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LONDON – Danakali Restricted, an Australian-based mining firm, has alerted its shareholders to unsolicited acquisition presents that undervalue the corporate’s shares. The discover follows the current sale of Danakali’s Colluli potash mission, which was offered for A$154.7 million.
Government Chairman Seamus Cornelius cautioned shareholders about these below-value bids, which have been made at 1c per share whereas the corporate’s buying and selling is suspended. He urged shareholders to train warning and search skilled recommendation when coping with these presents.
Within the wake of the mission sale, Danakali has already returned A$38 million to its shareholders, equating to roughly 10.5c per share. The corporate is actively contemplating different methods to reinforce shareholder worth, together with potential share buybacks and additional capital returns.
Furthermore, Danakali is trying to develop its portfolio by buying a brand new exploration license in Eritrea. This license will permit the corporate to discover an unlimited space of 1,537 km² for and gold, signaling a strategic shift in the direction of diversifying its mineral belongings.
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