Here's what the mugs at NGE...

Here's what the mugs at NGE think.

https://ngecapital.com.au/download/investment-nta-update-november-2022/

"Danakali expects to receive ~US$121m of net proceeds after tax
(~A$178m at month-end AUD:USD FX rate of 0.679). Combined
with the company’s existing cash balance as at 30 September,
Danakali will end up with ~A$195m of pro forma cash or ~A$0.53
per share.
Management intends to return ~90%+ of the sale proceeds to
shareholders via an equal pro rata off-market buyback, and has
stated that at the current USD exchange rate ~A$170m or ~$0.46
per share would be returned. The company will retain ~A$25m
(~A$0.07 per share) to look for a new potash project in a more
stable jurisdiction."

This was in a Nov update.

Interesting that NGE bought 11Mil shares on the same day at the suspension. Good guess? :/