holders have a gun to their head, double down or quick death by dilution... for only $8M after fees and plenty of opions now at 50c capping any upside. Hate to even contemplate the dilution to repay Twig's $225m less whatever NeoP is worth in 18 months time. All the while new projects with better economics, more credible US funding and pathway to production are being drilled and studied up. Meanwhile, brokers now dropping LT NdPr prices to US$75/kg in recognition of the oversupply and subsidised future of rare earth production...
Not good for HAS obviously... CR to a handful of friendly underwriters, marginal opex, negative NPV at likely future prices, huge debt overhang was always a high risk gamble for government grants hail mary. warnings were made, the gamble was well laid out on HC.
Still, GLTAH.
HAS Price at posting:
45.0¢ Sentiment: None Disclosure: Not Held
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