Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Already have it marked on my calendar. It maybe moving slow now but I am counting on it being the next OTC stock to be talked about for years to come like people still talk about some of the great runs from 2021. It has the potential we just need people to believe it has the potential because the price is not going to move itself, people have to buy and hold.
Title: HIRU Corporation: A Closer Look at Near-Term Potential Amid Long-Term Plans
Recent announcements from Hiru Corporation (OTC: HIRU) have sparked both excitement and concern among investors. While the company's 5-year exploration timeline for one of its mining projects suggests a long-term play, there are several factors that could drive significant stock price movement in the shorter term. Recent developments from Hiru have significantly strengthened its position in the mining sector, with fully funded exploration projects and exclusive mining rights adding substantial value to its already diverse portfolio.
Let's examine what investors might expect in the coming months, particularly if HIRU gains access to OTCIQ.
Understanding HIRU's Expanded Asset Base:
It's crucial to recognize that HIRU's value isn't solely tied to immediate revenue generation. The company has hinted at multiple mining interests beyond the 5-year exploration project, including:
1. The Balfour Project in Tasmania (estimated value: AU$191.5-446.7 million)
2. Potential acquisition of the Avebury Nickel Mine (annual revenue potential: US$204-216 million)
3. Ongoing exploration in Liberia
4. New Pride Copper Project in Arizona (with substantial copper and gold values)
5. Khartoum Project in North Queensland, Australia (significant tin and tungsten mineralization)
6. Austrian Lithium Project (high-grade lithium assays)
7. Gold trading and processing operations in Dubai
8. Freight and warehouse services across North America
These assets, even in exploratory stages, contribute significantly to HIRU's overall valuation.
Key Recent Developments:
1. Exclusive Mining Rights: HIRU has secured exclusive rights to explore, develop, and exploit mineral resources in the Balfour Project concession area in Western Tasmania.
2. Fully Funded Exploration: The company has taken full responsibility for funding and managing exploration and mining operations at the Balfour Project.
3. Innovative Financing: HIRU completed a complex financial arrangement described as an "off the market traditional PIPE type financial arrangement with a credit derivative swap," demonstrating its ability to secure funding through sophisticated means.
4. Additional Investment: CEO Sheikh Khalid Nasser Al Thani has committed to injecting an additional $3-5 million, further solidifying the company's financial position.
These developments, combined with HIRU's existing portfolio, significantly enhance the company's near-term and long-term prospects.
The OTCIQ Catalyst:
Gaining access to OTCIQ could be a significant near-term catalyst for HIRU. This access would allow for more timely and transparent financial reporting, potentially boosting investor confidence. Assuming HIRU receives OTCIQ access, here's a speculative outlook for the coming months:
October 2024:
With OTCIQ access granted, HIRU could see an initial surge in investor interest. The improved transparency and ability to file reports more efficiently could drive the stock price to the $0.007-$0.015 range, representing a 185-328% increase from the current $0.0035 price.
- Conservative: $0.007-$0.009
- Moderate: $0.01-$0.015
- *Optimistic: $0.018-$0.022
Rationale: The fully funded status of the Balfour Project and exclusive mining rights could drive increased investor confidence.
November 2024:
As HIRU leverages OTCIQ to provide more detailed updates on its various projects, particularly any progress on the Avebury Nickel Mine acquisition or Balfour Project developments, we could see the stock push towards the $0.012-$0.03 range. This would represent a 471-757% increase from current levels.
- Conservative: $0.012-$0.016
- Moderate: $0.02-$0.03
-*Optimistic: $0.035-$0.045
Rationale: Potential updates on the progress of the Balfour Project exploration and the impact of the CEO's additional investment could further boost the stock.
December 2024:
By year-end, if HIRU continues to demonstrate progress and perhaps announces concrete steps in its mining operations or additional asset acquisitions, the stock could potentially reach the $0.025-$0.07 range. This would be a 1,328-1,900% increase from current prices.
-Conservative: $0.025-$0.035
-Moderate: $0.05-$0.07
-*Optimistic: $0.08-$0.10
Rationale: By year-end, initial exploration results from Balfour and potential updates on other projects could drive substantial value recognition.
