Minera Share Discussion Threads

[investment dave] 08/7/2016 08:14

hxxp://www.portalminero.com/pages/viewpage.action?pageId=112924875

[investment dave] 08/7/2016 08:14

Wednesday, 06 July 2016.- Minera IRL signed a mandate letter with Cofide to structure a senior credit line of up to US $ 240 million, under which credit is expected to bridge that obtained in 2015 for different debt is refinanced .

According slogan Management Journal , this new line would be implemented later this year . The availability of the credit line is still not guaranteed , and " its terms are still to be negotiated , including the amount of the credit line " .

It was reported that if the company can not obtain this new credit will not have the funds to develop the gold project , Ollachea ( Puno ) , and will be necessary to delay , reduce or eliminate several programs related to it .

[investment dave] 06/7/2016 10:55

broken a 28th month high in gold price. CEY doing exceptionally well and has risen 165% since Minera was suspended

[pottermagic2310] 04/7/2016 16:13

Indeed... to me it was nothing more than a specific individual's random postings very specifically about MIRL and very specifically in support of 1 side of the ensuing debacle... so I never actually paid too much attention.

All I'm interested in seeing now is MIRL back on one or more respected Stock Exchanges, an operation update and some insight into the financial side of things.

[andy] 04/7/2016 13:53

potter,

Well the blog originates from Peru, although the blogger is British.

Given his location I guess it's easy for him to have contacts inside the company, and his comments suggest he has.

[pottermagic2310] 04/7/2016 11:56

I think I read some of those Blogg posts a few months ago and began to wonder if DB himself was writing them ?!!!

Looking forward to seeing some news on the TSX

[maxoscar1] 04/7/2016 06:07

Guys hope ur well.......check out ikn blogg.....won't be long now like I said u have to have the backing of the community in Peru....think diego is their man.......tick tock a relisting very soon GLA

[investment dave] 01/7/2016 23:26

Nothing yet I'm afraid had a search before. Either way gold just keeps rising which will further excentuate the gap up on open

[pottermagic2310] 30/6/2016 20:52

Anybody spotted anything on the TSX about relisting of this lately ?

[investment dave] 27/6/2016 12:29

maybe the way gold is performing. Corihuarmi Gold Mine must be doing extremely well now!

[maxoscar1] 25/6/2016 12:15

Dave,Andy hope ur both well im hoping for atleast 10-20p on reopening fingers crossed......GLA

[investment dave] 24/6/2016 15:38

most gold stocks soaring today. With gold now firmly above 1300, I for one am getting ants in my pants as to when this reopens

[andy] 23/6/2016 13:11

It's OK.

A reminder never hurts :-)

[investment dave] 23/6/2016 13:00

apologies already posted

[investment dave] 23/6/2016 11:15

Minera IRL Ltd Announces Board Appointment






LIMA, PERU--(Marketwired - June 21, 2016) - Minera IRL Limited ("Minera IRL" or the "Company") (BVLAC:MIRL), a Latin America gold mining Company, is pleased to announce the appointment of Mr. Derrick Weyrauch as a Non-Executive Director of the Company.

Mr. Weyrauch is a Canadian chartered professional accountant ("CPA CA") with broad experience in the mining sector. He has served in the capacity as Director of Finance and CFO for a number of TSX, TSX-V and NASDAQ public companies. His involvement with the mining sector dates from 2007 when he was engaged as Director of Finance and Treasury for Gabriel Resources a company sponsoring the Rosia Montana gold project in Romania, one of the largest undeveloped gold deposits in Europe. Following this assignment Mr. Weyrauch assumed the role of CFO for Malbex Resources a TSX-V company focusing on gold exploration in San Juan Province, Argentina. His duties included the establishment of governance policies, together with accounting procedures for regulatory compliance. From 2010 - 2013, Mr. Weyrauch served as CFO and Corporate Secretary for Andina Minerals a junior mining company sponsoring the Volcan Gold Project in Chile, reporting resources in excess of 10 million oz. Au. He led the financing initiatives to meet capital requirements and ultimately played a key role in the sale of the company to Hochschild PLC at a substantial premium to the market capitalization. Following the successful divestiture of Volcan, Mr. Weyrauch assumed the part time role as CFO for Temex Resources a junior company sponsoring a high grade gold project in the Timmins District, Ontario. From 2013 through February 2016, he was with Jaguar Mining, a company operating three underground gold mines in Brazil. He served as an independent director and Chairman of the Special Committee for Recapitalization and Debt Restructuring. The latter was established to restructure US $ 270 million of debt. In 2014 Mr. Weyrauch took on the role of CFO to restore the company to financial health.

