Minera Share Discussion Threads

[investment dave] 05/6/2016 07:42

Yes google translate..... Tia

[andy] 05/6/2016 00:33

investment Dave 4 Jun'16 - 20:09 - 4484 of 4489 0 0

What does it mean though

---

This is not old news to me

I'll translate it in the morning Amigo!

Your translation doesn't convey the true meaning, did you use Google translate?

[investment dave] 04/6/2016 21:07

Thanks max let's hope so. Certainly Things have improved since early this year

[maxoscar1] 04/6/2016 20:49

I personally think they will move the company forward very quickly dave ie.....diegos team is in now then hopefully Jones and fryer will go at the next AGM as they too were with pinto and hodges........this project is worth over $1 billion dollars at the moment but remember the mine is open ended and could be as much as 5 times bigger reserves lets just wait and see

[investment dave] 04/6/2016 20:43

What do you mean max "blows up big time"

[investment dave] 04/6/2016 20:17

This is all old though Andy and moving on this will all be history?

[investment dave] 04/6/2016 20:09

What does it mean though s Sherpa, both by the high commission charged (debÃa not be more than 3%), and because it was unnecessary to have a financial intermediary for this type of operation. Sherpa was a company that did not have empezó activity and operability when MIRLSA inició talks to get the Credit © dito with COFIDE in May 2014. sherpa managers are the marriage of Jose Antonio Cabia © Patricia Vega and his wife Pilar Matsuda Ysa.The complaint filed by Jaime Pinto ⠀ "who was chairman between September and December last year ± or, whether Sherpa ± wing that did not have any experience in capital markets, investment banking, project financing, etc., and it was created with the a

[andy] 04/6/2016 18:52

Dave,

It's a bit more than that, and makes a very serious allegation!

Obviously we have no idea is this is true or not, but not good if it is.


This is the pertinent part:


Sin embargo, a pesar que COFIDE es banca de segundo piso, MIRLSA contrató como intermediario a una empresa desconocida, Inversiones y Asesorías Sherpa S.C.R.L., a la que se le pagó US$ 2.4 millones para conseguir el crédito puente de COFIDE.

Este pago a Sherpa es realmente escandaloso, tanto por la alta comisión cobrada (no debía ser más del 3%), como porque era innecesario contar con un intermediario financiero para este tipo de operación. Sherpa era una empresa que no tenía actividad y empezó su operatividad cuando MIRLSA inició las conversaciones de obtener el crédito con COFIDE en mayo del 2014. Los gerentes de Sherpa son el matrimonio de José Antonio Cabia Vega y su esposa Patricia del Pilar Matsuda Ysa.

La denuncia presentada por Jaime Pinto –quien fue presidente del directorio entre septiembre y diciembre del año pasado, señala que Sherpa no tenía experiencia alguna en el mercado de capitales, banca de inversión, proyectos de financiamientos, etc., y que fue creada con el objetivo de sacar, ilegalmente, dinero de la compañí;a.

[investment dave] 04/6/2016 09:29

Just a re cap of events

[investment dave] 28/5/2016 14:49

Would be interested to find out what is happening to hodges and co. Maybe they are working in collaboration with deigo to get the mine underway. On another note following correspondence with Ig markets my family can not trade on tsx just close so the funds will be transferred across but closings only. I was hoping to build a stake myself in minera through IG when re listed but will have to set up another with another broker

[andy] 26/5/2016 01:11

Dave,

Not at £37 per month!

I suspect they know no more than us, probably much less, so I wouldn't be concerned we can't read that article.

[investment dave] 25/5/2016 22:13

Minera only happy family Has anyone got access to the link above

[kirk 6] 23/5/2016 11:50

when is this due to trade again?

[kirk 6] 23/5/2016 11:49

Dave- Andy is correct. This is still an excellent step in the right direction though.

[pottermagic2310] 23/5/2016 11:23

Good News I reckon, with Diego Benavides firmly acknowledged as the General Manager of the one subsidiary and all Shares in those subsidiaries back in full control of our Company Minera IRL.
Re-introduction on the TSX next, some interim Gold production figures and all being well, a fully-formed & financed Plan for Ollachea on the horizon.
Happy Days
;-)

[andy] 23/5/2016 08:39

Dave,

Diego is only on the board of the subsidiary.

They are putting their house in order, CEO and non exec required before a listing, that's done now.

[bit coin] 23/5/2016 08:30

any guesses when this will trade again?

