The solicitors instructed by RNI have acted for Galaxy (MF) and also Windward (Bronwyn Barnes, associated with MF) in respect of M&A, so I would not expect RNI to instruct them if MF was attempting a serious corporate move.
I'd say that he is in RNI to make a substantial profit as a decent-sized shareholder. He is not alone there. There are other large to largish shareholders, including Rob Martin (biggest holder and a D too) and a combo of MLX and WGX with associates. In fact there are 4 listed exploration/mining companies that have top 30 holdings.
2017 Outlook, page-112
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Mkt cap ! $4.642M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3039777 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 3628585 | 2 |
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