Pinned straw:
Looks interesting, but a bit out of my wheelhouse
They basically got a license to use Flash Joule Heating from Rice University. In exchange, the university got 17m shares in MTM
Seems they are switching from being a mining explorer to a metal refiner/recycler.
There's lots going on here so maybe write more another day.
Became a holder "by accident" when the share price dived from 7c to 6c.
The holding is mega tiny though. MTM only have 2.6m so I expect a raise as that amount of money doesn't get far enough even though they have 3-4 quarters of cash remaining.
Now back to 8.5c, so a flukey return for me...
[held]
Bit of a correction
There was 15m options to Rice University at strike price of 20c
The equity was issued via 100m shares to Flash Metals Pty Ltd.
20m shares went to the owner of Flash (InvestJtech)
Yes I did say there was lots to unpack and that's not even including the technology. However this FJH is being used for Graphene by Universal Matter.
Only bought what I'm willing to lose on this in the hope that if this goes pear shaped the other holdings I have will make up for it.