Oh and here's one other thing I belive I can say, - as this is...

Oh and here's one other thing I belive I can say, - as this is not coming from the company but from our other connections in the region. We are now in connection with some of the huge diaspora of Eritreans overseas (4 million) many of whom in UK/US /Germany/Dubal and the region have done well for themselves and want to help this project for their country. They have much information they share with us and are starting to collect the stock soon.(already doing so ) as they get it.

I repeat this info below is not official and did not come from the company - it is just what we have been hearing.

Eurochem - who did a full year due diligence on DNK before they agreed to buy all their offtake,a couple of years ago, have from what we're told had two guys back in Eritrea doing a second round of due diligence (the Eritrean govt's mining dept and DNKs partner in the project) . So we think such a bid is becoming imminent now that things are clearly turning around for DNK. Let's face it they are willing to buy all their offtake -(and let DNk make between 40-80 million a year selling to them ) and they are a USD ^ billion a year revenue company does it not make too much sense for them to buy out the whole damned project for 500 million AUF and make the extra AUD 120 million each year for the foreseeable future?

Plus.... and this is where things are getting jiggy....

we also hear indirectly from our Eritrean contacts in the region about Sabic - just so you know who they are - (Saudi Basic Industries Corporation known as SABIC - is a Saudi Arabian multinational chemical manufacturing company and a subsidiary of the state-owned petroleum and natural gas company Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals.[1] It is the second-largest public company in the Middle East and Saudi Arabia 70% of SABIC's shares are owned by Saudi Aramco.- the biggest oil co in the world.

Sabic has annual revenues last year of 37 billion USD, and have assets of 83 billion USD- and they are based Just across the red sea from Eritrea. they also have Saudi Aramco and the Saudi govt behind them - so just to put things in context for them paying AUD 500 million (or USD 380 million) to take out all DNK shareholders at $1.20 ( the current npv based on module 1) is absolutely peanuts.(its almost just a rounding error in their books)

anyway Sabic -=who have already proposed to Eramco that they will take the project and fast track it straight to module 3 )-( as in building the port at Anfile bay 85 km from Coluli and run the rail line or conveyor belt straight too it upfront)- and have already asked to buy out the project. Anyway, our Eritrean contacts say Sabic are also putting pressure on Eramco to sell them the project.

so things are hotting up.

from rumours and talk we hear that the biggest german MOP maker (whose costs of converting MOP to SOP are getting too high to remain viable ) are interested, plus Chinese offshoot of Sinochem in china have previously been nosing around aggressively with a bid and still want the project (the Chinese already have acquired almost 10% of DNK), and (this is speculation ) possibly Nestle and then a big Belgian MOP co are also sniffing around. So things are getting colourful on the potential bidding wards front.

Please dont forget that who ever controls this Coluli asset will control the price of world SOP fertilizer for decades to come. So do not Underestimate the global value of this project. there was a reason it went to 6$ before. Do not be put off by the currently grossly IMO undervalued stock market valuation of just 50 cents a share. the market is not always right you know-and that valuation gap is where 10baggers live!

just look at CHN - we called it as a ten bag co last Feb at 50 cents and as a 120 mill cap co - and today a year later its just hit AUD 2 billion market cap and a $5.88 share price! DNK's asset is far bigger than CHN's!! its just its in Eritrea, and while that may matter to us retail investors it doesn't matter to the monster companies who will try to buy this asset. we see DNK as another chn-or more

lets face it half their production of co-credit minerals Salt, Kiserite, Sopm, Gypsum, and gas are not even included in the current DFS- they only kick in in modules two and three productions.

So This potential for a bidding war, as we have mentioned, will only become more exacerbated, when DNK gets their next cash injection -and we belive that not too far off, and DNK then gets to work on site with the money, building roads, putting in the water osmosis system, building a workers camp etc, -so then with action on the ground (in theory) the next round of senior debt financing now under discussion should be officially confirmed. Then there will only be maybe 30-40 mill AUD to complete- and thats just £25 mill- now that's not hard to get in London as its the "last money in"....and the big brit funds are famous for jumping in when its "last money in"- ( they are happy to pay a bit more per share for the reduced risk). Its the current money we are arranging now that is the hard bit and thats pretty much done (as our guys wants to get in with more risk at a cheaper price -like around here)

So in short the next financing round is what will kick everything off - both the financial train of events lined up now to the completion of financing for DNK- as is our hope - plus the brewing bidding war between the monster companies circling the project like vultures in ever-decreasing circles.

the fact that we haven't got Bill Gates on board (yet) or prince Harry or Bona is immaterial, that's also happening and that will just be a bonus. so instead of those out there being cynical get some shares in sit back and watch. the **promotion blocked** boys are now along (and going longer) and on it -and its happening.IMO.