https://www.miningweekly.com

Kimberley to delist from the ASX

15th November 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Diamond miner Kimberley Diamonds has applied to have its shares removed from the ASX, with the company saying that its shares were trading at prices "materially lower" than the underlying value of its assets.

Kimberley on Tuesday also cited the low liquidity of the company’s shares, a lack of interest in its shares on the Australian market, and the significant cost savings to be achieved by delisting, as reasons for the removal.

The company’s directors also believed that further fundraising was more likely to be successful if the company delisted.

Kimberley will seek shareholder approval for the proposed delisting.

The company’s main asset is the Lerala diamond mine, in Botswana, where in-pit mining was temporarily suspended in October, to allow the company to process and reduce stockpiles.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Tradestream
Tradestream

We partner growth of our select clients through our comprehensive and competitive integrated international logistics, trade finance and information...

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.063s - 111pq - 2rq
Subscribe Now