AUZ 10.0% 1.1¢ australian mines limited

The Hancocks are back, and bolder than ever. It is not secret...

  1. 205 Posts.
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    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%.

    https://www.ginarinehart.com.au/gina-rineharts-big-lithium-play-with-vulcan-energy-resources-paying-off/

    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.


 
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