Hi
i like your research.
Based on the numbers you provided, it does look HAS has a more shallow reserve than ARU.
why did Andrew invest in HAS to buy NEO?
Also, Neo is generating a profit YoY.
Neo sp is also down, maybe due to decline rare earth.
i dont understand why rare earth price is down.
If lithium for EVs is up, why is rare earth down? Don't they need it just as much for the magnet in motor and turbines?
also, can someone explain to me about the funding below with $5.50 per share exchange......does that mean Andrew thinks it can exchange the notes for 5.50 share cos he thinks share can go over 5.50 in the future.
also, what do they mean :
Notes will earn an annual coupon equivalent to the three-month bank bill swap rate plus 9.0%. Did HAS shareholders get a bad deal?
I think, this share can go very low in this volatile market . Its not producing, dont know when it will be producing.
If other profit making miners like AKE and PLS can go down ...... HAS will drop too. But they are difference in that producers bounce straight back on green days.
i think, as long HAS keeps to it schedule to become a producer and hold NEO shares 22.1%, it should hover at a fair price. It maybe $2.50, $3 or $3.40. Feels like it can drop more still.
i would like to understand why rare earth is down and what is driving it down. I understand the demand for lithium and very confident in all my lithium stocks to bounce back.
all my material stocks outside of lithium have done very bad, some down 75% nickel stocks and rare earth stocks 20% and iron ore stocks 15 to 20%.
Wyloo’s investment is in the form of $150 million in secured, exchangeable notes (Notes), the proceeds of which will be used by Hastings to acquire a 22.1% equity interest in TSX-listed Neo Performance Materials Inc. (Neo) from an affiliate of Oaktree Capital Management, L.P. (Oaktree).
The Notes will have a term of three years and will be exchangeable, at any time after 60 days, into Hastings ordinary shares at an exchange price of $5.50 per share. The Notes will earn an annual coupon equivalent to the three-month bank bill swap rate plus 9.0%, payable in kind via the issue of additional notes
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