Factors Driving Near-Term Valuation:
1. Fully Funded Exploration: This significantly reduces financial risk and demonstrates the company's ability to execute its plans.
2. Exclusive Mining Rights: Secure access to potentially valuable mineral resources adds tangible value to HIRU's asset base.
3. Innovative Financing: The company's ability to secure complex financial arrangements speaks to its creditworthiness and financial sophistication.
4. CEO's Personal Investment: The additional $3-5 million injection from the CEO signals strong confidence in the company's prospects.
5. Asset Valuation: The diverse portfolio across multiple continents provides multiple avenues for value realization. As HIRU provides more details about its mining assets, the market may begin to price in a fraction of these assets' potential value.
6. Management Execution: Demonstrations of the management team's ability to execute on plans will be crucial.
7. Global Presence: Operations spanning Africa, Australia, Europe, and North America reduce geographic risk.
8. Commodity Diversification: Involvement in copper, gold, nickel, tin, tungsten, and lithium provides a hedge against individual commodity price fluctuations.
9. Social Responsibility: Mr. Molebatsi's focus on community development aligns with growing investor interest in ESG factors.
9. Regulatory Compliance: Improved reporting through OTCIQ could reduce regulatory concerns.
10. Investor Awareness: Increased transparency often leads to greater investor interest and coverage.
11. Potential Catalysts: Any announcements regarding new acquisitions, partnerships, or resource discoveries could significantly impact the stock price.
Risks and Considerations:
-The highly speculative nature of penny stocks
-Regulatory and operational challenges across multiple jurisdictions
-Market volatility and the influence of broader economic factors on commodity prices
-Execution risks in managing multiple projects simultaneously
Conclusion:
HIRU's recent developments, particularly securing exclusive mining rights and fully funding the Balfour Project exploration, significantly strengthen its position in the mining sector. The innovative financing arrangements and additional investment from the CEO demonstrate the company's financial acumen and internal confidence.
While HIRU's 5-year exploration plan for one project suggests a long-term horizon, the company's diverse asset base and potential near-term catalysts present opportunities for significant stock price movement in the coming months. Access to OTCIQ could be a game-changer, providing the transparency and credibility needed to attract a broader investor base.
A key factor that further bolsters HIRU's potential is the involvement of Mr. Geoffrey Summers, a director of HIRU with significant influence in the Australian mining sector. Mr. Summers, along with his family, controls vast available resources that could be instrumental in HIRU's future success. His extensive experience in the mining industry, including previous involvement with projects like the Rogetta Iron ore project and the Avebury Nickel project, adds substantial credibility and expertise to HIRU's operations.
These factors, combined with HIRU's diverse global portfolio, position the company for potential significant near-term stock appreciation. The fully funded status of the Balfour Project reduces financial uncertainty, while the exclusive mining rights add tangible value to HIRU's asset base.
(Note: This information is speculative and based on available information. Stock price projections are based on my opinion, and investors should conduct their own research before making investment decisions.)
OTCIQ is a web-based system provided by OTC Markets Group that allows companies trading on the OTC markets to manage their market data, company information, and financial disclosures. Here are some key benefits:
- Compliance: It helps companies stay compliant with OTC Markets' disclosure requirements, which is crucial for maintaining their trading status.
- Transparency: It allows companies to easily publish and distribute their financial reports, news, and other important information to investors.
- Investor Relations: Companies can manage their investor relations more effectively by having a centralized platform to communicate with shareholders.
- Cost-Effective: It's generally a more cost-effective way for smaller companies to maintain their public status compared to being listed on major exchanges.
- Flexibility: It offers more flexibility in terms of reporting and compliance requirements compared to major exchanges, which can be beneficial for smaller or growing companies.
- Global Visibility: It can provide exposure to international investors, as OTC markets are accessible globally.
- Stepping Stone: For some companies, being on OTCIQ can be a stepping stone towards eventually listing on a major exchange.
In the context of HIRU, the company is working "to up-list and dual list their US co." This suggests that they may be using OTC markets as a stepping stone towards listing on larger exchanges, possibly in both the US and internationally (given the mention of Qatar).
