Ann: Proposed issue of Securities - DNK, page-5

How can the Danakali Board justify issuing performance options to the staff and themselves - unless they are under-performace options?
This company has been poorly managed over the last 4 years. The share price has halved. The power plant contract has unraveled because of delay. Eurochem will have the option to withdraw from the project because it won't be producing within the contract time line - so that is of little value and can also unravel because they have not been able to extend the date of production in the contract.
They have struggled to impress investors despite a world class potash deposit in an area where peace has broken out. The podcast interview with the CEO was uninspiring rehash of stale information.
I doubt if much is happening behind the scene because there is no need to be secretive about residual fundraising and sale of ancillary products.
Perhaps the next announcement will be new gender and equity policies - they must be doing something to justify these undeserved share option bonuses.