roh,
Take the blinkers off. Its about the money.
M&G vigourously sold DML from 1.20 to .9 recently. Then buying into a tight register of CDU would have leveraged up their entire position.
They could have taken a hit on DML but net:net effectively doubled the value of their copper holdings. Smart positioning.
M&G are nobodies friend, good luck to them.
If there is any good news here, they won't want to be selling less than $5. So the headroom they have to 19.9% will be used to maintain the price within reasonable bound around $5.
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