Looks fairly clear to me. People done well to read and digest so quickly, especially with no current holding.
10M/13M IPO once listed with 5-8M in cash depending on how much is raised. MTC will own roughly half depending of subscription.
Chris Evans facilitating with a view of running the show post spinout. Wouldn't suspect there would be issues raising the money with chris involved. Also wouldn't imagine he'd be associated even on a consultancy basis if he felt there were red flags, but just my view.
Irrespectively we'll see how the market reacts over the coming days/week.
SF2TH
Ann: MetalsTech Announces Spin Out of High-Grade Lithium Assets, page-7
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $31.08M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $2.341K | 17.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 404613 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 249344 | 1 |
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| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| MTC (ASX) Chart |