New Risk • Mar 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$772k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$143k revenue, or US$101k). Minor Risks Significant insider selling over the past 3 months (AU$772k sold). Market cap is less than US$100m (AU$30.7m market cap, or US$21.8m). Recent Insider Transactions Derivative • Dec 23
Non-Executive Chairman exercised options to buy AU$205k worth of stock. On the 22nd of December, Justin Mannolini exercised options to buy 500k shares at a strike price of around AU$0.30, costing a total of AU$149k. This transaction amounted to 59% of their direct individual holding at the time of the trade. Since March 2025, Justin has owned 850.00k shares directly. Company insiders have collectively bought AU$2.9m more than they sold, via options and on-market transactions, in the last 12 months. 공시 • Oct 09
Dynamic Metals Limited, Annual General Meeting, Nov 20, 2025 Dynamic Metals Limited, Annual General Meeting, Nov 20, 2025. New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (84% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.3m market cap, or US$6.65m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). New Risk • Mar 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (84% accrual ratio). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$22.7m market cap, or US$14.3m). 공시 • Mar 25
Dynamic Metals Limited Announces Completion of the First Phase of RC Drilling at the Cognac West Prospect, Part of the Widgiemooltha Project in Western Australia Dynamic Metals Limited announced completion of the first phase of RC drilling at the Cognac West prospect, part of the Widgiemooltha Project in Western Australia, where the Company has generated multiple gold targets. At Cognac West, up to 75 drill holes are planned to be drilled across Anomaly A and Anomaly B, over the course of several exploration campaigns. In this first phase of drilling 32 angled RC holes were drilled to 150m depth for a total of 4,800m with 14 holes drilled at Anomaly A and 18 holes across Anomaly B. Initial samples are 4 metre composites for cost and production efficiencies and where anomalous gold grades are detected, more detailed sampling at 1 metre intervals will be undertaken. This first part of the drill program is expected to significantly increase the understanding of the fresh rock geology of the prospect area and further refine the drill targets for gold mineralisation. The area has been subject to near surface historic exploration dating back to the 1970s, including soil sampling and shallow drilling, with historic data sets often incomplete and limited to gold assays only. A peak historic drill hole gold assay from the 1990s includes 1m @ 91.3g/t from 41m in JSA0252. During 2024, Dynamic undertook an extensive soil sampling program at the prospect, where samples taken every 50m along 200m spaced east-west lines initially highlighted three areas of +0.025ppm (25ppb) gold anomalism. Follow up infill soil sampling identified several higher-grade zones of +0.1ppm (100ppb). In addition, the Company completed geological mapping and rock sampling which supported the potential for significant gold mineralisation, with peak gold assay results of 2,040g/t, 53.1g/t and 8.95g/t1. All information was incorporated into the geological model of the area to generate several RC drill targets across Anomaly A and An anomaly B, where up to 75 drill holes are planning to be drilled over several exploration campaigns. The first phase of drilling is now complete with 32 RC holes drilled to 150m depth for an total of 4,800m, with 14 holes drilled at An anomaly A and 18 holes across An anomaly B. Initial samples are 4m composites for cost and production efficiency. Results from composite samples returning greater than 0.1ppm Au will be used to guide selection of 1m samples. Assays from the 4m composite samples are anticipated to be returned by mid-April 2025. These results will be used to refine the geological targeting model before drilling recommences late April. 