This sound like a fantastic deal for Hastings!
Yes, they are selling 60% of their Yangibana Project. But in exchange for the $200 million exchangeable note for the Neo shares. On top of that, Twiggy will cover 60% of the remaining CapEx, contributing $190 million (60% of $316 million) to develop the project.
Hastings will still retain 40% of all revenues from Yangibana, while the project itself is now significantly de-risked thanks to a strong partner like Wyloo and their solid balance sheet.
Additionally, Hastings keeps control of assets and tenements outside of Yangibana, including Ark Gold and Brockman (which holds heavy rare earths).
This sound like a fantastic deal for Hastings!Yes, they are...
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.77M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 29.0¢ | $34.36K | 118.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17562 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 74302 | 4 |
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| Last trade - 11.43am 17/06/2025 (20 minute delay) ? |
| HAS (ASX) Chart |