Showing posts with label Kasbah Resources (KAS). Show all posts
Showing posts with label Kasbah Resources (KAS). Show all posts

Friday, September 24, 2010

Kasbah Resources (KAS), no news, no speeding ticket...

Today Kasbah Resources (KAS) shares have raced away 60% ($0.085) to $0.225 on volume of 9.2 million.  The company has not issued an announcement nor has the ASX issued a price query to the company.  So why the surge? Tin prices have been strong recently and the Eureka Report covered the stock a bit over a week ago.  But the main reason?  Apparently the company was also covered by the Diggers & Drillers monthly publication overnight with a strong recommendation.  The copyrighted publication was posted on stock chat forum 'Hotcopper' by a member only for the moderators to pull it down.

Hartleys also issued a research report on the company with a speculative buy recommendation.