Search

Danakali raises $12m for potash project

Aspiring potash producer Danakali has tapped investors for $12.3 million as it moves ahead with development of its Colluli project in Africa.

Perth-based Danakali raised the funds through the placement of 20 million shares to UK and Australian investors at 62 cents a share, representing a 7.9 per cent discount to the company’s 30-day volume-weighted average price.

The proceeds of the raising will be used to complete development cost reduction and optimisation work in the front-end engineering process of the Colluli development works, as well as completion of tendering processes for key contracts.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

Danakali (DNK)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/04/17

1 year TSR5 year TSR
20thBlack Mountain Resources533%-26%
77thBlack Star Petroleum200%-51%
119thDanakali103%-10%
147thEmmerson Resources81%-17%
551stPoseidon Nickel-16%-22%
707 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/02/17
$0 Other
01/02/17
$0 Issued
01/02/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

102nd↓Danakali$1.8m
111th↑Emmerson Resources$1.6m
113th↑Poseidon Nickel$1.5m
116th↑Black Star Petroleum$1.4m
117th↑Black Mountain Resources$1.3m
494 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Danakali

121stPaul Donaldson$764k
346thJohn Fitzgerald$184k
454thSeamus Cornelius$72k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer