Ann: Annual Report, page-11

'still cannot understand how HOR company can do so little for so long

so much copper but just sits still like wader bird on lily pond'
​

Indeed JinanJoe!!

Is he just so unorganised or so occupied elsewhere that HOR doesn't get looked at properly, or only occasionally?

Or does he know what's going in and is playing a waiting game, doing as little as possible to keep ASX and ASIC at bay?

Maybe @razzle7 is on the right track with '

maybe mf wants to take it private with the debt and then wholla heaps of copper being found.' ​

I am no stranger to HOR in case you are wondering, nor am I a stranger to AUR and SFR.

To answer my questions, I think that it is a bit of both,

The ultimate play is, imo, an arrangement with SFR whereby HOR's copper will be further explored and tested and then mined by SFR. AUR might be involved as well. Although he appears to have lost (apparent) control of AUR, his companies still own over 15% of AUR. He invested because he saw a positive purpose. I reckon that his investment is still on track. Watch the AUR space as regards a probable new farm-in deal with SFR, and keep in mind MF's continuing large investment in AUR.