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8.8¢ danakali limited

Ann: Term Sheet Executed in Asmara for Sale of Colluli Interest, page-3

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rajotel

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03/10/22

10:02

Post #: 63994946
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Originally posted by Garant: ↑

It'll be in a few minutes and I'm curious to see how high the offer / term sheet will be. Also recall that in 2019 Danakali received the proceeds of the first tranche of its US$50 million strategic equity investment from Africa Finance Corporation and the price of the AFC was A$0.60 at the time. It's hard for me to imagine that the AFC, which has to agree to a "deal", would accept a loss here. Of course, it depends on the details and content of the offer, but it is entirely possible that the offer could be at this price level. It also cannot be ruled out that there could be a bidding competition following this offer.

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DNK Price at posting: 26.0¢ Sentiment: Hold Disclosure: Not Held
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