Date of Data Capture:
18/08/2021
Name:
HASTINGS TECHNOLOGY METALS LTD (HAS)
Classification:
Rare Earth Minerals
Current Price:
$0.21
Market Capitalisation:
$365 M
Forecast EBITDA Growth:
0% (First Production 2023)
Yield Estimate:
0%
Consensus Price Target:
$0.33
# Covering Analysts:
2
Discount at Current Price:
-57.14%
Price Target Trend (3-Month):
Up-Flat +10%
Signal Timeframe:
Quarterly-Monthly-Weekly
Trend Bias:
Up-Flat / Long-Medium
Indicators:
Short-term:
Positive-Neutral
Medium-term:
Positive
Long-term:
Positive
Recommendation:
Buy
Focus:
Capital Growth
Set up Notes:
• This is an early-stage investment into Australia’s highest grade undeveloped rare earths resource that is aiming to initiate first production by mid-2023 - excellent timing within a strong sector.
• There is no performance yet to speak of, with first cash flow expected 2023, but milestones are being met with multiple offtake agreements now signed and reserves upgraded to a 15 year LOM.
• This very pretty chart shows the strong rally from 2017 peaking in 2018, then consolidating hard into the 2020 lows before rallying through resistance, setting up here on good momentum.
Support ($): 0.20, 0.175, 0.15, 0.125 & 0.10.
Resistance ($): 0.25, 0.30, 0.35, 0.40, 0.45 & clear.
