Hastings Rare Metals’ Shares Soar in Afternoon Trading.

Hastings Rare Metals  Limited’s (ASX: HAS) stock is up 7.69% in afternoon trading and shares are currently trading at AUD$0.14 with a market capitalization of AUD$10 million. This morning Hastings released a letter to shareholders commenting on their accomplishments over the last year along with a strategic plan for the remainder of 2012. I personally am a fan of their Technical Director Steve Mackowski because he is one of the few qualified engineers in mineral processing with over 30 years technical and operational experience in rare earths. I enjoyed his interview on SquawkBox last week about the rare earth markets outside of China. (See below to access the video.)