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
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.
: 0.20, 0.175, 0.15, 0.125 & 0.10.
: 0.25, 0.30, 0.35, 0.40, 0.45 & clear.