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
  0.50 2.56% 20.00 10,000 09:41:40
Bid Price Offer Price High Price Low Price Open Price
18.00 22.00 20.00 19.50 20.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.14 -5.45 -2.09 64
Last Trade Time Trade Type Trade Size Trade Price Currency
14:52:30 O 10,000 20.90 GBX

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Date Time Title Posts
09/1/202111:55Danakali Limited (ASX: DNK / LSE: DNK)39
15/12/200913:44Danka I Thank Ya!2,292
28/6/200714:10We Should Break 40P242
08/7/200517:40Ј1 is THE REAL TEST12,073
23/3/200518:22Christmas comes early, TRIPLE your money26

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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 19.50p.
Danakali Limited has a 4 week average price of 19.50p and a 12 week average price of 19.50p.
The 1 year high share price is 34.25p while the 1 year low share price is currently 17.50p.
There are currently 318,741,306 shares in issue and the average daily traded volume is 11,875 shares. The market capitalisation of Danakali Limited is £63,748,261.20.
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.
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
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 or call +44 (0)207 457 2020. A copy of the presentation is available on the Company's website at HTTP://
johnymac: The liquidation did not work. Frazier was not able to con the small investors out of their hard earned dough yet. Wonder what his next plot will be. Hopefully DCML LLC will remove him and his band of self interested directors at the AGM in August and we can then get an equal share of the proceeds of the Danka sale.
dell314: zagrem - Have you read this RNS?? 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...)
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!
geng: vfleetsons - perhaps you should have waited till tomorrow ? Already bid is back up at 4p Long term debt isn't due untill 2010. The debt was the same as the current level when the share price was 25p so the debt is a bit of a Red herring in the short term anyway. There may well be a D4E or issue of some sort but I think that is factored into the current price. I'm afraid to say it but I do agree with Chancer the fall from around 10p was well overdone and could easily go back there and higher with any sort of increase in revenue or positive earnings. Besides AD Frazier was put in by Cypress (the prefered share holders). If they wanted to run Danka a D4E would have gone through ages ago. My view is they want it to work so they can sell it or get the conversion at - I think $12 (probably un realistic - that would be £1.53 per share !!) Either way I think they are going to have to take a hair cut on their debt an dthis is where I think the gamble becomes more viable. Wait and see !
chancer6: British Bulls: After Close Tonight...first BUY signal from them since the 10p levels. BUY CONFIRMED 3.0300 +0.5800 +23.67% DNK Danka Business Systems PLC Daily Commentary Our system posted a BUY CONFIRMED today. The previous SELL recommendation was made on 17.12.2007 (43) days ago, when the stock price was 3.9000. Since then DNK has fallen -22.31% .
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.
chancer6: British Bulls: After Close Tonight. BUY-IF 2.4000 -0.0300 -1.23% DNK Danka Business Systems PLC Daily Commentary Our system posted a BUY-IF today. The previous SELL recommendation was made on 17.12.2007 (31) days ago, when the stock price was 3.9000. Since then DNK has fallen -38.46% . A bullish pattern has developed and a BUY-IF alert is issued today. The last two candlesticks formed a Bullish (Doji) Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
Danakali share price data is direct from the London Stock Exchange
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