DANAKALI Ltd., Eritrea - Colluli Potash Project

Danakali Limited (ASX: DNK) ? Suspension from Quotation
Description
The securities of Danakali Limited (?DNK?) will be suspended from quotation immediately under Listing Rule 17.2, at the request of DNK, pending the release of an announcement in relation to completion of the sale of its interest
in the Colluli Project.

complete text :
https://stocknessmonster.com/announcements/dnk.asx-6A1143076/  

ASX Release: 31 March 2023
Completion of Sale of Colluli Interest
Highlights
? The sale of DNK?s 50% shareholding in CMSC to Sichuan Road and Bridge Group Co., Ltd
completed on 31 March 2023, well ahead of schedule.
? Net of all government taxes, DNK will receive US$121 million in 2 Tranches:
? Tranche 1 amounting to US$105 million (AUD$156 million) has been received.
? Tranche 2 amounting to US$16 million will be received 6 months from completion.
? DNK currently plans to distribute approximately 90% of the net proceeds to DNK shareholders.
? DNK will continue to identify new projects and potential new alternative growth opportunities.
? Danakali?s securities will be suspended from official quotation from close of market on Monday
3 April 2023.

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1143318/  

Market Announcement 31 March 2023
31 March 2023 Market Announcement 1/1
ASX Limited ASX Customer Service Centre 131 279 | asx.com.au
Danakali Limited (ASX: DNK) ? Reinstatement to Quotation
Description
The suspension of trading in the securities of Danakali Limited (?DNK?) will be lifted immediately following the release by DNK of an announcement regarding completion of the sale of its interest in the Colluli Project.

https://stocknessmonster.com/announcements/dnk.asx-6A1143322/  

Danakali Ltd
Level 1, 2A / 300 Fitzgerald Street
North Perth, Western Australia, 6006
Tel: +61 8 6266 8368
www.danakali.com.au
ABN 56 097 904 302
3 April 2023
ASX Release
Dear fellow shareholders
Completion of Sale of Colluli Interest
Last week on 31 March 2023, Danakali Limited (ASX:DNK) (DNK, Danakali, or the Company) successfully
completed the sale of its interest in the Colluli Mining Share Company (CSMC) to Sichuan Road and Bridge
Group Co., Ltd. (SRBG) and received the tranche 1 funds of approximately AUD $156 million. The sale was
completed two months ahead of schedule thanks to the hard work of our team, the support of ENAMCO
and the Eritrean Ministry of Energy and Mines and the efforts of SRBG and their advisors. Many other
Government departments in Eritrea and China also played an important role in helping us complete the
transaction well ahead of schedule. Several members of our team deserve acknowledgment for their
efforts on behalf of Danakali and shareholders in particular our CFO, Greg MacPherson, and our external
lawyer, Pia Drummond of Steinepreis Paganin.
Next steps and anticipated timeline
Having completed the sale two months ahead of schedule, we will now proceed with advancing the
process to return funds to shareholders as quickly and effectively as possible. The preliminary advice we
received from our tax advisors has highlighted several points that are relevant to the return of funds to
shareholders. Please note any comment on tax made below is intended to be a reasonable high-level summary of the preliminary advice we have received as Danakali and does not constitute tax or other advice to shareholders.

1. Dankali?s issued capital as reported in the most recent audited annual accounts is $127.8 million. This
is the theoretical maximum amount of capital we can return to shareholders as capital regardless of
whether we return the funds by way of a capital return or via a share buy-back. This means that to return
approximately 90% of funds received, there will necessarily be a dividend/income component in the
hands of shareholders. This will primarily impact Australian shareholders rather than overseas
shareholders because the dividend/income component of the funds returned to foreign shareholders will
probably not be subject to tax in Australia given that sale proceeds are likely to be treated as Conduit
Foreign Income.

more text :
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Market Announcement
3 April 2023
Danakali Limited (ASX: DNK) ? Suspension from Quotation
Description
The securities of Danakali Limited (?DNK?) will be suspended from quotation at the close of trading today, 3  April 2023 under Listing Rule 17.3.
ASX has determined that DNK?s operations are not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.1. The suspension will continue until DNK is able to demonstrate compliance with Listing Rule 12.1 of the Listing Rules.
Issued by
Dale Allen
Manager, Listings Compliance  

Becoming a substantial holder from MS

Notice of initial substantial holder
https://stocknessmonster.com/announcements/dnk.asx-6A1144159/  

5:41 pm Change in substantial holding from MS
https://stocknessmonster.com/announcements/dnk.asx-6A1144237/
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4:43 pm Becoming a substantial holder from NGE
https://stocknessmonster.com/announcements/dnk.asx-6A1144202/
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4:38 pm Becoming a substantial holder from MUFG
https://stocknessmonster.com/announcements/dnk.asx-6A1144200/  

Change in substantial holding from MUFG
https://stocknessmonster.com/announcements/dnk.asx-6A1144491/  

