Danakali - Coronavirus, page-30

1/
Not sure if/when DNK will have to make an announcement regarding the development of the project?

Maaaayybe things are progressing at ground level ... but probably not.
International flights out of Oz are very restricted.
And I imagine that the DNK team fly through Dubai to get to Eritrea and Dubai/UAE is in full lock down.

So, there will be delays, hopefully only 2 or 3 months.

2/
Regarding the financing, I just can't imagine that AFC will throw in the extra US$28.5m at 60c when the stock is 30c.
Even though there is a contract for them to do so.
So I would imagine there are talks going on regarding this.
We wait for an update.

But, my only hope/dream is that ... when this deal was announced, it meant that AFC had to get F.I.R.B approval to go over 19.99%.
Which they got, given the asset was of no national importance to Australia.

It appears that someone is buying on market.
I can only hope that AFC is buying at 30c, instead of 60c, and can freely go over 19.99% because they already have the approval in place to do so.

They would still have to lodge change in substantial s/holder notices which we haven't seen but maybe we will.

3/
I'm surprised the stock is holding up at 30c.
I suppose if we didn't have two massive semi-state/govt backed $Billion banks behind us, and the asset wasn't so good, we'd be 15- 20c if lucky.

Unfortunately, this is where we are at.
Given everything else that is happening, it could be worse.