But getting access to OTCIQ is needed because without being able to upload documents the company will loss the OTC Pink current status, the minimum tier as far as OTC. When they say up-list it does not always mean NASDAQ it could be OTCQX or OTCQB. OTCQX and OTCQB are specific tiers within the OTC Markets, and they offer distinct benefits over the basic OTC Pink tier. But you can't move up without first starting somewhere.
You make it sound so cut and dry but it is a lot more to it than that. There is more to a company's financial statement than just revenues that make up the total value. One being tangible and intangible assets. Tangible and intangible assets are both reported on the Balance Sheet, specifically under the Assets section.
So what would those thing potentially look like for $HIRU?:
Tangible Assets:
Mining Rights: The exclusive rights to explore, develop, and exploit mineral resources in the Balfour Project concession area in Western Tasmania. This is likely the most significant tangible asset.
Equipment: Any mining or exploration equipment owned by the company, though specific details aren't provided in the given information.
Cash and Cash Equivalents: The funds raised through the PIPE transaction, though the exact amount isn't specified. Which most are looking at as a negative but actually adds value
Property: Any land or buildings owned by the company, including potential office spaces or facilities near the mining site. The have announced office in Canada
Intangible Assets:
Mineral Exploration Data: The geological data and survey results from their exploration activities. This information can be extremely valuable in the mining industry.
Partnerships and Agreements: The partnership with Zebs Minerals Pty Limited and D & B Mining Pty Limited, as well as any other strategic partnerships.
Regulatory Approvals and Permits: Any licenses, permits, or approvals obtained for their mining operations.
Future Revenue Potential: The expected future cash flows from the mining operations, once they begin production.
Valuation Considerations:
Resource Estimates: The estimated quantity and quality of minerals in the Balfour Project area will be crucial for valuation.
Exploration Stage: As HIRU is still in the exploration phase, much of its value lies in potential rather than current production.
Market Conditions: The current and projected prices for the minerals they plan to extract will significantly impact valuation.
Comparable Companies: Valuations often consider the market values of similar junior mining companies.
Funding Structure: The unique PIPE and credit-based funding structure could impact how investors value the company.
Management Team: The experience and track record of the management team.
For early-stage mining companies like HIRU, traditional valuation metrics like P/E ratios are less relevant. Instead, methods like Net Asset Value (NAV), which estimates the present value of future cash flows from the mining project, are more commonly used. The stock price will ultimately be determined by how the market perceives and values these various assets and potential, which can be quite speculative for companies in the exploration stage.
But if we were going to play around with the numbers being thrown around by Mina, the estimated in-situ value of AU$191.5 million to AU$446.7 million for the Balfour Project would be a starting point for calculating the NAV, but it would need to be adjusted for:
-The time value of money (discounting future cash flows)
-The costs of extraction and operation
-The probability of successful development
NAV per share: Once the total NAV is calculated, it can be divided by the number of outstanding shares to get a NAV per share.
Based on the information provided about HIRU's share structure and estimated project value, a very rough NAV per share calculation might look like this:
-Using the midpoint of the valuation range: AU$319.1 million
-Converting to USD (assuming 1 AUD = 0.65 USD): US$207.4 million
-Subtracting estimated development costs and liabilities (let's assume 50% of the value for illustration): US$103.7 million
-Dividing by the number of outstanding shares (2,694,524,492):
-NAV per share ˜ US$0.0385
This is a highly simplified calculation and doesn't account for many factors that would go into a proper NAV analysis. In reality, a detailed NAV calculation for HIRU would require much more information about the project's specifics, development timeline, expected costs, and future commodity prices.
Understanding the PIPE and Credit-Based Aspects:
a) Traditional PIPE (Private Investment in Public Equity):
Think of this like a special kind of fundraising for companies that are already public. Here's how it works:
Imagine a lemonade stand that's already selling shares to the public.
Instead of selling more lemonade or shares to everyone, they decide to sell a big batch of lemonade (shares) directly to a few specific customers (investors) at a special price.
This allows the company to raise money quickly without having to go through the complicated process of a public offering.
