Ann: Renounceable Rights Issue to Support Yangibana Development, page-36

It's always been part of the strategy to hold long-term. The ownership of the NEO shares is strategic and gives HAS a pathway into the EU via the permanent magnet factory it's building in Estonia. You may recall that the HAS senior management team were present when they broke ground at the site: https://hastingstechmetals.com/mine-to-magnet/

HAS has also began to court the Estonian Government: https://www.mining-technology.com/news/hastings-partners-estonia-ree-processing/

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I know that there are many who are unimpressed with the progress HAS has made in the past few years. Fair enough too, the share price is cooked. However, there is a long-term strategy in place and it's rather well developed. The ultimate goal is to be a mine to magnet operation but it is a serious test of one's patience waiting for them to get the mine up and running and that's if they don't go belly up before getting the finance to fund the operation.