BNYM takes major stake in WA NI

The BNYM subsidiary Pershing Aust P/L being the MBN major shareholder & creditor and controller of MBN debt and shares is piling into POS cheap!
Just taken a 20M share stake at 5.28c for $1M cash in POS
straight into the top 10 holders list by golden parachute at a SP way above current SP.

Pershing is a subsidiary of guess who =
Bank of New York Mellon (BNYM),
the same major holder/major creditor & sole creditor committee controller of MBN!
They have US$1.5T AUM

https://www.pershing.com/about/pershing-at-a-glance

This is bullish news for MBN, it means our USNHs & claytons "creditors" believe in the NI industry and NP rebound LT and are investing LT in cheap undervalued Ni stocks.

For MBN this means that their attitude is positive for MBN and they will stay the course until NP rebounds.