In simple terms: It's like a VIP sale of shares to select investors, helping the company raise money faster and often with less paperwork.
b) Credit Derivative Swap:
This is a bit more complex, but let's break it down:
Think of it like a special kind of insurance for loans. Instead of being based on how well the company's stock is doing, it's based on how likely the company is to pay back its debts. The better the company's reputation for paying debts (creditworthiness), the better terms they can get.
In simple terms: It's a financial tool that uses the company's reputation for paying debts as a way to get better terms on their funding.
c) Off-Market Nature:
Normally, when you buy or sell stocks, you do it through a stock exchange – think of this like a big, public marketplace. An off-market deal is more like a private sale between two parties. Instead of letting the public marketplace decide the price and terms, the company and the investors work out a deal that suits them both.
In simple terms: It's like selling your car directly to someone you know instead of putting it up for sale to the general public. This allows for more flexibility in the terms of the deal.
Putting it all together for HIRU:
HIRU seems to have created a custom financial package that:
- Raises money by selling shares to specific investors (like a PIPE)
- Uses the company's (or possibly the CEO's) good reputation for handling money to get better terms (credit derivative aspect)
- Did this as a private deal rather than through public stock markets (off-market)
This approach likely allowed HIRU to raise the money they need for their mining project without having to sell a lot of new shares to the public (which would decrease the value of existing shares). It also suggests that the investors have a lot of confidence in HIRU's ability to make good on their promises, likely due to the financial strength of the CEO and the potential of their mining project.
Overview of the Latest News:
Hiru Corporation (OTC Pink: HIRU) announced on September 12, 2024, that it has secured funding for the exploration and mining operations of the Balfour Project in Western Tasmania. This funding was obtained through a complex financial arrangement described as an "off the market traditional PIPE type financial arrangement with a credit derivative swap."
Key Points from the Announcement:
a) Exclusive Rights: HIRU has exclusive rights to explore, develop, and exploit mineral resources in the Balfour Project concession area.
b) Exploration Timeline: The exploration phase is expected to be completed within five years, followed by exploitation activities within six months thereafter.
Royalty Agreement: HIRU will make royalty payments of 2.5% of the mine's annual profits to Zebs Minerals or D & B Mining.
d) Tax Obligations: HIRU will cover all tax obligations related to the project, except for corporate income tax.
Understanding the PIPE and Credit-Based Aspects:
a) Traditional PIPE: A Private Investment in Public Equity (PIPE) typically involves the sale of common or preferred stock at a set price to investors.
b) Credit Derivative Swap: This component is driven by the perceived creditworthiness of the parties involved.
c) Off-Market Nature: This indicates the deal was not conducted through typical market mechanisms, allowing for more customized terms.
Why This Structure Is Not Bad for the Company:
a) No Dilution: The company explicitly stated, "HIRU just completed a very complex financial arrangement best described as a off the market traditional PIPE type financial arrangement with a credit derivative swap." They added, "To that end, the Company is well-capitalized and does not anticipate disturbing its common share structure to reach this targeted goal." This suggests the funding was secured without diluting existing shareholders.
b) Creditworthiness-Based: By using a credit derivative swap, the company likely leveraged its strong financial position (backed by the CEO's resources) to secure favorable terms.
c) Long-Term Alignment: This structure appears to be well-aligned with the long-term nature of mining projects, providing stable funding throughout the exploration and initial exploitation phases.
d) Flexibility: The off-market nature of the deal likely allowed HIRU to negotiate terms that are specifically tailored to the needs of the Balfour Project.
CEO's Financial Capacity:
The statement "HIRU just completed a very complex financial arrangement best described as a off the market traditional PIPE type financial arrangement with a credit derivative swap." And goes on.. "To that end, the Company is well-capitalized and does not anticipate disturbing its common share structure to reach this targeted goal." strongly suggests that the CEO, Khalid Nasser Al-Thani, has significant financial resources at his disposal. This is further supported by:
a) His acquisition of approximately 1.2 billion shares (about 30% of authorized shares).
b) The company's confidence in not needing to disturb the common share structure for funding.
c) The use of a credit-based arrangement, which likely leverages the CEO's personal creditworthiness.
