The selling has been relentless since releasing YB study. I...

The selling has been relentless since releasing YB study. I think the reason can be found in here. Stakeholders want in as cheap as possible. I think price around 30 cts should now be a good entry point. What do LongTermers think? I also think once funding is sorted we should climb back up towards 40 cts and above.



Hastings currently has a market capitalisation of approximately A$230m, with A$18m in the bank and no debt. It has a track record of raising A$46m of equity capital since May 2014 and is confident that it will continue to be able to raise the remaining equity capital needed for the Project’s capital costs. The company has also undertaken discussions with financial institutions since the completion of the PFS in June 2016, and these discussions will proceed to more formal levels once these institutions have access to the completed DFS. Presently the DFS anticipates a debt-to-equity split of 65%-35%, however this ratio may change depending on advancing negotiations including terms and conditions of loan facilities. Any change in the debt-to-equity ratio may impact the dilution realised by current and future equity investors and will change the overall cost of capital for the Company.