Ann: Hastings Commences Major Drilling Program at Yangibana, page-7

More patience required here, extremely complex situation pulling the funding together and obviously current CV situation not helping.

Critical thing here is they appear to hold the key building blocks of a real business, economic resource, finance, ROW customer base & competent Mgt with skin in the game.

Should they pull all that together in coming months they will definitely rerate from the numerous wannabes in the space, meantime there's an interesting predator out there holding ~10m short well underwater, to what purpose?

Thinking there is a lot of potential upside here, from multiple points, some patience required to see this play out. FWIW held this briefly 2011 for a small loss, never thought I'd buy back in, but the first real LT ROW offtake in basically a decade is compelling.