Benefits of This Approach:
a) Stability: With a well-capitalized backer, the company can focus on long-term value creation rather than short-term funding concerns.
b) Aligned Interests: The CEO's large stake in the company aligns his interests with those of other shareholders.
c) Flexibility in Project Execution: Secure funding allows for optimal project execution without constant fundraising pressures.
Potential Risks and Mitigations:
While the structure appears beneficial, investors should be aware of potential risks:
a) Project Execution Risk: The success still depends on the exploration results and efficient project management.
b) Lack of Traditional Market Pricing: The off-market nature means the terms weren't set by broader market forces.
c) Complexity: The structure's complexity might make it difficult for some investors to fully understand the implications.
Conclusion:
The PIPE and credit-based aspects of this deal, combined with the CEO's apparent financial strength, position HIRU favorably for the Balfour Project. By securing funding without dilution and leveraging creditworthiness rather than current market valuation, HIRU has potentially created a win-win situation for the company and its shareholders. The structure allows for long-term focus on project development, which is crucial in the mining industry. However, as with any mining venture, the ultimate success will depend on the exploration results and effective project execution. Investors should view this as a positive development while remaining aware of the inherent risks in mining exploration projects.
Thank you but for my next post I will probably take Avebury out of the equation. The newest PR is starting to make it sound like I was off on that.
No, I actually retired from trading two years ago and had stopped using iHub on a regular bases long before that because CEOs started using Twitter instead. I don't work for anyone and just really do this for the love of trading. Only reason I homed in on $HIRU is because it was still in my portfolio after all this time and I was interested in why it was going up. My DD on it reminded me how much I like to research stuff so I kind of just stick to that ticker. I have accounts on discord, telegram, Stocktwits, and twitter but many of the accounts I just use every once and awhile. My posts now are more so me refining my DD skills and presentation because I learned some better ways to research. I am playing around with what post formats folks like more and trying to come up with a distinct format. It keeps me busy and maybe something I want to do more often because I not only retired from trading but retired form everything two years ago and now I'm bored. So input whether good or bad is welcome.
Well, considering they are acquiring more than one I do not see why I should take this one off the table just yet. The many hints given point to this mine. So considering I am not an official part of the company and an outside person looking in I believe that I am free to see where the DD takes me. So far the things that have been tweeted and PR still point to this being a prospect/ potential candidate.
Thank you. I am cheap so I don't pay for the private inbox service. I appreciate my post being taken so well. I am not sure what marker 25 is but I hope it is a good thing.
I derived that value from Mallee's audited financial reports that are publicly available. The deal is not with Mallee but Mallee use to own the mine and exploration licenses from Zebs Minerals Pty Ltd and D&B Mining Pty Ltd . They owned it for three years and during those three years they did quarterly reports stating how much they mined and it's value. The last report that I reviewed was from Jan 2023 and if you review their report on the mine it gives you a clear view of the potential value of the mine how it will effect the share price. You are quoting a report from 2013 where I think it's safer to go with the published results of the previous owners from 2023.
Thank you. I have been trying to put together all the tweets, announcements, and filings into one comprehensive article. The speculation that I added about Avebury being the target mine is based off of hints from Mina-Mar's posts. A few weeks ago he said that the mine to be acquired was getting backlash due to previous owners closing it and people losing their jobs. He was very particular to mention that if you come across something that said the local community was mad at new management that they did not mean $HIRU. For some reason I believe that post was taken down because I went back to try to look for it again and it was gone. But I based my original DD on that statement as far as trying to see what mine they were acquiring and so far have not seen another one that knocks Avebury off of the list.
The Transformation of $Hiru Corporation: From Penny Stock to Potential Mining Powerhouse
In the volatile world of penny stocks, Hiru Corporation (HIRU) is embarking on an ambitious journey that could rewrite its future. Trading at a mere $0.0038-$0.0039 per share with a market cap of $7.37 million, HIRU is setting its sights on the lucrative Australian mining sector, with a strategy that could potentially skyrocket its value.
The Pivot to Mining:
In a bold move, HIRU has reimagined itself as a holding company with a focus on mining interests in Australia. This strategic shift was solidified with the appointment of Geoffrey Summers to the board on August 28, 2024. Summers, an Australian entrepreneur with over 30 years in the mining industry, brings a wealth of experience from projects like the Rogetta Iron ore project and, crucially, the Avebury Nickel project.
