Short Danakali LTD (SBMSF)
Danakali LTD (SBMSF) an Australian company at the construction stage of a high grade potash mine in Eritrea, an authoritarian nation in the Horn of Africa. Eritrea is lead by a brutal dictator named Isayas Afeworki. There is rumor that the president in his late 70s has passed away. Afeworki had a tight control of the country for almost 3 decades and has been the only president since Eritrea got it's independence from Ethiopia. America and Britain have been flying their citizens out of the country the past 48 hours.
Most deals Afeworki made with foreign corps have been secretive. There is a possibility that the country can turn into chaos. The construction is likely to be stopped if indeed he has died. The supply route from the mine to the Red Sea goes through a volatile area only suppressed by the dictatorial power of Afeworki (think of Libya during Ghadafi era). So I am going to short Danakali LTD.
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