DNK 0.00% 31.7¢ danakali limited

I sold this couple of weeks back as someone indicated to me that...

  1. 456 Posts.
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    I sold this couple of weeks back as someone indicated to me that the company has strong potential and that is the reason Chinese influence in Africa is working against it. He pointed me to past example of such occurrences where Chinese took over the assets by bribing corrupt local government/banks/regulatory authority which led to all kinds of delays. Ultimately bringing those companies on knee, they succumbed and Chinese got it dirt cheap. He believed tactics for one more years and price below 20c may be the final nail in coffin for DNK.

    I don't know much about how Africa works but China claim is plausible to me. Do your own research.

    In any case, technical not looking very good so thought to pull out whatever left and deploy into other stock.
    https://hotcopper.com.au/data/attachments/2732/2732079-e76b52a491e623c9b62e4e44ad3a2733.jpg

    DYOR. GLTAH
 
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