Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
A director at Danakali Ltd bought 2,989,728 shares at 0.460AUD and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
LONDON--(BUSINESS WIRE)-- Danakali Limited (ASX: DNK, LSE: DNK, Danakali or the Company), is pleased to announce that the Colluli Mining Share Company (CMSC) has issued a Notice to Proceed to DRA Global (DRA), the preferred provider of Engineering, Procurement and Construction Management (EPCM) services for the Colluli Sulphate of Potash Project (Colluli or the Project). The Notice to Proceed is an interim agreement that allows DRA and CMSC to commence the EPCM process. Further, the Colluli Mining Share Company (CMSC) Board has resolved to commence EPCM phases 1 & 2. DRA is a high quality, m...
LONDON--(BUSINESS WIRE)-- Danakali Limited (ASX: DNK, LSE: DNK, Danakali or the Company) is pleased to announce that it has entered into a Subscription Agreement with Africa Finance Corporation (AFC) for a placement of fully paid ordinary shares (Shares) to raise US$50M (Placement). The Placement will be part of the overall funding package used for the development and construction of the Colluli Sulphate of Potash Project (Colluli or the Project) in the Danakil Depression region of Eritrea, East Africa. Colluli is fully permitted and construction ready, with both the EPCM contract and senior...
LONDON--(BUSINESS WIRE)-- Danakali Limited (ASX: DNK, LSE: DNK, Danakali or the Company) is pleased to announce that Africa Finance Corporation (AFC) and African Export Import Bank (Afreximbank, together the Mandated Lead Arrangers), have obtained formal credit approval to provide the Colluli Mining Share Company (CMSC) with US$200M in senior debt finance (the Facility). The Facility will be part of the overall project funding package used for development and construction of the Colluli Potash Project (Colluli or the Project) in the Danakil Depression region of Eritrea, East Africa. Credit a...
LONDON--(BUSINESS WIRE)-- Danakali Limited (ASX: DNK) (Danakali, or the Company), on behalf of Colluli Mining Share Company (CMSC), is pleased to announce that a binding take-or-pay offtake agreement has been reached with EuroChem Trading GmbH (EuroChem) for up to 100% of Module I Sulphate of Potash (SOP) production from the Colluli Potash Project (Colluli, or the Project) (the Agreement). The Project, located in Eritrea, East Africa, is 100% owned by CMSC, a 50:50 joint venture between Danakali and the Eritrean National Mining ...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Danakali (DNK) has completed the definitive feasibility study (DFS) for the Colluli (DNK 50%) sulphate of potash (SOP) project in Eritrea. Colluli is a globally significant open-pittable resource with substantial expansion and mine life potential beyond its initial phases. On our estimates, there is significant upside potential as Colluli advances.
Since the release of its PFS in February 2015, Danakali (DNK) has continued on its path towards production with the announcement of a maiden ore reserve of 1.1Bt, a successful A$6.1m equity raising, the appointment of a respected financial advisor to explore project funding options and achieved solid progress on the DFS.
The recently released PFS for South Boulder’s (STB) 50%-owned Colluli potash project in Eritrea demonstrates strong economics, underpinning the board’s decision to proceed with the DFS. We have developed a valuation model for the project that has verified the PFS NPV10 (US$846m for Phase 1 and 2) and IRR (24.7% Phase 1 and 2). Here, we summarise the key outcomes of the PFS and present our valuation analysis.
South Boulder’s 50%-owned Colluli potash project in Eritrea is at a key juncture. The project has been redefined by new management to present a premium value product, optimising kainite, sylvinite and carnallite resources. The nature of the resource and method of production points to favourable cost economics. The project is logistically well placed for its target export markets. A PFS in February and a DFS during 2015 will flesh out the technical, cost and operational aspects, following which...
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