Let me get right to it. Today I have an interesting ‘risk-arbitrage’ play (aka merger-arbitrage – a strategy that speculates on the completion of a merger or acquisition) for speculators that I believe offers positive asymmetry (low risk – high reward) in the battery metals space. Here’s some context. . . Two days ago – Cobalt 27 announced that they entered into an agreement in which they would be acquired by Pala Investments for C$501 million Canadian dollars – or a 66% premium at the time of the offer. (Cobalt 27 is basically a company that raised cash to buy physical cobalt and store it in a warehouse. They also ... (full story)