Well we did arguably have a lot of pump and dump in the past with LIT. That seems to be the way spec stocks maintain funding. Often can be quite desperate for these nanocap stocks. It is right to be skeptical, but I don't think you should expect that nothing will come of this. There would seem to be a fertile ground for the two companies to cover.
There is a new MD there now, and mentioned this might be coming in their last quarterly report. So this is a progression step. He seems to have been working on this.
You might look at my other post on Sileach. https://hotcopper.com.au/posts/69201652/single
There is a lot for the new MD to discuss with MIN. On top of Sileach there is VSPC, and probably lots of other IP. So there might be further progress in the relationship with MIN to come.
MIN hasn't released anything on this deal - $4.5m isn't really that significant to them. They also may not want to flag this news - although good luck now with LIT up 70%!
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2.1¢ |
Change
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Mkt cap ! $27.32M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.1¢ | $5.089K | 231.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 3167070 | 2.1¢ |
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Price($) | Vol. | No. |
---|---|---|
2.2¢ | 1305915 | 6 |
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No. | Vol. | Price($) |
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43 | 5559763 | 0.020 |
15 | 2018990 | 0.019 |
20 | 1732076 | 0.018 |
3 | 360003 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 1305915 | 6 |
0.023 | 987863 | 13 |
0.024 | 913357 | 6 |
0.025 | 969344 | 7 |
0.026 | 247788 | 5 |
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