Following a positive day on Tuesday, the Australian market could be in for a rough session today with SPI futures trading down 75 points at 8:30 am AEST..
ASX-listed Danakali on Friday rejected calls from a major shareholder to return all of the capital generated from the sale of the Colluli asset earlier this year to shareholders, and for the company to be liquidated.
Danakali in March wrapped the sale of its 50% shareholding in the Colluli sulphate of potash (SOP) project, in Eritrea, to Sichuan Road and Bridge Group, after striking a $166-million deal in January.