Full ASX release here
Wyloo takes over as project manager and wipes $135m of Hastings’ debt by redeeming their exchangeable notes. Hastings shifts focus to Brockman (HREE/niobium) and gold exploration.
So this is good for Twiggy: he gets control of Yangibana. But is this good for Hastings shareholders? Dunno. Debt cleared, but they give up majority control of the flagship project.
This power that Twiggy had over HAS was one of the reasons I didn't invest. Not sure now. Might have another look.
Has anyone done much research on Hastings? Espeically on Brockman and their gold exploration projects?
Wyloo takes over as project manager and wipes $135m of Hastings’ debt by redeeming their exchangeable notes. Hastings shifts focus to Brockman (HREE/niobium) and gold exploration.
So this is good for Twiggy: he gets control of Yangibana. But is this good for Hastings shareholders? Dunno. Debt cleared, but they give up majority control of the flagship project.
This power that Twiggy had over HAS was one of the reasons I didn't invest. Not sure now. Might have another look.
Has anyone done much research on Hastings? Espeically on Brockman and their gold exploration projects?
