LWP tech. - Patented proppant technology targeting the fracking industry that is only set to increase in size in the coming years.
Proppants are ISO tested, superior to many currently on market, as well as being cheaper and lighter. http://www.lwptech.com/IRM/content/default.aspx
MC: ~$30M
SP: 1.3c
Cash: ~$3M plus additional $6M through placement.
LWP has been billowing smoke for some time now. It has entered a trading halt this morning which is set to be lifted start of trade Monday (20th) along with news in regards to the placement and the signing of a JV agreement in India.
Aluchem is soon to be establishing themselves in India. There has been some speculation for some time now that they MAY have something to do with this as their CEO took $250,000AUD worth in a placement in May.
With a JV partner and possibility of new plant or retrofitted plant to manufacture proppants, the price should multibag from where it last closed.
