Australia's largest stock trading and investment forum Australia's #1 stock forum

DNK danakali limited

0.00%

31.7¢

Ann: Quarterly Activities Report and Appendix 5B, page-7

First 7 Last

Share
Profile

Follow
cr7

801 Posts.

7

23/08/24

23:21

Post #: 75351641
Share

Originally posted by Cornflakerus: ↑

The cash on hand in the company gets distributed fully back to shareholders after all outstanding expenses are paid. Then the company winds up and shares are cancelled. They benefit is, shareholders maximise the full value of the cash backing. If they relist on the ASX they will be required to provide a 2-3 year budget against future exploration and development that they have disclosed as being a minimum of $16m, which means DNK will be valued at cash backing less budget allocation which could be at a 50% discount to current cash backing. Then if the projects are risky the market will most likely discount the shares further. A shareholder will be better off taking the cash now and investing it in a fully franked dividend paying company, like a bank or a diversified industrial.

Expand

How much % control do the board have? And any idea who the major SH's are who allow these directors to continue this gravy train?

DNK Price at posting: 31.7¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASE

Astute delivers high-grade lithium hits at Red Mountain

Most investors will get this earnings season wrong. Will you?

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Quarterly Activities Report and Appendix 5B, page-7

Top Stories

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Astute delivers high-grade lithium hits at Red Mountain

Most investors will get this earnings season wrong. Will you?

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Featured News