The Balfour Project: A Stepping Stone
HIRU's first major play in the mining sector is a partnership mining concession for the Balfour Project in Western Tasmania. With estimated in-situ values ranging from AU$191.5 million to AU$446.7 million, this project gives HIRU exclusive rights to explore, develop, and exploit mineral resources, balancing extraction with environmental sustainability under Tasmanian law.
The Avebury Gambit: A Game-Changing Acquisition?
While the Balfour Project is significant, it's HIRU's potential acquisition of the Avebury Nickel Mine is one to be one the look out for. It has not been confirmed but hints definitely point to this mine. Recently closed due to market pressures, Avebury represents a turnkey operation with impressive recent production figures:
-Monthly ore production peaked at 70,845 tonnes (January 2023)
-Nickel grades ranging from 0.9% to 1.04%
-Monthly nickel concentrate production of up to 660 tonnes
-Estimated monthly revenue of US$17-18 million at its peak
If HIRU can successfully acquire and restart Avebury, it could be looking at annual revenue potential of US$204-216 million – a staggering figure compared to its current market cap.
The Numbers Game: Potential Valuation Scenarios
Based on Avebury's operational data, there are three scenarios for HIRU's future share price:
Conservative (1x annual revenue): $0.105-$0.111 per share
Moderate (2x annual revenue): $0.210-$0.223 per share
Optimistic (3x annual revenue): $0.315-$0.334 per share
These projections align with promoter suggestions of $0.03-$0.05 near-term and a long-term target of $0.35, indicating significant potential upside.
Challenges and Hurdles:
Despite the optimistic outlook, HIRU faces significant challenges:
-Acquiring a mine at a favorable price
-Securing financing for the acquisition and restart
-Navigating the current low nickel prices and market oversupply
-Managing high operational costs that led to Avebury's previous closure
-Obtaining necessary regulatory approvals
Corporate Maneuvering and Market Dynamics:
HIRU isn't just focused on acquisitions. The company is actively engaging with OTC Markets, submitting extensive documentation including mining audit reports from a reputable firm with 160 global offices. This proactive approach has reportedly overwhelmed OTC's email systems, showcasing HIRU's commitment to transparency and compliance.
Furthermore, HIRU is positioning itself as a SPAC dual list opportunity, exploring various SEC and foreign SEC exemptions to fast-track to a higher listing. This strategy, coupled with what management describes as "AAAA caliber management" and connections to oil money, paints a picture of a company preparing for a major leap.
Market Reaction and Trading Patterns:
The market's response to HIRU's ambitious plans has been volatile. High trading volumes (15-50 million shares daily) and significant price swings (over 10% intraday moves) reflect intense speculative interest. The stock has shown resilience, closing green despite apparent short-selling pressure and market maker activity.
Looking Ahead:
As HIRU awaits IQ codes from OTC Markets to start new filings, the company stands at a crossroads. The potential acquisition of Avebury could transform HIRU from a sub-penny stock into a significant player in the nickel market. However, success hinges on numerous factors:
-Execution of a mine acquisition
-Efficient restart and operation of the mine
-Nickel market recovery
-Successful navigation of regulatory hurdles
-Effective capital management and possible share dilution
Investor Considerations:
For investors, HIRU presents a complex and potentially high-reward opportunity, albeit with significant risks. The company's ambitious plans and claimed connections paint a picture of a penny stock on the verge of a major transformation:
Asset Potential:
The gap between HIRU's current $7.37 million market cap and the potential value of assets like the potential for the Avebury Nickel Mine (with estimated annual revenue potential of $204-216 million) is enormous. This disparity could represent substantial upside if HIRU successfully executes its plans.
Diversification Strategy:
Beyond the Balfour Project, hints of "a large mining deal" and "huge assets" suggest a potentially diverse portfolio. This could provide multiple avenues for growth and mitigate single-asset risks.
Financial Backing:
Mentions of "oil money" connections imply potential access to significant capital, which could be crucial for funding acquisitions and operations. However, the terms and extent of this backing remain unclear.
