To be clear, the 10% placement facility removed from the agenda would have been in addition to the existing 15% placement facility. Hence the talk around a potential $50-$55m raising if AVZ were to run out of cash.
I haven't followed HC over the past month, so I'm not sure if this has been discussed recently, but I believe the "he" behind Dathomir is Min Guo Wei, deputy general manager of China First Railway Corporation.
AVZ Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held