BUZZ-Australia's Kasbah Resources plummets to 1-month low on takeover bid

Thu Aug 11, 2016 1:24am EDT
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** Diversified miner Kasbah Resources Ltd plummets as much as 44.44 pct to A$0.035, lowest since July 12

** Mineral property developer Asian Mineral Resources offers to acquire Kasbah Resources at A$0.038 per share, a discount of nearly 40 pct to its closing price on July 19, when it was last traded

** Stock up 152 pct this year as of last close

($1 = 1.2994 Australian dollars)