Management and Connections:
Claims of "AAAA caliber management" and "royalty members" suggest a potentially strong leadership team and valuable industry connections. The addition of experienced mining entrepreneur Geoffrey Summers to the board lends some credibility to these claims.
Corporate Strategy:
HIRU's positioning as a SPAC dual list opportunity and plans to use SEC exemptions for fast-tracking to higher listings indicate an aggressive growth and visibility strategy. This could lead to increased liquidity and access to larger pools of capital.
Market Dynamics:
High trading volumes and volatile price movements reflect intense speculative interest. The stock's resilience in the face of potential short-selling pressure could be seen as a positive sign.
Regulatory and Operational Challenges:
Success hinges on navigating complex regulatory environments, efficiently operating acquired assets, and managing the challenges of the current nickel market.
Valuation Scenarios:
Projected share prices ranging from $0.105 to $0.334 based on Avebury's potential revenue suggest significant upside. However, these projections assume successful execution across multiple fronts.
Transparency and Compliance:
HIRU's proactive approach with OTC Markets, submitting extensive documentation, may be seen as a positive step towards transparency.
Speculative Nature:
The current sub-penny stock price, combined with ambitious plans and unverified claims, underscores the highly speculative nature of this investment.
Investors should approach HIRU with a blend of caution and thorough due diligence. The potential for significant gains is counterbalanced by substantial risks and uncertainties. Key factors to monitor include:
-Concrete progress on the mine acquisition and other mentioned deals
-Verification of claimed financial backing and industry connections
-Successful navigation of regulatory hurdles and listing requirements
-Operational metrics if and when mining activities commence
-Clarity on the company's capital structure and potential dilution
-Market conditions in the nickel and broader mining sector
While HIRU's story is compelling, the path from penny stock to mining powerhouse is fraught with challenges. Potential investors should be prepared for high volatility and should only consider positions they can afford to lose entirely, given the speculative nature of the company's current status and ambitious plans. Whether this penny stock can transform into a mining powerhouse remains to be seen, but one thing is certain – all eyes in the penny stock world should be watching HIRU's next moves with bated breath.
Comprehensive Summary: $Hiru Corporation (HIRU) and Potential Avebury Nickel Mine Acquisition
Current Status of HIRU:
Stock symbol: HIRU
Current share price: $0.0038-$0.0039
Outstanding shares: ~1.94 billion
Market capitalization: ~$7.37 million
Trading characteristics: Penny stock with high volatility and speculative interest
Recent Developments:
HIRU has pivoted towards mining operations, particularly in Australia.
Appointed Geoffrey Summers, an experienced Australian mining entrepreneur, as a new board member.
Announced a partnership mining concession arrangement for the Balfour Project in Western Tasmania.
Potential Acquisition: Avebury Nickel Mine
Background:
Located in Western Tasmania, about 8km west of Zeehan
Recently closed due to low nickel prices and high operational costs
Previous owner entered receivership
Recent Operational Data (2022-2023):
Monthly ore production: 44,158 to 70,845 tonnes
Nickel grades: 0.9% to 1.04% Ni
Monthly nickel production: 450 to 660 tonnes of nickel in concentrate
Estimated monthly revenue: ~US$17-18 million (based on January 2023 data)
Estimated annual revenue potential: US$204-216 million
Potential Benefits for HIRU:
Immediate entry into nickel mining with existing infrastructure
Potential for low acquisition cost due to current market conditions
Access to skilled workforce and established mining location
Significant increase in asset base and revenue potential
Challenges and Risks:
Current low nickel prices and market oversupply
High operational costs that led to previous closure
Need for significant capital for acquisition and restart
Regulatory and environmental compliance requirements
HIRU's lack of track record in mining operations
Potential Impact on HIRU Share Price:
Based on Avebury's recent operational data and assuming successful acquisition and operation:
Conservative Scenario (1x annual revenue):
Potential market cap: $204-216 million
Potential share price: $0.105-$0.111
Moderate Scenario (2x annual revenue):
Potential market cap: $408-432 million
Potential share price: $0.210-$0.223
Optimistic Scenario (3x annual revenue):
Potential market cap: $612-648 million
Potential share price: $0.315-$0.334
These projections align somewhat with promoter suggestions of $0.03-$0.05 near-term and $0.35 long-term share prices.
