Micro Lithium in the process of completing DD of Charge Lithium acquisition
Shares Outstanding 164,509,373 (55,000,916 shortfall shares to be placed at directors discretion at 1.5c)
Market Cap 2.5M
Cash $1m
Strange raise ( at 1.5c) attracting minimal retail participation. Why would you? Though it was an opportunity for directors to load, which they did- why? I'd consider this a stock with genuine re-rate potential.
Currently trading in a channel of very low volumes with tight bollingers- anticipating some sort of news- time-frames unknown so maybe not a tip that will get up in 4 weeks.
