Ann: Change in substantial holding, page-3

This letter was sent from Philip Lucas of Allion Partners. He's actually just been made a new independent non executive director of Sayona Mining.

They're all known to each other and interconnected at this level in the industry it would seem. He must be a busy man...


So, has Hancock Prospecting bought the 10.69% or the Hope Margaret Hancock Trust? Is Bianca Rinehart claiming the shares under the tust instead now? Or are they being transferred to the trust as owner rather than Hancock directly?

Can someone with more knowledge on this shed some light here on what this announcement means?