Key Considerations:
Acquisition terms and financing are unknown and crucial
HIRU's ability to operate the mine profitably is unproven
Nickel market conditions remain challenging
Regulatory approvals and restart costs could impact timelines
Potential for share dilution to finance the acquisition
Geoffrey Summers' call for an investigation into Avebury's closure could impact acquisition strategy
Did you copy and past my post to here?
LOL....That's funny??
Because it is a CE ticker and is trading on the grey market. Most brokers will not allow you to buy CE stocks just sell so they dont track the ask and bid until the restriction is lifted. They company would have to at least have a stop sign on OTC website for this to happen.
This is amazing. People are actually buying this. I have been bag holding this for 11 freaking years. Thank you to whoever is pushing this.
Femto!
What did we miss?
$GTLL
Markets on Main and it's progress mentioned here.
They are growing which means someone owes us an update on how much money we made on the deal.
I see we made it to #8 on the breakout board. Should be an interesting day tomorrow.
Thank you.
Hope this joker follows through.
$Gtll
Last 5 filings have all dropped after hours. I'm sure today will be no exception. https://t.co/cXNVmdE6sg
These are next to no shares available at 5 and 6. News is going to make this go parabolic!!
CEO was supposed to had retired 3.5 billion shares but I have yet to see an update on that.
$GTLL- The Company is pleased to announce that it has initiated legal proceedings against 4 shareholders to have 3,491,000,000 shares returned to the Company and retired. If successful, the updated S/O will be 8,688,293,609.
— Global Technologies, Ltd. (@GlobalTechGTLL) February 27, 2020
I really wish thr share structure wasn't so bloated but everything depends on volume and if the folks holding have weak hands or not.
Should see some significant volume today.
$GTLL DD looks compelling. Let's have a day. https://t.co/9uLlQJSIc2
— 💸STOCKBALLA💸 (@stockballa) December 9, 2020
I looked over the DD package earlier and it seemed to have covered all the main points. It reason i have been posting for updates this week to accompany the DD is because once I connected the dots I called Mr. Anderson and he said he should have something on the wire by Wednesday. I would think something more like this week because he is a one man show when it comes to paperwork and as you can see tends to miss deadlines.
Once I mentioned what I came across he kind of chuckled and sounded happy about having updates out this week.
That seems to look like some kind of search error. I looked at their most recent filings(Globocare) and I didn't see any connection that why i didn't share that one.
No problem.
So this is my DD for GTLL. I started looking into it last year because it seemed interesting then the CEO decided to go silent right when filings were due. But the thing that caught my eye recently was the distribution deal for OPTI. It mentioned Markets on Main which is owned by GTLL. Even if you go to the Markets on Main website the GTLL address is still there but in the PR it said BBIG.
BBIG use to be Edison Nation who were partners with GTLL if you are familiar with the partners page on the Markets on Main website, along with 911 Help, QVC, and HSN.
So after seeing Markets on Main in the BBIG PR I wanted to be sure it was the same one and sure enough it was. Same logo and everything. BBIG has an investors PowerPoint presentation that connected all the dots.
Come to find out starting in March BBIG aka Edison Nation acquired all of GTLLs assets in some way shape or form.
Not sure if it was a merger or acquisition or just them selling those subsidiaries but the CEO is going to have to address it.
I have been posting a lot of DD on my twitter since my Alert on Tuesday.
My tag is @Small_Time_Tina
The volume came after I connected $GTLL with the new $BBIG deal with $OPTI.
Who is this value7 person and how did he know we would get volume this month?
We will see
I don't see anything. Just his name and title.
What's happening?
We are at .0002.
That's weird!
Some people just read and don't post much but that don't mean they don't still have shares.
We moving now!
For the 10 year anniversary I bought a few more just so the average didnt look so bad....lol
Ancient hold.
Its literally been in my account since February 2010.
As long as it's still a registered ticker I just let it sit. It might surprise us one day and just rum for no reason.
Doubt he cares about what is going on with the stock at this point.