Looks like the 20 million TNC shares traded was associated with...

Looks like the 20 million TNC shares traded was associated with a capital raise. The raise fell short and the underwriter took ownership or had to buy the shares. Less than 20% of the offer shares were taken up by eligible shareholders.

TNC now has its capital and new management to restart exploration and copper production on their leases.

In terms of RNX, it ensures our neighbour can toll treat 3 million tonnes of Mongoose ore in the future which can provide valuable cashflow for the business, less reliance on RNX asking shareholders for money. The upside potential of having a processing plant next door is extremely underestimated. Why take 2 years to build a $50-$100 million process plant when TNC have one? Toll treatment of Mongoose shallow and Mongoose West (if proven up) will be a winning short term cash cow for RNX.