DNK 0.00% 31.7¢ danakali limited

Ann: A$20.3M Placement to Advance Colluli, page-8

  1. 582 Posts.
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    they haven't confirmed since it's precedent on equity being raised for the remaining component, which failed earlier this year, and which this raise doesn't cover. AFC also pulled out of the equity, so it's not giving me too much confidence they will hold their bargain

    Equity conditions announced

    https://hotcopper.com.au/data/attachments/3134/3134031-c5963bbc6faae941325d5b4256171c41.jpg
    Debt Conditions announced.
    https://hotcopper.com.au/data/attachments/3134/3134006-874221198e6370db25edf2bc3f9dc048.jpg

    I want this dog to go up as much as you, but the halfway raise is perplexing, why not just raise the full amount if you're confident this debt will come through? Since you seem to claim you're a major holder, when's the second raising then?
 
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