CHN have a history of investing company funds into other mineral exploration companies. They did so in 2019 on Spectrum Metals. I believe the ticker was SPX and they made a couple of bags.
it’s possible they realise the palladium market may be in a trough for sometime and they have over $100m to deploy so they may simply be looking for a short term return here.
Ann: Becoming a substantial holder from CHN, page-24
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