I'd say that he is in RNI to make a substantial profit as a...

I'd say that he is in RNI to make a substantial profit as a decent-sized shareholder.
I totally agree.... that's why I say he's in the mix and not sitting on the sidelines.

I don't see MF as being the corporate raider but rather the internal white knight making a 2nd offer with an alternative, credible proposition i.e. a transaction has been offered to RNI by whoever and MF/Investmet/etc has possibly offered up a defensive transaction to protect and enhance his position. In that scenario the same solicitors could be used. The key also is what could MF offer that anyone else can't? Horseshoe Lights mine perhaps.

Whatever is happening behind the scenes at RNI augers well for a new copper mine in the western Bryah Basin, which makes HSL more valuable as a feed source.