Hiru Corporation (HIRU)

[hardlesson]

And this needs to be considered too:

"Without getting into details, or "stepping on anyone's toes" we can safely say some significant mines we have certain relationships with are between $70 to $150 million dollar projects. These projects have full mining reports 43101 or similar reports with GAAP audited financials. Our upcoming filings will be self-explanatory. Before the definitive closing date of the Australian mining transaction, we will consult with Hiru's corporate lawyer to determine what more information we can disclose publicly. "

What that tells me, is they must have received a green light from Corporate Legal, to disclose what they did on the website last week...which could be concluded that there has been a "definitive closing date." (Or conclude, they have come to an agreement on the asset, whichever asset it is.) Unless they jumped the gun, which is possible I guess.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174967923

Also again worth reading carefully, imo:

"The Company will be releasing full mining and cooperating agreements on the Australia mining project very shortly. This mine is a very lucrative project, a gem to be proud of with proven resources confirmed by several professional mine surveyor companies, and considered a "jewel in the crown" by local miners and Australian media. It is also a sensitive topic to locals in this Australia region. The ex-mine ownership is a heartbreak to many miners and the local community who lost their jobs when the mine was sold, and the new owners were unable or unwilling to fulfil the community enhancement promises. To that end, we are also very mindful of the HIRU Company critics, who prey on novice and unsuspecting investors and shareholders. To that end HIRU as a Company is taking extra measures and steps to insure the public and our followers that we are the NEW owners and not the owners who may have not fulfilled the Australian mining community enhancement expectations. HIRU eagerly awaits SEC and OTC codes to complete filings so that the valuations well in excess of $150 million USD on the mine assets; are crystal clear to our readers in order to eliminate any doubt. Additionally, we will be crystal clear in both our filings and upcoming PR that HIRU and its management are not the "old" operators who may have defaulted and/or never met the expectations of the Australian locals."

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IMO, these community enhancement expectations are critical imo. Mining always meets with pushback from the community. Especially regarding the environment. The buzzword in mining is ESG. Environmental and Social Governance. That has to be met to satisfy the community. To the extent that the new Buying group does that, will determine the community support or pushback. That could be a factor in who might/or has been, awarded the asset, imo. Any asset, wherever it is.

https://www.ey.com/en_us/insights/energy-resources/four-esg-trends-in-the-mining-and-metals-industry

Also consider that some of these things listed below, have already been done to provide a safer work environment, and mitigate the affect on the community, wherever the mine happens to be. I've looked into some of these but not all, experts please chime in:

Recent Investments and Upgrades:

- Significant investment of A$17 million in new equipment.

- Installation of a newly constructed dust extraction system.

- Transitioned from ANFO explosives to water-resistant emulsion explosives.

- Acquired a larger Larox filter.

- Prepared for sample testing at an on-site laboratory.

- Expanded tailings capacity.

- Sourced a paste plant and constructed new camp infrastructure.

https://www.otchiru.com/

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Again, it's not done until it's done, just commentary on what's been provided.
Not investment advice.