I read through the 35 pages long Boatman Report on AVZ Minerals in July 2019. Link here
Apart from Dathomir being the shell company, Cong Mao Huai having a close relationship with DRC authorities and he is called the 'godfather' of Chinese mining deals in DRC, my largest concern is that:
According to AVZ 2018 annual report Link here, Dathomir Mining Resources was one of our substantial shareholders holding 240m shares or 12.71%. It also shows on page 16 in Feb 2019 SPP Prospectus Link here.
Can someone please remind me of where Dathomir went?
I didn't find an announcement saying something like 'Dathomir ceasing to be a substantial holder.'
Thank you.
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held