Page 1 of 3
ASX Release: 28 April 2023
Quarterly Report
For the period ended 31 March 2023
Danakali Limited (ASX: DNK, Danakali, or the Company) is pleased to provide this quarterly update
on the activities and financial position of the Company.
Corporate
Completion of Sale of Colluli Interest
On 31 March 2023, the Company announced completion of the sale of Danakali?s 50% interest in
the Colluli Mining Share Company (CMSC) to Sichuan Road and Bridge Group Co., Ltd. (SRBG or
the Purchaser) for US$166 million in upfront cash and deferred payments (Transaction).
As previously announced, pursuant to the Share Sale Agreement (SSA), the Purchaser agreed to
purchase:
(a) 100% of the shares held by Danakali?s wholly owned subsidiary, STB Eritrea Pty Ltd (STB), in
Colluli Mining Share Company (CMSC) (CMSC Equity); and
(b) the outstanding amount owed by CMSC to STB pursuant to the terms of the shareholders
agreement between ENAMCO and STB (Shareholder Loan),
for US$135 million and US$31 million (subject to an adjustment for deferred payment)
respectively, for a total sum of US$166 million. Upon completion of the Transaction, net of all
government taxes, Danakali received US$105 million (AUD$156 million), with a second tranche
payment of US$16 million to be received 6 months from completion.
DNK?s Plans Post Transaction Completion
Danakali is continuing its investigation of suitable projects for investment of a portion of the funds
received from the Transaction with a view to meeting the requirements of Listing Rule 12.1 to
return to official quotation upon application to ASX. The Company?s securities were suspended
from official quotation from the close of market on Monday 3 April 2023 (refer ASX
Announcement 31 March 2023 for further details).
Having completed the Transaction well ahead of schedule, Dankali efforts focused on
identification of new projects for investment will be increased. If the Company does not identify a
suitable new project, the shares of DNK will remain suspended.

complete text:
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Page 1 of 2
ASX Release: 28 April 2023
Notice of Annual General Meeting
Danakali Limited (ASX: DNK, Danakali or the Company) is pleased to confirm release of its Notice of
Annual General Meeting (Notice) to shareholders.
The Annual General Meeting will be held at 10:00am (AWST) on Wednesday 31 May 2023 at The Celtic
Club, Presidents Room, 48 Ord Street, West Perth, Western Australia.
A copy of the Notice is attached to this announcement.
This announcement has been authorised for release by the Board of Danakali Limited.

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1147780/  

Hallo,

kann jemand informieren, wie es für die Shareholder jetzt weiter geht?
Bin der englischen Sprache nicht ganz so mächtig....

Danke
LM  

9 May 2023
Dear Directors
NGE CAPITAL LIMITED CALLS ON THE BOARD OF DANAKLI LIMITED TO MAXIMISE VALUE AT
MINIMAL RISK FOR ALL SHAREHOLDERS BY RETURNING 100% OF THE COMPANY?S CAPITAL TO
SHAREHOLDERS
NGE Capital Limited (ASX:NGE) (?NGE?, ?we? or ?us?) currently holds 20,000,000 shares of Danakali
Limited (ASX:DNK) (?Danakali?, ?Company? or ?DNK?) which represents approximately 5.43% of the
shares outstanding of the Company. 1 We believe this makes us the fourth largest individual
shareholder, and the second largest shareholder that is not an entity related to a director of the
Company.

complete text:
https://ngecapital.com.au/wp-content/uploads/2023/...etter-to-DNK.pdf  

ASX Release 12 May 2023  10:21 am
Danakali Board reaffirms intention to distribute 90% proceeds of Colluli Potash Project sale to shareholders.
Danakali Limited (ASX:DNK) (DNK, Danakali or the Company) advises that it has received a letter from a substantial shareholder urging changes to the Company?s strategy in relation to distributing proceeds from the sale of the Colluli Potash Project.
In the interests of keeping shareholders informed, a copy of that letter is available here.
The shareholder concerned is a listed investment company called NGE Capital Limited (ASX: NGE) (NGE), which holds 20 million Danakali shares representing 5.43% of the Company?s share register.
NGE wants:
? Danakali to return 100% of capital from the Colluli sale to shareholders; and
? the Company to be liquidated.
The Board of Danakali has reviewed NGE?s letter, as it would any correspondence from shareholders, and concluded there is no reason to divert from the Company?s existing, long-standing and consistent strategy in relation to the proceeds from the Colluli sale.
The first tranche of US$105 million was paid in March 2023 and a further US$16 million second tranche payment is due at the end of September 2023.
Danakali has committed to making the shareholder distributions as quickly as possible and in the most tax effective form for shareholders. Extensive professional advice has been sought to optimise the distribution for shareholders, and some of this advice is still to be finalised.
Beyond the distribution, Danakali continues to assess new project opportunities, and expects to make further announcements in coming months.
Executive Chairman Seamus Cornelius said the Board remains committed to both the current distribution plan and to driving further shareholder value through new projects.
?Our ambition as a Board is to deliver value for our investors, and repatriating to them 90% of the proceeds of the Colluli sale is absolutely aligned with this guiding principle,? said Mr Cornelius.
?An overwhelming 99.55% of shareholders voted in favour of the sale of the Colluli Potash Project (disposal of main undertaking) at the General Meeting held 2 March 2023 and we?re committed to delivering what we think is right and what our investors have supported.

