Hiru Corporation (HIRU)

[Divest]

So did the Avebury acquisition attempt fall apart and they had to go with their distant second choice, the Balfour?

No, not according today's news release which clearly states:

In other Company news and events, we will also continue maintain the web site www.otchiru.com where amongst other things we will introduce other mining projects that we are involved in

If you visit that website this is what you will see this:



Also after glancing at their new website you claim:

this is their 'flagship' project, the 'cornerstone' of their operations, there is something very wrong here.

That's your opinion, however according to today's news release the company's investment in the Balfour mine is based on new research stating:

New research from Mineral Resources Tasmania, led by Dr. Sheree Armistead, has uncovered potential large-scale syngenetic copper-cobalt deposits. These findings mark a major shift in understanding the region's geology and highlight the potential for world-class sediment-hosted deposits containing copper, cobalt, gold, lead, and zinc.

As ihub posters we are all anonymous commenters sharing our opinions, as it should be. However, that also means that we would be foolish to accept your opinion not knowing who you are (irregardless of what credentials you may have) as evidence that the company's enthusiasm over the results of Dr. Armistead' s research is unwarranted.
I've also included a screenshot showing Dr. Armistead's credentials and affiliations.



https://discover.utas.edu.au/Sheree.Armistead