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3.39%

28.5¢ hastings technology metals ltd

Ann: To Acquire Shareholding in NEO - Investment in HAS by Wyloo, page-44

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108

30/08/22

11:53

Post #: 63404886
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Originally posted by Montalbano: ↑

There were widespread falls in the ASX yesterday, across all sectors.
Many explorers & incipient mining producers fall yesterday by c. 4%-5%- but HAS was one of the very few whose SP rose. Clearly, the market regards very positively the HAS/Wyloo buying of 22% of NEO.

It should also be noted that, obviously, Andrew Forrest is a vey canny & successful investor- using his own funds, a $150m loan to HAS, shows his strong interest in RE-he would have done his DD on HAS, & its mining resources & strategies.

It is reasonable to expect Wyloo, also, seek equity in HAS sometime in the future- which will boost the SP of HAS, if only because it has such an extremely wealthy backe.
There is the possibility, of course, that Wyloo will provide debt funding, on very attractive terms for HAS, for Yangibana's development

C. Ecclestone was also very positive, re the Wyloo connection to HAS, when he said

https://investorintel.com/markets/technology-metals/technology-metals-intel/neo-performance-and-hastings-will-wonders-never-cease/

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I believe that Wyloo would already be on the share register and quietly acquiring shares. Stay tuned for a potential substantial shareholder notice in the future.

HAS Price at posting: $5.44 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 28.5¢		Change -0.010(3.39%)		Mkt cap ! $51.53M

Open	High	Low	Value	Volume
29.0¢	29.0¢	28.0¢	$23.83K	84.08K

Buyers (Bids)

No.	Vol.	Price($)
1	5000	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	12092	2

View Market Depth

No.	Vol.	Price($)
1	5000	0.280
2	54000	0.270
6	232100	0.260
2	15768	0.255
15	175724	0.250

Price($)	Vol.	No.
0.285	12092	2
0.300	10000	1
0.310	198209	3
0.320	32167	4
0.325	10599	1

Last trade - 16.10pm 11/11/2024 (20 minute delay)

HAS (ASX) Chart

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