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Danakali Ltd T.DNK


Primary Symbol: SBMSF

Danakali Limited (Danakali) is an Australia-based mineral exploration and development company. The Company is focused on the identification of projects in potash and critical metals (copper, lithium, gold, cobalt, tin, and nickel) and may consider a diversified portfolio of exploration and development assets as part of its strategy. The Company’s primary focus is on projects that are located in Australia and Africa.


OTCPK:SBMSF - Post by User

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Post by rocknroll2008on Nov 12, 2011 10:53am
443 Views
Post# 19232157

going concern note for Q3

going concern note for Q3

From the notes to the Q3 financial statements:

"The ability to continue as a going concern is dependent on completing equity or debt financings or generating profitable operations in the future in order to meet liabilities as they come due and enable the Company to continue operations. To address its financing requirements, the Company may seek additional financing through debt or equity issuance, asset sales or rights offerings to existing shareholders. The outcome of these matters cannot be predicted at this time."
 
   

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