Danakali - Coronavirus, page-10

I just think that AFC & Afreximbank are ultimately banks looking for a return.
And they are in the area and comfortable with Eritrea.
And they reviewed/due diligence Colluli for over 12 months before investing.
And that if they can get an 8% or 10% interest rate return for debt (in a negative interest rate environment) they will probably put it in.
And DNK would gladly accept it given the current share price and the current $aud which just hit 61.3c.

Note though: The deal DNK have with Eritrea is from memory capped at 70%/30% debt to equity ratio.
Or maybe it is 80%/20% I'm not sure.
But regardless, management who appear to be doing nothing ( I agree) will be pushing for this to happen.

Also, since UN sanctions have been lifted, I hear from my Eritrean friends that the power solution (which I think was US$42 mill estimate) is going to be reduced quite considerably.
Not that anyone will give a sh.. about that but it's kind of good news if it happens.

Stock price is killing me but we must stay positive.