Hiru Corporation (HIRU)

[Divest]

So any deal with Mallee Resources/Avebury mine is at any rate no longer public information on any basis

This only half true. There's no evidence of deal between Mailee Resources and HIRU,.
However all of the publicly available information about Geoffrey Summers and his backers points toward the Avebury mine, being a target for acquisition by Hiru Corp. Let me show some examples, using an OTC filing, a newspaper article and the company"s website.

So on July 19th the company made a filing with the OTC that announced new corporate board members as seen below:



At that Geoffrey Summers was announced as the CEO of Hiro Corp. with the Sheik backing up his efforts to lead the company with the position of Chairman. Now my question for you is, what was Geoffrey Summers doing in the weeks lead up to Sheik Khalid bringing him on as CEO? Let's read excerpts from the newspaper article from July 1st and find out. You can read the entire article for free by clicking on this link here: https://www.afr.com/companies/financial-services/oaktree-trading-house-squares-off-against-shareholders-for-nickel-mine-20240701-p5jq4j

According to the newspaper:
.

Geoffrey Summers, a Mallee shareholder, is objecting to Hartree’s attempts to buy the company, and raised concerns with the corporate watchdog over its takeover efforts, which he argued undervalued the company. Law firm Cornwalls wrote letters on Mr Summers’ behalf to the Australian Securities and Investments Commission and the Foreign Investment Review Board last week.

The newspaper article explains that Hartree is a financial institution that loaned Mailee Resources $31,000,000 dollars to run the Avebury Nickel Mine. Thereafter, Mailee defaulted on the loan, closed the mine and laid off the miners. At that point the mine was put up for sale. The paper states;

According to Mr Summers’ letter to FIRB, an independent auditor valued Mallee at $210 million last September. Throughout the sales process, 131 parties received sales flyers, and by October 26 potential buyers signed non-disclosure agreements and accessed a data room, the letters seen by the Financial Review showed.

By the end of October, 12 interested buyers submitted non-binding bids, five were named preferred bidders, however, by the end of November just one party submitted a binding proposal.

Now what does this have to do with Hiru? The article continues:

Mr Summers, with backing from an unnamed Middle Eastern entity, organised a $112.5 million bid for Mallee that refinanced the company at 21¢ a share last October, but that bid was unsuccessful. He and his backers returned with an $80 million cash bid, which was also rejected in March, in favour of a cheaper bid from Hartree.

So Mr. Summers tried to buy the Avebury Nickel Mine, with middle eastern backers, for $80 million dollars cash supplied by an unnamed "Middle Eastern entity". Then he was picked by a Sheik of Qatar, to run Hiru's new mining business, which has a website describing a nickel mine, located at same spot and with the same history of the Avebury mine as I explained in an earlier post, shown below:





So the evidence for HIru Corp's involvement in the Avebury mine is overwhelming.