Danakali Alert: Trading Halt Sparks Concern over Lowball Bids

Danakali Limited Alerts Shareholders to Undervalued Acquisition Offers

Australian-based mining company, Danakali Limited, has issued a notice to its shareholders regarding unsolicited acquisition offers that undervalue the company’s shares. This announcement comes in the wake of the recent sale of the company’s Colluli potash project for A$154.7 million. The executive chairman of Danakali, Seamus Cornelius, has cautioned shareholders about these below-value bids, which have been made at 1c per share while the company’s trading is suspended. He has urged shareholders to exercise caution and seek professional advice when dealing with these offers.