IPO - Dynamic Metals Limited - 6 January 2023 12:00 PM AEDT ##, page-7

@discostu89
The "dynamic" part I think refers to the way this IPO frees JRL up from (once all are granted) > $1m p/a in minimum tenement expenditure and around $150k p/a in rent of that tenure. And if that's not dynamic enough for you - how about the metals? So dynamic the company can pivot between Lithium, Nickel, Gold or Manganese leaving shareholders dazzled at the turning circle?
Given that the prospectus allocates $0 to diamond drill programs in both year 1 and year 2 - it kind of suggests they haven't really found the tail yet.
And I suggest they don't know which tail to go look for......Perhaps I'll come back for a look in year 3 to see if they have honed their dart throwing skills.
Sadly, I think they chose the name Dynamic because every other word in the universe has already been used for lithium IPOs 2021,2022 and although there's more lithium going into disposable vapes than EVs I still think the sector partys too hard and is trying to avoid another sizeable hangover.
Just my thoughts - Brokers and JRL holders the mic is yours