DURING tough times like these, it is normal for exploration companies to examine their budgets and if necessary cut back on any non-essential spending in order to stay afloat.
Drilling, staffing levels and even board fees have been slashed at many explorers since the onset of the global financial crisis. But Mawson West, which owns the Kapulo copper project in Zambia and the Democratic Republic of Congo, has taken a more novel approach to preserving value for shareholders.
The company last week revealed plans to delist from the Australian Securities Exchange. That would save it from paying listing fees, and as an unlisted public company it could float again - hopefully at a higher share price - when times are better.
https://www.smh.com.au/business/delisting-no-easy-call-in-tough-times-20090412-a3z0.html