Merrill Lynch has over 2 trillion under management. It lost a lot of skin when it steered its investors away from EV (Tesla). So I suspect that it is looking to save face by being strategic in the same space. What better than to take a controlling interest in the largest cobalt reserve in the developed world. ML is playing a stealthy long term game, and this is the first indication that they are seriously accumulating. Greenstone still has 1.3 million options, that will likely go to the same purchaser. Are Heron's shares still available? Who has instinet been buying for? Is ML doing the same thing with other minor cobalt plays?? I think that the SPP and the following sophisticated investor placements was a way to hedge against companies like ML.
IMHO
DYOR
BE
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