Just in case anyone did not read the financial media's reporting of the costs blow out and viability of HAS' projects:
https://www.copyright link/companies/mining/hastings-shares-slide-after-warning-on-rare-earths-project-cost-jump-20230531-p5dcwh
Long term holders have every right to feel aggrieved, but there is arguably value here and the Board have skin in the game which I always like (I am on too many companies that Boards excessively award themselves and employees too many diluting awards ahead of profitability - a common US tech trend that takes its toll on the share price).
Expect it to bounce in the next day or two's trading myself.
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Buyers (Bids)
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6 | 134594 | 0.215 |
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11 | 139450 | 0.200 |
Price($) | Vol. | No. |
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0.225 | 20634 | 4 |
0.230 | 165343 | 10 |
0.235 | 226201 | 6 |
0.240 | 123158 | 6 |
0.245 | 22415 | 2 |
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Change
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