DYM 0.00% 15.0¢ 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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Mkt cap ! $5.4M
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15.0¢ 15.0¢ 15.0¢ $363 2.42K

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2 75580 15.0¢
 

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Last trade - 15.45pm 28/06/2024 (20 minute delay) ?
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