DYM 6.67% 14.0¢ dynamic metals limited

Ann: LANDMARK $20M LITHIUM-FOCUSED JV WITH MINERAL RESOURCES, page-8

  1. 212 Posts.
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    I think this is a great deal for DYM shareholders. The company get upfront cash which will negate the need for a cap raise thus lessening dilution. They get an experienced partner to help with exploration and cover a majority of the costs and they get to keep all the nickel and gold resources.
    I was dubious as to the lithium resource anyway. This gives them a free hit and subsidises all other exploration activities. If the gold exploration finds anything then this will be a very valuable tenement.
    After being on the sidelines I bought back in today. I think this is a company making announcement. I expect the share price to be higher once the day traders are out and investors have had a chance to process this news.
 
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Last
14.0¢
Change
-0.010(6.67%)
Mkt cap ! $5.04M
Open High Low Value Volume
14.0¢ 14.0¢ 14.0¢ $510 3.64K

Buyers (Bids)

No. Vol. Price($)
1 8750 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 24949 1
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
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