Ann: Hartleys Updates Research Report on Danakali-DNK.AX, page-3

So they predict 340m new shares to be issued for 70/30 debt ratio? Sorry but my bet is that we'll need to settle for 60/40 in this market. And with 200m shares on the register, that's more than double.

Whichever way you cut it, SH face a >50% dilution if they won't/can't participate in the CR.

I just want Paul to call the TH and announce the bloody CR already. He risks the SP falling and affecting the issue price if he leaves it too long.