is looking good, Machine....

[the machine]

That tin price is looking good, Machine....

hey HC, long time no hear - yes tin price is soaring - up quite a lot overnight as well.

so tin is doing it's bit - now kasbah need to deliver the loan awaited updated jorc, more drill results and game plan going forward

sp looking good as well - finished at 8.5c yesterday on decent volume - next week should go through 9c

have you listened to the boardroom radio report re the diggers and dealers presentation? - its good

M

[the machine]

sp finished at 9.8c on very significant volume - set to surge throuht 10c once the jorc comes out

M

[COLIN]

sp finished at 9.8c on very significant volume - set to surge throuht 10c once the jorc comes out

M
Yes, relative buying strength would seem to point that way.

[the machine]

am toying with the idea to sell some kasbah if price really takes off and buy some nzo, given the exchange rate between nz / aud at present
that would still leave me with a significant position in kasbah to enjoy the ride with.

that would have to happen before the 25th when nzo annual result comes out, so have a couple of weeks to think about it.

kasbah would have to be over 12c though

M

[the machine]

looks like tin price jumped 3% overnight and the lme stockpile dropped back down to 14,895t

i do like looking at the 3 year asx chart and wonder if the reverse of that large steep downtrend in the sp is now well underway

M

[COLIN]

am toying with the idea to sell some kasbah if price really takes off and buy some nzo, given the exchange rate between nz / aud at present
that would still leave me with a significant position in kasbah to enjoy the ride with.

that would have to happen before the 25th when nzo annual result comes out, so have a couple of weeks to think about it.

kasbah would have to be over 12c though

M

Why NZO? From an FA point of view it might seem to have a lot going for it, but the charts are quite the opposite.

[the machine]

Why NZO? From an FA point of view it might seem to have a lot going for it, but the charts are quite the opposite.

long term secure income stream in an stock i know pretty well

nzo are oversold

have put up 270,000 kasbah at 14c

M

[the machine]

lme tin stock dropped 605t overnight to be 14,385t - tin price dropped a bit as well, along with metals generally.

indonesian output is down 20%

now we have to wait for kasbah to release the jorc upgrade for the meknes zone and hopefully increase jorc inferred status for the entire permit which would include the 3 new surface areas

M

[COLIN]

have put up 270,000 kasbah at 14c

M

You could well be taken out at that level, next week!

[the machine]

You could well be taken out at that level, next week!

hey colin, hope you bought heaps of kasbah when they were cheap!!

look at the 3 year chart - what goes down goes up

20c next week and i would not be surprised.

M

[COLIN]

hey colin, hope you bought heaps of kasbah when they were cheap!!




I don't hold quite as many as you, Mac. More would be better but I am content with what I have.

[the machine]

kasbah have now issued a boardroom radio report covering the updated jorc that came out on monday - now 2.2mt indicated status and 4.8mt inferred - 54,000t tin.
The areas that are excluded from the jorc are very substantial so there is a huge upside still to come.

To me the MD came across a tad "coy" in the boardroom radio - maybe he had to contrain himself.

Anyway sp hit 13c yesterday [18th] and is surging - compare kasbah to asx200 over 3 years makes a good look.

Plenty of upside still with this hare over next 12 months.

M

[gazprom1]

have put up 270,000 kasbah at 14c

M,

Congrats on your KAS. Been following your posts for ages and always smile to myself that very few are/seem interested but you have kept on posting. Do you still have some for sale at 14 cents? If we get a good lead from overseas markets, Monday could be your day....could go further???!!!

Good luck!

gaz

Discl: Do not hold

[the machine]

[QUOTE=gazprom1;316295]have put up 270,000 kasbah at 14c

M,

Congrats on your KAS. Been following your posts for ages and always smile to myself that very few are/seem interested but you have kept on posting. Do you still have some for sale at 14 cents? If we get a good lead from overseas markets, Monday could be your day....could go further???!!!

Good luck!

gaz


gazprom1, another new poster for kasbah -well done for taking the plunge.

I took my 270,000 @14 off the market - why sell for 14c when can probably sell for 20c.

asx went down today and kasbah went up 10%


its time you bought some - imagine if 50c by this time next year and $1.00 in 2012

their project is all coming together and the value of the project is set to be unleashed over next 12 months.

the world bank owns 13% of the company!!


if you are not willing to take the plunge and buy some then so be it, but suggest write yourself a dairy note of todays closing price of 13.5c and then every month kick yourself

sure right now i am sitting on a huge profit with average buy under 5c, but there is still a huge upside in next 12 months.

ask yourself the question

can asx200 double in value in next 12 months - no
can kasbah - yes.

then look at the asx charts over last couple of years - kasbah have already outperformed asx200 for last 3 years and the kasbah chart shows what goes down can go back up

M

[the machine]

an interesting article on the tin market from the kasbah website

http://www.marketoracle.co.uk/Article22015.html

M

[STRAT]

Machine. You are well.... a machine. Youve been posting on this one for two years. Often to yourself it would have seemed.

