Largest cobalt resource with lowest valuation, page-1571

Hi Red,
thanks for your work on this. I think it is quite accurate, as I had some inkling that a particularly large US company was taking up a stake. The Greenstone shares were gained through the in specie distribution. They owned 15% of Heron, and so should have gained about 6 mill shares. Heron received $400,000 worth of shares because it put up that amount of capital to launch Ardea - legals, management, mailing etc. I think management also has more shares now, as there was a large allocation for a zero consideration not that long ago based on existing shares. So Buckhorn got over 2 million shares in that. 15% for the management has been the number bandied about, which is pretty close.
A note on Merrill Lynch: It was really embarrassed by its negative outlook on EVs, and predicted that Tesla had no future. As a company with 2 Trillion under management it wouldn't surprise me if they were trying to regain some credibility in stream resources that EVs will need. Just my paranoid opinion.
BE