It's fantastic to see Hastings commitment to their loyal shareholders, prioritising their interests over seeking immediate large institutional investments. The structure, with Canaccord stepping in to cover any gaps, is solid and reassuring. The fact that the chair has injected an additional $3 million and senior management is meeting their current holdings is commendable and suggests this isn't a "lifestyle for directors" company. With this infusion of capital, the company is poised for success, paving the way for Hastings to reach the eagerly anticipated Final Investment Decision (FID) milestone!
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