The Whatziss, revealed!
The question is here, if you need to catch up.
Al and MajMike were correct, it's a linker-delinker for disintegrating link machine gun belts. The markings are frankly not conclusive as to origin. They are not Brit nor US.
The three-pronged side links:

The two-pronged side de-links. It really doesn't make linking any faster, but it sure reduces the stress on arthritic hands... Werekitten noted that it was a spreader - it actually does both - part of what I like about the cleverness of the gizmo. It squeezes to link, but flip it over, and it spreads to de-link. I shudder to think where you all might go with this.
Regardless - Bragging rights to Al and MajMike (though MajMike has some scale issues, not unusual with guys who have spent time running about in panzers).
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