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30.5¢ hastings technology metals ltd

Did they gamble on Wyloo wanting to convert? 150 million is a...

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brahms

2,852 Posts.

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17/04/24

16:45

Post #: 73391798
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Originally posted by simonj888: ↑

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/

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.neomaterials.com/wp-content/uploads/2024/03/Neo_Investor_Presentation.pdf

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.

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Did they gamble on Wyloo wanting to convert? 150 million is a lot to find even if it is a couple of years away. Plus they have to finance the mine.

HAS Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 30.5¢		Change 0.000(0.00%)		Mkt cap ! $53.79M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	279	31.5¢

Sellers (Offers)

Price($)	Vol.	No.
30.5¢	5000	1

View Market Depth

No.	Vol.	Price($)
1	279	0.315
2	15410	0.310
6	46779	0.305
16	470861	0.300
3	194100	0.295

Price($)	Vol.	No.
0.280	287	1
0.305	5000	1
0.310	2498	2
0.320	31250	1
0.330	6725	2

Last trade - 09.43am 06/05/2024 (20 minute delay)


Last 31.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
31.0¢	31.0¢		31.0¢	1933
Last updated 10.05am 06/05/2024 ?

HAS (ASX) Chart

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