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1149924/
 

Page 1 of 2
ASX Release 16 May 2023
Termination of American Depositary Receipts
Danakali Limited (ASX: DNK) (Danakali, or the Company) is advises it has requested to terminate its American Depositary Receipts (ADRs) with The Bank of New York Mellon (BNYM) on 10 May 2023.
ADRs represent 5,171,955 shares, or 1.4% of the total number of ordinary shares on issue.
The Company believes it is in the interests of all Danakali shareholders to terminate the ADRs given their small number and the significant savings in administrative costs that cancellation will bring.

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1150323/  

ASX Release 25 May 2023
Market Update ? Colluli Distribution, New Projects
Highlights
? Danakali remains committed to distributing 90% of the Colluli proceeds
? Distribution expected to be a blend of capital return and unfranked dividends (indicative)
? Further tax advice being sought on distribution in the most tax effective manner for shareholders
? Timing of distribution is dependent on tax advice, but expected in Q1 FY24
? Second tranche for the Colluli sale remains due on 30 September 2023
? Continuing to assess new project opportunities
? Reduction in corporate costs, overheads
Danakali Limited (Danakali, or the Company) is pleased to provide an update to shareholders on the intended distribution of
proceeds from the sale of the Colluli Potash Project (Colluli).

complete text:
https://stocknessmonster.com/announcements/dnk.asx-6A1151596/  

3:05 pm Results of Annual General Meeting

ASX Release 31 May 2023
Results of Annual General Meeting
In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, Danakali Limited (ASX: DNK, Danakali or the Company) provides the results of the Annual General Meeting of Shareholders held at 10:00am (AWST) on 31 May 2023, as set out in the attached schedule.
The Company advises that all resolutions were decided by way of a poll and passed with the exception of resolutions 6, 7 and 8 which were not carried.
Announcement authorised for release by the Company Secretary of Danakali.

complete text:
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ASX Release 13 June 2023
Notice of Change of Auditor
Danakali Limited (ASX: DNK, Danakali, Company) advises that Hall Chadwick WA Audit Pty Ltd (Hall Chadwick) has been appointed as auditor of the Company, with effect from 31 May 2023.
This appointment follows the receipt of shareholder approval at the Company?s annual general meeting held on 31 May 2023 and ASIC?s consent to the resignation of Ernst and Young as auditors of the Company in accordance with section 329(5) of the Corporations Act 2001.
The appointment of Hall Chadwick follows a review of the Company?s external audit requirements in line with the Company?s sale of the Colluli Potash Project.

Complete text:
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wird die Aktie nicht mehr gehandelt???  

Vorerst nicht, ist aber alles soweit nachvollziehbar und nicht weiter schlimm  

na dann, dachte schon wieder ist das Geld weg  

Page 1 of 2
ASX Release 16 June 2023
Board changes at Danakali following sale of Colluli Project
Danakali Limited (ASX: DNK, Danakali, Company) announces the resignation of two of its directors, Neil Gregson and Samaila Zubairu, effective 15 June 2023. They step down from the board following the successful sale of the Colluli project.
Chairman Seamus Cornelius said the Board was extremely grateful for the valuable contributions made by Mr Gregson and Mr Zubairu, and for their dedication during their time as directors.
Mr Gregson joined the Company's board as an Independent Non-Executive Director in August 2020. With a career spanning more than 35 years in senior asset management roles with Credit Suisse and JPM Global Natural Resources Fund, Mr Gregson brought extensive experience and expertise in the mining and natural resources industry.
The Company expresses its deep appreciation for his valuable contribution and wishes him every success and good health.
Samaila Zubairu joined the Company?s board as a Non-Executive Director in April 2020. A champion for African value capture, job creation and industrialization, and the President and CEO of the Company?s largest shareholder, Africa Finance Corporation, he brought a wealth of knowledge and experience in the finance, development and investment sectors.
The Company expresses its deep gratitude to Mr Zubairu for his significant contributions and also wishes him every success and good health.

Complete text:
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9:26 am Final Director's Interest Notice (S Zubairu)
https://stocknessmonster.com/announcements/dnk.asx-6A1154309/
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9:25 am Final Director's Interest Notice (N Gregson)
https://stocknessmonster.com/announcements/dnk.asx-6A1154308/  

wann wird wieder ein Handel stattfinden? oder was ist jetzt mit dem derzeitigen Aktienbestand im Depot?  

11:36 am Quarterly Activities Report and Appendix 5B

https://stocknessmonster.com/announcements/dnk.asx-6A1159185/  

9:26 am Half Yearly Report and Accounts

https://stocknessmonster.com/announcements/dnk.asx-6A1162705/