HAS 3.70% 26.0¢ hastings technology metals ltd

HASR, page-29

  1. 311 Posts.
    lightbulb Created with Sketch. 32
    No need to be rude on here folks. Without question hours of effort spent to confuse the public - beggars belief as to why ? Unfortunately his thesis is full of holes.

    Generally, at maturity a bunch of things could happen, conversion of notes into shares, the issuer (HAS subsidiary rep in this case) redeems the notes at face value (ie. $150mill) or maybe both parties agree to extend the maturity of the notes, or.....or.... and or....; there are a multitude of possibilities......however the messiah wants us all to focus on a single outcome - solely at the choosing and discretion of Wyloo (the holder of the notes) is bloody laughable.

    The reality is specified in the key terms of this note agreement. Maybe redeem, highly doubtful, but most likely conversion of notes into shares. Forcement by the holders (Wyloo) to repay cash is NOT POSSIBLE! This is as much an investment as it is a loan.

    No argument, with the sp at its current value the investment doesn't look great presently however I am sure Twiggy's time horizon longer than most (...certainly the messiahs)


    Last edited by jv123: 13/04/24
 
watchlist Created with Sketch. Add HAS (ASX) to my watchlist
(20min delay)
Last
26.0¢
Change
-0.010(3.70%)
Mkt cap ! $45.85M
Open High Low Value Volume
27.5¢ 27.5¢ 26.0¢ $163.9K 623.1K

Buyers (Bids)

No. Vol. Price($)
5 178052 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 10721 1
View Market Depth
Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
HAS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.