My reading of Twiggy's involvement in HAS is a little different....

My reading of Twiggy's involvement in HAS is a little different. It is NOT a shareholding. He has loaned HAS $150M by way of convertible bonds that are paying him 11.4%pa in interest (nice return if you can find it). The funds are to be used for, and are secured against, the purchase of a 22.1% interest in a European rare earth processing company called Neo Performance Materials Inc. The involvement of NEO also suggests that this is a strategic move that has been in the pipeline far longer than a month. It is a step toward an integrated rare earth mining/ end product solution.

I think it is far more to do with Twiggy's quest to deliver a complete green energy solution - helping address potential supply chain issues - and less to do with HAS presenting as a good RE investment and a move into the mining of rare earths. It is similar to other Twiggy investments like the Williams Advanced Engineering company to secure cutting edge battery tech.