It's an absolute treat to see the strong interest in DNK...

  1. 7,889 Posts.
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    It's an absolute treat to see the strong interest in DNK following the completion of the CR and the announcement of the offtake MOUs.

    New buyers are very clearly taking fairly large stakes. We haven't see this kind of action for well over 12mths so it seems the message has got out. Could be the offtakers buying up, could be a result of the PI presentations or it could simply be investors capitalizing on the ridiculously low SP ahead of some of the company defining millstones that we can look forward to in the next few months:

    1) Approval of the mining licence (the big one)
    2) Asian offtake MOU announcement
    3) Conversion of MOUs into binding term sheets
    4) Announcement of the 'strategic partner'
    5) Debt funding (or at least the public release of who we're negotiating with)

    Whatever is driving the new buying, it's certainly having an effect on the SP (up ~40% from our lows post-CR with highest volume in nearly two years). I think we may still technically be in a long-term downtrend so if we can get up to 28-29c this week with some volume, we may have broken through it.

    The fundamentals of this stock are beautiful IMO. I'm continuing to accumulate while I can under 30c.
 
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