The Hancocks are back, and bolder than ever. It is not secret that Gina Rineheart holds a big chunk of our $500m neighbour Brazilian Rare Earth (ASX:BRE)
Now John Hancock through his closely related entity Lind Partners converted their subscription notice for a big chunk of ownership in AUZ. The subscription notice was back in Sconi days, before it was a debt instrument but now only converted to equity after AUZ have entered into REE being next to BRE.
The last time there was a family feud like this, was on a stock called Vulcan energy which sent the stock flying over 2000%.
It is important to note that Lind were debt holders, and now they decided to become equity holders. They were one of the largest shareholders in a few lithium stocks for many years. Now the thematic is Rare Earth.
They are very familiar with Brazil, being a 6% owner in LRS for a long time and made a lot of money. AUZ is next
AUZ all the boxes ticked.
Will the Mum start buying now? Lets see, I have a feeling she will.
AUZ Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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