[kirk 6] 23/5/2016 08:04

this is good news agreed

[investment dave] 23/5/2016 07:11

With the combination of a much higher gold price and a great board in place the only thing left now is confide and the share price will be recommencing trading 100's% higher on the tsx

[investment dave] 23/5/2016 07:07

Deigo on the board

[investment dave] 23/5/2016 07:05

Click Here!Minera IRL Limited Minera IRL Reports the Transfer of Shares in its Peruvian Subsidiaries, and Announces Board and Management...Source: UK Regulatory (RNS & others) TIDMMIRL Minera IRL Reports the Transfer of Shares in its Peruvian Subsidiaries, and Announces Board and Management Changes FOR: MINERA IRL LIMITED LMA SYMBOL: MIRL May 23, 2016 Minera IRL Reports the Transfer of Shares in its Peruvian Subsidiaries, and Announces Board and Management Changes LIMA, PERU--(Marketwired - May 23, 2016) - Minera IRL Limited ("Minera IRL" or the "Company") (BVLAC:MIRL) reports that the one share in each of its two Peruvian subsidiaries, Minera IRL S.A. and Minera Kuri Kullu S.A., which were not registered in the name of the Company, have been transferred into the name of a nominee of the Company, thereby consolidating control over the two subsidiaries with immediate effect. As a result, the boards of the two subsidiaries will be reconstituted as follows: Diego Benavides Cecilia Gonzales Francis O'Kelly Mr. Benavides is General Manager of Minera IRL S.A., Ms. Gonzales is a corporate lawyer in practice in Lima, Peru and Mr. O'Kelly is a Director of the company, The Company is also pleased to announce the appointment of Mr. Gerardo Perez Delgado as a Non-Executive Director of the Company with immediate effect. Mr. Perez is a lawyer and a partner in the firm of Barrios Fuentes in Lima, Peru. His areas of expertise include Administrative Law, Regulation, Infrastructure and Concessions. Previously he was General Manager of the National Port Authority of Peru for six years where he was responsible for the planning, organization, direction, control and management of the institution in charge of the Peruvian Port System. He was involved in the concession of the Ports of Callao, Paita, Yurimaguas among others, and of the deepening and widening of the entrance to the port of Callao project, the implementation of the Single Window Port (VUP) by which the formalities concerning the export and import of goods through the ports is simplified, and overall planning and execution of actions to achieve the competitiveness of Peruvian ports. In addition, Minera IRL announces that Mr. Francis O'Kelly has been appointed as Chairman and Interim Chief Executive Officer of the Company and Mr. Carlos Ruiz de Castilla has been appointed Interim Chief Financial Officer. Appendix: In terms of the appointment of Mr. Gerardo Perez Delgado (aged 45) to the Board, current and past directorships held are as follows: Current directorships/partnerships: Partner in Barrios Fuentes Past directorships/partnerships: None No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release. Cautionary Statement on Forward-Looking Information Certain information in this news release, including information about the Company's financial or operating performance, information about the legislative regime to which the Company is subject, and other statements expressing management's expectations or estimates of future events, performance and exploration and development programs or plans constitute "forward-looking statements". Forward- looking statements often, but not always, are identified by words such as "seek", "believe", "expect", "do not expect", "will", "will not", "intend", "estimate", "anticipate", "plan", "schedule" and similar expressions of a conditional or future oriented nature identify forward-looking statements. Forward-looking statements are, necessarily, based upon a number of estimates and assumptions. While considered by management to be reasonable in the context in which they are made, forward- looking statements are inherently subject to political, legal, regulatory, business and economic risks and competitive uncertainties and contingencies. The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Minera IRL's actual financial results, legislative environment, future performance and results of exploration and development programs and plans to be materially different than those expected or estimated future results, performance or achievements and that forward-looking statements are not guarantees of future performance, results or achievements. Forward-looking statements are made as of the date of this news release and Minera IRL assumes no obligation, except as may be required by law, to update or revise them to reflect new events or circumstances. Risks, uncertainties and contingencies and other factors that might cause actual performance to differ from forward-looking statements include, but are not limited to, any failure to obtain or complete project financing for the Ollachea Gold Project (including the Senior Debt Facility), changes in the price of precious metals and commodities, changes in the relative exchange rates of the US dollar against the Peruvian nuevo sol, interest rates, legislative, political, social or economic developments both within the countries in which the Company operates and in general, contests over title to property, the speculative nature of mineral exploration and development, operating or technical difficulties in connection with the Company's development or exploration programs, increasing costs as a result of inflation or scarcity of human resources and input materials or equipment. Known and unknown risks inherent in the mining business include potential uncertainties related to the title of mineral claims, the accuracy of mineral reserve and resource estimates, metallurgical recoveries, capital and operating costs and the future demand for minerals. For additional information, please consult the Company's most recently filed MD&A and Annual Information Form. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Minera IRL Robin Fryer Director [phone] OR Marco Aravelo General Counsel - Minera IRL S.A. [phone] OR Buchanan (Financial PR, London) Bobby Morse / Anna Michneiwicz [phone] Minera IRL Limited (END) Dow Jones NewswiresMay 23, 2016 02:00 ET (06:00 GMT)

[investment dave] 22/5/2016 16:04

Andy totally agree there.