Ann: Company Presentation, page-19

DNK mgt in my mind gets 10/10 ticks of approval
Presentation and announcements get the same 10/10.
Project ditto.

The real problem seems to always come back to two factors
1. Eritrea sanctions and possible change of govt or military rule.
Unlike the few other mining projects the initial capex was low under$100 m, this projects capex is enormous and who is going to risk having the whole project or extra taxes imposed by a new Eritrean govt?

2. More important than point 1 is the doposit is on the boarder of Ethiopia. Thats dangerous from a number od aspects.

Hope mgt can deliver, but it looks more and more unlikely.
Dam shame cos i hold indirectly.