This chart of yours looks better than most and then some Im very pleased to say.

[Phaedrus]

Here is an update (in blue) of the comments posted with the chart on page 13 of this thread. How little has changed!

KAS is in a (15) 19 month uptrend. On the face of it, what we have here is a nice tidy linear trend channel. Look more closely, though. Within the trend channel there are (3) 4 "short-term" uptrends of approximately equal magnitude and slope (marked by light blue lines). Look now at the On Balance Volume movement corresponding to each successive uptrend :- (1) OBV flat. (2) OBV rising a little (3) OBV rising appreciably more and now in positive territory. (4) OBV rising even faster. This shows developing strength as buying pressure on Up days has steadily become stronger than selling pressure on Down days and it augers very well for the continuation of the uptrend.
This trend channel is wide enough to trade and it appears that some people are doing just that in spite of KAS being a relatively illiquid stock.
The Machine was onto this stock quite early in the piece and richly deserves his subsequent gains. He was very well informed and assiduous in monitoring this stock in every way and at every level. Except one. The use of some basic TA would have helped him time his entries. We know where he was "topping up" so he must have been already holding KAS at that point. The odds are that he first bought KAS when it was in a downtrend, didn't use any form of stoploss, continued to hold it as it fell and bought more as the downtrend continued. Technically, this breaks 3 important rules.
(1) Don't buy falling stocks (there is no hurry - wait for it to stop falling)
(2) Don't hold falling stocks (use a stoploss or other exit strategy)
(3) Don't add to losing investments (don't average down)

I hope The Machine has done well out of KAS, but I'll bet that he would be doing even better had he supplemented his excellent stock selection skills with some basic technical analysis.

None of the above comments should be construed in any way to be criticism of The Machine. We can all learn a lot from his approach.

http://i602.photobucket.com/albums/tt102/PhaedrusPB/KAS825.gif

[Aotea]

Too true Phaedrus...The Machine is a machine...he bought in even lower than my buy-in at 5.5 which I jumped in on based on his enthusiasm!

cheers fella. your a machine!

[the machine]

http://i602.photobucket.com/albums/tt102/PhaedrusPB/KAS825.gif[/QUOTE]


Phaedrus, thanks for the update.

Before I started the thread I owned 20,000 in the IPO @ 25c and another 14,000 at 7c - my real buying began in march 2009 as shown in the spike on your chart [actually got 2,000 @ 4c] but mostly @ 5.5 - may 2009 I was part of the spike after a director bought.

sold ppp and bought kas.
the 20,000 IPO I had to sell for the tax loss, to help reduce ppp tax hit
I notice your chart does not include ASX200 as a comparision - that makes a sobering look.
Also your chart only goes up to 40C on RHS - daresay this will need to be updated next year.

Tin is already in a major supply shock and no new production for at least 1-2 years - the price is going through the roof.
There is stuff all new exploration as well so lead time from now for new exploration is 5 years before production.
there is plenty of upside for a good profit in this stock, even if buy at recent high of 13.5c - noting where before you could grab 100,000 for $6000 $8000 etc, then that will only get you 50,000 nowdays.

[the machine]

Too true Phaedrus...The Machine is a machine...he bought in even lower than my buy-in at 5.5 which I jumped in on based on his enthusiasm!

cheers fella. your a machine!
Aotea, 5.5 is a damn good buy - when was that?

fyg my big buys in march 2009 wereat 5.5 and I had to fight like heck to get them as someone else was sniffing around.
The seller then was a founder who got their shares for free [said seller also was the spike in dec 2009, the day before that 6% drill result]


people need to subscribe to the kasbah website as lots of info coming through now

http://www.kasbahresources.com/cms/attachments/897_NorthernZoneExtends.pdf

this was todays announcement which is very significant - but what most people will not know is that the high soil sample reading on western boundry about 500m south of the meknes mineralised zone is the first exploration I have seen re a 2nd and larger mineralised zone which is detailed in various kasbah announcements.
meknes was the easy find as a step out from early exploration [the old "S" holes with first hole finding gold]

anyway kasbah are now emailing news articles about the state of the tin market and one has to subsribe to get them.

M

[Aotea]

Hi MAchine..

I picked up mine at 5.5 on 20 Aug 2009.
Am feeling pretty happy about that buy too...i think bought TEX and URA around the same time which have been a kick in the guts.

[the machine]

Hi MAchine..

I picked up mine at 5.5 on 20 Aug 2009.
Am feeling pretty happy about that buy too...i think bought TEX and URA around the same time which have been a kick in the guts.

That was a good pick up Aotea.

now we just have to wait for more good news and a rising sp

M