Oaktree made a announcement which included resignation of their Boards reps, whether Neo move to invite HAS representation might be first indication where this is headed, bearing in mind the scars from Nick Curtis' move on AMR near 20yrs ago.
Flip side is Con K supporting commentary in recent QR where he acknowledges Neo SP has underperformed and a supply deal being negotiated would be highly likely to add value:
"We also aim to further diversify our sources of raw materials, and we have significant experience in assessing strategic mineral resources around the world."
"I'd like to share that we are in the late stage efforts for potential transaction that would provide Neo with rights to very attractive magnetic materials rich mineral resource. This type of diversification would further and ideally complement our current European rare earth magnet growth strategy."
Also contains some very interesting mkt commentary, and in the Q&A a broad outline of proposed NdFeB manufacture Estonia.
Hell of a lot of water to run under the bridge here but clearly a supply agreement adds considerable value to both entities both individually & the sum of the whole.
Meantime, as emphasised by HAS, they need to get their Yangibana funding completed, engagement with Neo & Twiggy certainly should add weight to any proposition they've got on the table, next few months will be particularly interesting.
HAS Price at posting:
$4.94 Sentiment: Buy Disclosure: Held
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