Ann: RIU - HAS Yangibana JV with Wyloo, page-41

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20/04/25

10:21

Post #: 78746675
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Originally posted by xxLiONxx: ↑

Last few days have been quite unusual to say the least. We are in a different world today as compared to when this Wyloo deal was agreed.

Here is what I think is the status today

a) 19.9% interest in NEO is already gone to Wyloo - That SPA was executed so Hastings has lost that upside (NEO shares have gone up 16% after Wyloo acquired them from Hastings)

b) Hastings still has around 623K shares of NEO which have now gone up by $1million AUD. So instead of $6M they are not worth $7M. I think these will keep rising further due to trade war. Neo is a bloody good business... Hastings owe $6 to Wyloo and they can sell these shares for lets say $8M in weeks to come and pocket the extra $2M

c) This is the biggest asset of value - the 60% share in Yangibana that is proposed to be given to Wyloo in satisfaction of remaining value of exchange notes. This asset is worth a lot more TODAY than it was few weeks ago. The term sheet that was signed by NON-BINDING and a JV agreement is being negotiated and subject to approval by shareholders.

My point is ... Is Charles going to negotiate a better deal here given the landscape has changed????

Can the Saudi's (or someone else) give Hastings a better deal for 60% share so charles can settle the wyloo exchange note and pocket another $30M to pay for the equity needed for stage 1???

60% Yangibana is worth more today for sure.

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exactly!

Thank you for your contribution.

As one of shareholders, currently I oppose the deal last few weeks ago.

HAS Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 29.5¢		Change -0.005(1.67%)		Mkt cap ! $53.82M

Open	High	Low	Value	Volume
29.0¢	29.5¢	28.5¢	$17.96K	61.92K

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No.	Vol.	Price($)
10	83975	28.5¢

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Price($)	Vol.	No.
29.5¢	55119	5

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No.	Vol.	Price($)
10	83975	0.285
7	148909	0.280
4	67290	0.275
4	73500	0.270
3	24810	0.260

Price($)	Vol.	No.
0.295	56119	6
0.300	87607	9
0.305	119001	3
0.310	83877	6
0.315	58894	2

Last trade - 13.49pm 16/06/2025 (20 minute delay)

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Ann: RIU - HAS Yangibana JV with Wyloo, page-41

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