0R15 9025.0 0.0% 0R1E 9410.0 0.0% 0M69 None None% 0R2V 247.99 9682.643% 0QYR 1567.5 0.0% 0QYP 439.3701 -2.9016% 0RUK None None% 0RYA 1597.0 1.2682% 0RIH 195.55 0.0% 0RIH 191.4 -2.1222% 0R1O 225.5 9683.0803% 0R1O None None% 0QFP 10475.8496 107.8542% 0M2Z 252.573 0.2373% 0VSO 33.0 -7.3164% 0R1I None None% 0QZI 622.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 222.05 -4.1318%
Dundas Minerals Limited
The Offering
Company Overview
Dundas Minerals Limited is an Australia-based exploration company incorporated on April 21, 2020. The main objective of the company is to identify opportunities to acquire or make application for exploration licenses within areas of Western Australia that are considered prospective for the occurrence of nickel and gold deposits. Post-Acquisition, Dundas Minerals Limited will prepare for an initial public offering (IPO) to raise capital for funding its exploration strategies and listing on the Australian Securities Exchange (ASX).
Use of IPO Proceeds
Source: Company Prospectus
Capital Structure
Source: Company Prospectus
Key Management Personnel
Source: Company Prospectus
Financial Highlights (as on 30th June 2021)
Source: Company Prospectus
Risk Associated (Moderate to High)
As a diversified miner the company is exposed to a variety of risks including mining exploration licenses, renewable of exploration licenses, regulatory risks, climate risk, rise in input costs due to surge in inflationary pressure, and other macro-economic risks. Also, resurgence in COVID-19 cases could also hamper the mining work.
Conclusion
The company is coming with this IPO to raise a maximum amount of AU$6.0 million to advance its nickel, copper, and gold assets in prolific Albany-Fraser Orogen. The key driving force behind this IPO is the ongoing global demand for nickel and copper together with the strong gold price since March 2020.
The company holds four granted exploration licenses and eight license applications, including one held by a third party for which it has exclusive right to acquire upon grant.
However, investment in this IPO carries a lot of risks ranging from commodity price risks, liquidity risks, regulatory risk to other macro-economic risks.
Hence, the IPO of Dundas Minerals Limited looks ‘Attractive’ only for Investors with Moderate to High-Risk appetite.
Lykos Metals Limited
The Offering
Company Overview
Lykos Metals Limited is an Australian company incorporated on May 06, 2021, with sole purpose of acquiring entire issued share capital of Lykos Balkan Metals pursuant to acquisition agreement. Lykos Balkan Metals is a battery metals exploration and development company. Its projects include exploration and extraction of nickel, copper, cobalt, precious metals, lithium and REE.
Use of IPO Proceeds
Source: Company Prospectus
Key Management Personnel
Source: Company Prospectus
Financial Highlights (as on July 31, 2021)
Source: Company Prospectus
Risk Associated (High)
The company is exposed to a variety of risks ranging from licenses risk, regulatory risk, liquidity risk, volatility in the underlying commodity prices, credit risk, resurgence in COVID-19 cases to other macro-economic risks. Further, a higher inflationary pressure could also weigh-in on the group’s financial health.
Conclusion
Given the past performance of the battery manufacturer in the IPO market, Lykos could also witness the same kind of listing potential. Further, the company’s projects have a decade-long mineral discovery and extraction history but remain almost entirely unexplored by modern geological exploration methods. The historical data gathered and analyzed by the Company’s management team implies a significant exploration potential for the key battery metals needed for the worldwide energy transition and other precious and base metals.
However, there are various risks associated with the investment, given the micro-cap market categorization and significant dependency on the commodity prices, which is quite volatile.
Hence, the IPO of Lykos Metals Limited looks ‘Attractive’ only for Investors with High-Risk appetite.
Disclaimer
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