Danakali Share Price (DNK)

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Share Name Share Symbol Market Type Share ISIN Share Description
Danakali Limited LSE:DNK London Ordinary Share AU000000DNK9 ORDS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -1.50 -5.88% 24.00 0.00 15:12:34
Bid Price Offer Price High Price Low Price Open Price
23.00 25.00 25.50 24.00 25.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.14 -5.45 -2.09 88
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 24.00 GBX
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Danakali (DNK) Latest News (2)

Danakali News

Date Time Source Headline
29/7/202107:00UKREGDanakali Limited Quarterly Activities Report and Appendix 5B
05/7/202107:00UKREGDanakali Limited Company Presentation and Video
01/7/202111:06UKREGDanakali Limited Notice of AGM
01/7/202107:00UKREGDanakali Limited Total Voting Rights
30/6/202119:14ALNCTRADING UPDATES: Topps Tiles improves as curbs ease; Bermele makes buy
25/6/202109:31UKREGDanakali Limited Notification of PDMR transaction
25/6/202107:26UKREGDanakali Limited Proposed issue of unlisted options
17/6/202107:00UKREGDanakali Limited Colluli Project Update
11/6/202107:17UKREGDanakali Limited Report on Payments to Governments
01/6/202107:00UKREGDanakali Limited Total Voting Rights and Capital
More Danakali News
Danakali Investors    Danakali Takeover Rumours

Danakali (DNK) Discussions and Chat

Danakali Forums and Chat

Date Time Title Posts
30/6/202107:15Danakali Limited (ASX: DNK / LSE: DNK)46
15/12/200913:44Danka I Thank Ya!2,292
28/6/200715:10We Should Break 40P242
08/7/200518:40Ј1 is THE REAL TEST12,073
23/3/200518:22Christmas comes early, TRIPLE your money26

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Danakali (DNK) Top Chat Posts

DateSubject
29/7/2021
09:20		Danakali Daily Update: Danakali Limited is listed in the Mining sector of the London Stock Exchange with ticker DNK. The last closing price for Danakali was 25.50p.
Danakali Limited has a 4 week average price of 24p and a 12 week average price of 24p.
The 1 year high share price is 31.50p while the 1 year low share price is currently 19.50p.
There are currently 367,254,346 shares in issue and the average daily traded volume is 11,203 shares. The market capitalisation of Danakali Limited is £88,141,043.04.
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14/3/2021
20:21		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. https://www.investegate.co.uk/danakali-limited--dnk-/rns/first-tranche-of-afc-s-strategic-equity-investment/201912100700132792W/ https://www.investegate.co.uk/danakali-limited--dnk-/rns/chairman-s-letter/202012040700015758H/
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28/2/2021
18:11		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.com.au/threads/ann-appointment-of-executive-chairman-restructure-of-executive.5931122/?post_id=51388336
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26/2/2021
08:56		outlawinvestor: Seems to be closing the ASX gap - still 3p to go on the bid to match current 55c ASX bid. https://www.londonstockexchange.com/news-article/DNK/appointment-of-executive-chairman-and-restructure/14879674 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?
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23/2/2021
16:35		gary1966: Potentially a persistent large seller has been cleared now. Block trade of 7.5m shares may well of cleared the seller out. Company knows of no other reason for the share price movement on the ASX.
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19/12/2019
10:16		shieldbug: With the first tranche of AFC shares, the market cap is £103m at 32.5p/share Danakali's 50% share of Module 1 NPV after financing - US$242m (10% discount rate) Module 1 payback 3.25 years Danakali's 50% share of Modules 1 & 2 NPV after financing - US$439m (10% discount rate) Looks like they need to find another US$50m to fund Module 1.
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08/8/2019
10:52		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
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24/7/2018
07:22		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.com or call +44 (0)207 457 2020. A copy of the presentation is available on the Company's website at HTTP://www.danakali.com.au/investor-relations/corporate-presentations.
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09/4/2008
07:24		dell314: zagrem - Have you read this RNS?? http://www.investegate.co.uk/Article.aspx?id=200804090701159369R Maybe you didn't read as far as the bit about voluntary liquidation where it is stated, "...In addition, the Board of Danka proposes placing the Company into members voluntary liquidation (the 'Liquidation') upon Completion, in which event the listing of the Company's ordinary shares on the Official List of the London Stock Exchange (the 'Official List') will be cancelled". It appears that shareholders will, however, get a minimal payout(less than prevailing share price though): "...the Board is seeking to implement arrangements which would result in the holders of the company's ordinary shares receiving the cash sum of U.S. $0.025 per ordinary share in the Liquidation...". I'm surprised that shareholders will get anything, as senior debt holders are taking a significant haircut but I suppose it makes it easier if shareholders are given a token amount to help them decide to vote through the proposals.. Rgds dell All IMHO, DYOR etc. P.S. Another Chancer6 disaster(or at least for those that didn't slyly dump like he did...)
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05/2/2008
17:45		chancer6: Only one who called it right at 3p to buy in December and the price went to 5.50p on the announcement of the results. Again in hindsight could have sold at 5.25p and bought back in at 4p but I've revised my target to 10p from 7-8p. Results were better than I expected and the research done showed clearly the positive outlook. Filtered Derampers out in force today with one liners on the debt which is the same when the price was at 25p. Scared a few to sell and then again they did at 2p as well. As iterated numerous times the size of sells have always been smaller and buyers like the 222,222 buy at 4.50p on Friday are holding strong. Q4 Results will be even better as the Konica Agreement starts to take effect on Danka's earnings. I expect some director buying now to prop up the share price and more agreements can't be rule out! Level 2 closed with the bid price well supported and just one MM on 4.20p, then one on 4.30p and then one on 4.40p and WINS on 5.00p. The uptrend should start to take form sooner rather than later and already seen how quickly the price can rise. Few quick buck sellers on the OTC Exchange and again the size of sells there are minscule! "Third quarter results again reflect some of the structural changes occurring in the marketplace. For example, we continue to see conversions from analog to digital that, at least initially, serve to reign in service revenue. However, we posted solid gains in hardware sales, and are beginning to realize the full benefits of our financial restructuring and related cost-reduction measures, said A.D. Frazier, Danka's Chairman and Chief Executive Officer. "We have also achieved significant organizational enhancements as a result of realigning our business into one unified organization in late 2007. Our focus on training and customer satisfaction strategies continues unabated. Vendors, in particular, have been strong supporters of this effort. Additionally, our recently announced strategic relationship with Konica Minolta is progressing favorably," concluded Frazier. Dell314 running around claiming the AFX summary is false is extreme deramping!
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22/1/2008
09:11		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.
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