Danakali (ASX:DNK) shares are signaling bullish signs as the last trading week of 2015 comes to an end. The short-term price trend outperforms the long term since shortly before Christmas with a share price development of + 0.02 (7.41%) closing at 0.29-cent AUD.
This leaves the price at half the level of a 12-month price target set by some investment analysts and the list of indications that the price target could be outperformed is increasing.
The company’s recent Definitive Feasibility Study (DFS) revealed improved economics of the Colluli potash project confirming a Phase 1 development capital reduction of 30%. Continue reading Danakali – A Potash Miner to Watch