Danakali Ltd (ASX:DNK) has received a Buy recommendation from broker Somers & Partners, with a A$1.05 price target. Danakali last traded at A$0.39. The following is an extract from the report.
A quarter of placements, MOUs and progress at Colluli
Memorandum of Understanding (MOUs) signed for 200ktpa of SOP-M complement MOUs for 800ktpa of SOP
Whilst MOUs are still a long way from binding off-take we are pleased to see discussions are well underway on the second potential product and revenue stream from the tier 1 Colluli project. Continue reading Danakali Ltd Receives BUY Rating and A$1.05 Price Target