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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Danakali Limited | DNK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 20.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 20.00 | 20.00 |
| Top Posts |
|---|
Posted at 14/3/2021 20:21 by outlawinvestor I wonder whether AFC will go ahead with tranche 2 if the share price on ASX settles above A$0.60 which was the target tranche 2 issue price. Notably the share price has not traded above A$0.60 since 10-Feb-2020. The Chairman's letter of Dec-20 suggested that AFC (and/or other prospective investors) were unwilling to proceed at the prevailing low share prices. |
Posted at 28/2/2021 18:11 by james_pm Removal of CEO Niels Wage - Positive Development"Appointment of Executive Chairman and restructure of Board and Executive Danakali Limited (ASX: DNK) (Danakali, or the Company) announces the following management changes: • Current Non-Executive Chairman, Mr Seamus Cornelius, has been re-appointed as Executive Chairman • The role of current Chief Executive Officer (CEO), Mr Niels Wage has been made redundant as part of a reallocation of responsibilities • Basic board fee to be reduced by 33% immediately for all board members and board size to be reduced at AGM in Q2 2021" In my opinion, the removal of the CEO NW as incredibly positive development, and I understand that this has in part been driven by new activist shareholders who took out a large block of shares the seller who has been depressing the stock price for the best part of a year. I understand that the new shareholder group are very keen to drive forward the world class Colluli Sulphate of Potash deposit in Eritrea to be developed into a mine. Here is a discussion on the Australian site Hot Copper which gives some context or explanation. hxxps://hotcopper.co |
Posted at 26/2/2021 08:56 by outlawinvestor Seems to be closing the ASX gap - still 3p to go on the bid to match current 55c ASX bid.Shame that NW had to walk the plank. Clearly DNK has been placed on a diet with the 33% director fee cut and plans to trim down the board. Initially I wondered if it was a sign that they are still struggling with funding... Now I wonder if the decision is prerequisite to progressing talks with interested parties? |
Posted at 08/8/2019 10:52 by ukgeorge Danakali (DNK AU) A$0.74/s, Mkt cap A$194m – Credit approval for $200m of senior dent finance• Danakali report the approval of $200m of senior debt finance from the Africa Finance Corporation (AFC) and African Export Import Bank (Afreximbank). • The Mandated Lead Arrangers now have formal credit approval to provide US$200m of senior debt finance for the Colluli project in Eritrea. • The deal includes formal approval of export credit support from the Export Credit Insurance Corporation of South Africa SOC Limited (ECIC) which is the first time ECIC has provided export credit support to a non-South African bank. • This is described as a ground-breaking project financing for Danakali, CMSC and Eritrea and is a further step forward for the project. • Danakali capex for the first stage is US$322m plus a further US$202m in year six when the mine ramps up production to 944,000tpa of SOP from 472,000tpa |
Posted at 24/7/2018 07:22 by mirabeau Danakali Limited (ASX: DNK / LSE: DNK) (Danakali) is pleased to announce, following the publication of its Prospectus on 18 July 2018, that the Company's 264,167,463 Ordinary Shares have been admitted to the Standard Segment of the Official List of the Financial Conduct Authority (Admission) and to trading on the London Stock Exchange's Main Market at 8.00am BST today under the ticker "DNK".Danakali Executive Chairman, Mr. Seamus Cornelius, said: "We are delighted to deliver on another of our strategic goals for 2018. The LSE listing should increase our profile, liquidity and breadth of potential investors. It is a key milestone as we move towards construction and production at the Colluli Potash Project." An analyst presentation will be held at 12.00pm BST today at the offices of Instinctif Partners, 65 Gresham Street, London, EC2V 7NQ. To attend please email danakali@instinctif. A copy of the presentation is available on the Company's website at |
Posted at 19/2/2008 15:56 by dell314 Chancer - Do you actually have any idea what the latest RNS actually means?Allow me to help: The "6.5% senior convertible participating shares of $1.00" happen to be $1000 debt instruments, so the issue of 5,900 new participating shares increase DNK's debt mountain by another $5.9mln. Great news, eh?? Rgds dell All IMHO, DYOR etc. "Danka Business Systems PLC announced that it has today issued an aggregate of 5,900 new 6.5% senior convertible participating shares of $1.00 each to the existing participating shareholders of the Company in satisfaction of the payment-in-kind dividend due on Danka's participating shares for the period ended 14 February 2008". |
Posted at 15/2/2008 12:10 by alibongo6l2 "you won't see me mentioning DNK anywhere""You mentioned DNK today on the Lennox thread." well done mudbath for exposing her as a liar..... . youre not the only one who has shown her to be one big liar !! |
Posted at 13/2/2008 10:02 by lukic If you had any credibility then suggesting that one person posting on BB's can affect the sp, blows it out of the water. we all have brains, and can read, and dont need "superheroes" fighting our cause. If you are shorting DNK then fine, just admit it. If you have no interest in DNK only to protect us from Chancer, then p*ss off!!! |
Posted at 22/1/2008 09:11 by lowtrawler Let's see - $400m+ of net debt accumulating interest and fees at around 14%. That means they need to make an operating profit of $56m just to pay the interest. There is zero prospect of this happening ergo they are unable to service their debt and, by definition, insolvent.The debt holders have the most to lose ($400m) and so will be most keen to see DNK return the greatest value it can. This will not be achieved by trading out of trouble. Each day they trade, the debt grows. The only sensible conclusion is that either: 1. DNK will be sold (in parts or in whole) with the proceeds all going to the debt holders. 2. A D4E will take place with current shareholders being effectively wiped out. Both these options are made easier by delisting from NASDAQ. In view of the growing debt position, one of these options will happen in 2008. DNK shares are currently not worth the paper they are written on. Get out and take whatever price you can. |
Posted at 14/12/2007 11:37 by jun2008 And about the de-listing and the share price of DNK, when the first news of the de-listing out on 03/09/07, the share price was 10.25 which chancer said share price dropped from here if i am correct. on 06/11/07, another bad news of interim results was out, the share price was 6.55p. The interim results showed that the revenues fell 8.5 pct but "the company maintained positive operating earnings. We also began to derive the expected benefits from the recently completed financial restructuring and related cost-reduction measures." on 19/11/07, a good news was out that dnk signed an agreement with Konica Minolta Business Solutions. the share price was 7.10p. on 28/11/07, the delisting has confirmed by dnk and i think it will be effective next mondy. the share price was 4.95 on this date and kept dropping from here to 2.50p which is the lowest point in a whole year. Taday, the share price so far is 3.90p. well, I hope you can decide if you should buy or sell (if holding) by this clues. |
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