Ann: Change in substantial holding from HHV, page-5

Well, it’s taken only 13 business days for 25mn shares to change hands, so maybe not that long… A full exit of a substantial shareholder such as HH would definitely not be a good sign, though.

For the sake of full disclosure, I have sold out of my whole position (I would have probably been in the Top 20) since the release of the PFS results. Don’t think this is necessarily the end for AQQ, but the economics of this project are definitely no longer the same as originally envisaged in the 2016 Beer & Co estimates, hence I had to reassess my investment rationale accordingly and concluded that the risk/reward just wasn’t attractive enough anymore.

Good luck to all holders.