RE: Asset Valuation5 Jul 2022 20:25
So this is playing out as expected:
23 Jun 2022 Hastings to Acquire 30% Yangibana Joint Venture Interest
04 Jul 2022 Hastings Strategic Direction and Financing Update
However, **in recent weeks**, Hastings received alternative funding proposals from strategic parties that are currently being evaluated and which may substantially alter the proposed final funding and debt-equity structure for the Yangibana Rare Earths Project. With the strong projected demand growth for permanent magnets and therefore NdPr over the next decade, some of the funding discussions revolve around the opportunities emerging for Hastings to participate in downstream processing facilities in Europe.
That JV must have been blocking any new funding and why, well we are on the cusp of a historic transition to EVs and recent news is backing this up with companies now realising they need those critical elements - linear thinkers need to wake up:
BYD Surpasses Tesla to Rank Top in Global EV Sales in H1
Who saw that coming, sorry who else!
Battery tech has developed a couple of years ahead of time and now the cars are rolling off the production lines. there's going to be winners and losers big names will disappear like it's happened with every past disruption and the winners will need plenty of lithium and permanent magnets.
Detroit — Bank of America's annual "Car Wars" study predicts General Motors Co. and Ford Motor Co. will surpass Tesla Inc. in electric-vehicle sales by 2025 as traditional automakers claim more of the market pioneered by the Texas-based EV maker.
Volkswagen will beat Tesla by 2025, says its Chairman
During a meeting at the company’s headquarters in Germany, Diess said Tesla will lose its strength trying to ramp up two gigafactories one in Austin, Texas and the other in Grunheide, Germany, a media report said. He sees this as an opportunity to take the lead, as Volkswagen is running at full capacity
Well, that's all very interesting and I'm sure you could add several more with the same ambition.
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