From Morgan Stanley's website.

Algorithms

Morgan Stanley Electronic Trading understands the value of simplicity and ease of use. We designed our algorithms to minimize market impact in today’s highly evolved trading environment. Our Benchmark Execution Strategies (BXS) algorithm aims to systematically minimize execution shortfall relative to a specified benchmark, such as VWAP, TWAP, Arrival Price, Price React, Target Percentage of Volume, Volume Dispense, or Close.

Other algorithmic strategies selectively choose destinations for liquidity to minimize information leakage. Designed to produce reliable results, our algorithms are also flexible to client needs. Our team of coverage support works with each client and can assist the client to determine an optimal choice for each trade.

As they state on their site under the header alorithms, " minimize market impact". They want to buy large blocks and keep the price from increasing. It would be interesting to find out who their client is for this large buy. It seems not everyone got to participate in the pp so they are buying on the open market using the tools of the trade.

Well...if you google , "Cliff Natural resources and Morgan Stanley" you will find many articles. Morgan stanley has an analyst covering Cliff. Is Cliff Natural Resourcess buying Probe shares via Morgan Stanley? Just a wild guse on my part.

Morgan Stanley is also very bulish on gold and Probe has a lot to offer. Perhaps they are simply investing in a great company.

rosehill