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Hiru Corporation (HIRU) RSS Feed

Followers
623
Posters
Posts (Today)
1
Posts (Total)
74153
Created
09/09/08
Type
Free
Moderators waterchaser Smokin1000 portcitybob Nebuchadnezzar JohnnyRothrock Viewmont

 
https://www.otcmarkets.com/stock/HIRU/security 

Principal Executive Offices:
500 S Australian Ave, Suite 600
West Palm Beach, FL 33401
954-837-6833

corporate@otchiru.com
https://www.otchiru.com/
twitter.com/Hirucorpnew  

 
 
Authorized Shares
3,888,000,000 - 07/19/2024
Outstanding Shares
2,693,425,394 - 07/19/2024
Restricted
8,037,547 - 07/19/2024
Unrestricted
2,685,387,847 - 07/19/2024
Held at DTC
2,182,545,401 - 07/19/2024
Float
1,932,545,401 - 10/05/2023

 
 
HIRU Corporation – Disclosures https://www.otcmarkets.com/stock/HIRU/disclosure
 
There are 2 deals closing,
The 1st one is the sale of 5 million preferred shares or essentially 100% of the control block of the HIRU company.
This closing is set for the end of July, or 1st week in August 2024. A substantial 6 figure deposit was made by the Qatar group towards the purchase price.
The 2nd closing is one, or several currently operating mines owned by the buyers group.

This will be handled by the new preferred owner (shareholder) legal team in accordance with international laws and those that apply to Qatar (buyer),
Australia (mine location), and USA (Hiru Holding Co) .
We are told the 2nd mine closing will happen relatively shortly, as soon as new management takes over.


Re Australia mine 170 mill assets!!(Our advisors were told by the sheiks accountant) sheik (majority shareholder)



For the asset valuation and audit:

Grant Thornton have provided a letter dated 19.07.2023 signing off on a valuation of $176,217,000 for Mine Properties, Plant and Equipment as was recognized in the Statement of
Financial Position as of the 31 of December 2022. An Insurance Valuation report from 2011, accompanied by a letter from them dated 19.07.2023 verifying this.
The policy has a Declared Value for physical assets of $271,943,500 with coverage provided on a Reinstatement and Replacement basis. T
here is also an independent valuation from a company called RSM Corporate Australia. They are global, have 57000 employees, in 830 offices, in 120 countries around the world.
They are very similar in size to Grant Thornton but independent of them. They set a midpoint value of AUD $189.1m ($122.4m USD).

For the company evaluation:
Base value of AUD $342m excluding any value for additional exploration success. The inground value of the JORC resource (30Million Tons @ 1% nickel, Nickel price of
USD$20,000) is currently about USD$6B. Currently to mine at 1MT per year, the reserve is about 15 years, which can be easily doubled. The resource is likely 10 times bigger. Recovery
will be over 80% and the cost to run the mine is under AUD$100M a year, (should be about AUD$80M.) This suggests a profit of 100-200M a year if nickel prices are mid-range. If Nickel
goes up it is a bonus. The Mill cost about AUD$400,000 to build in 2008-9 and is excellent condition, operating now. Today of course it would cost a lot more to build.

We will reach 1.2 times name plate within 12 months and the market value of the project will exceed USD$1B, which will increase with time.
Upon completion of the transaction the issuer intends to file an SEC summary and will furnish OTC Markets with the entire docket of confidential documents for the verification of the incoming management.



HIRU Corporationotcmarkets.com/stock/HIRU/news 

HIRU CORPORATION - New Product Branding on the East Coast
 Press Release | 10/06/2023

HIRU CORPORATION - Future Director of Operations Press Release | 10/05/2023

HIRU CORPORATION - 2nd Quarter Ended June 30, 2023 Financial Results Press Release | 08/04/2023

Share Buy-Back Program Press Release | 05/17/2023
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