Mr. Weyrauch holds an Honors Bachelor of Arts-Economics from York University, is a registered Canadian CPA CA and is a member of the Institute of Corporate Directors.

Mr. Francis O'Kelly Chairman and Acting CEO commented "we are delighted that Derrick has agreed to serve on the Minera Board. He brings to the company a wealth of experience in mining finance and international accounting procedures that complements the skill sets of the other members of the newly constituted Board. Of particular value is Derricks experience with raising equity and also in the area of corporate governance and company administration".

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

[andy] 22/6/2016 15:56

Dave,

Agreed.

CONFIDE is not yet agreed,obviously with all the changes we hope it soon will be.

[investment dave] 22/6/2016 13:13

Not too sure I understand that potter? Shareholders are owners of the company? It looks like Confide is on and a complete restructure for employees with enhanced acumen of all departments. Shareholders will obviously reap the rewards.

[pottermagic2310] 22/6/2016 11:08

I'm sure that 2 very recent announcements are suggestive that Minera IRL, the parent company some of us are invested in, has acquired Personnel with skills/experience in restructuring a Company's financial arrangements for sustainable Business longevity AND positioning Companies for Sale/Takeover.

Does this bode well for the smaller PI ?
Is it suggestive that we'll never see a multi-bagger but may more likely earn an XX% premium to a future, marginally higher share price via a buyout?

Despite all the shenanigans, this is an interesting and enjoyable Investment "journey"

[investment dave] 21/6/2016 22:41

Hopefully won't open too high as I will be investing the kitchen sink in this

[investment dave] 21/6/2016 22:40

Sounds like another excellent move the company. Can't beat chartered accountants

[zedder] 21/6/2016 18:02

Minera IRL Ltd Announces Board Appointment

Jun 21, 2016 - 09:30 ET
LIMA, PERU--(Marketwired - June 21, 2016) - Minera IRL Limited ("Minera IRL" or the "Company") (BVLAC:MIRL), a Latin America gold mining Company, is pleased to announce the appointment of Mr. Derrick Weyrauch as a Non-Executive Director of the Company.

Mr. Weyrauch is a Canadian chartered professional accountant ("CPA CA") with broad experience in the mining sector. He has served in the capacity as Director of Finance and CFO for a number of TSX, TSX-V and NASDAQ public companies. His involvement with the mining sector dates from 2007 when he was engaged as Director of Finance and Treasury for Gabriel Resources a company sponsoring the Rosia Montana gold project in Romania, one of the largest undeveloped gold deposits in Europe. Following this assignment Mr. Weyrauch assumed the role of CFO for Malbex Resources a TSX-V company focusing on gold exploration in San Juan Province, Argentina. His duties included the establishment of governance policies, together with accounting procedures for regulatory compliance. From 2010 - 2013, Mr. Weyrauch served as CFO and Corporate Secretary for Andina Minerals a junior mining company sponsoring the Volcan Gold Project in Chile, reporting resources in excess of 10 million oz. Au. He led the financing initiatives to meet capital requirements and ultimately played a key role in the sale of the company to Hochschild PLC at a substantial premium to the market capitalization. Following the successful divestiture of Volcan, Mr. Weyrauch assumed the part time role as CFO for Temex Resources a junior company sponsoring a high grade gold project in the Timmins District, Ontario. From 2013 through February 2016, he was with Jaguar Mining, a company operating three underground gold mines in Brazil. He served as an independent director and Chairman of the Special Committee for Recapitalization and Debt Restructuring. The latter was established to restructure US $ 270 million of debt. In 2014 Mr. Weyrauch took on the role of CFO to restore the company to financial health.

Mr. Weyrauch holds an Honors Bachelor of Arts-Economics from York University, is a registered Canadian CPA CA and is a member of the Institute of Corporate Directors.

Mr. Francis O'Kelly Chairman and Acting CEO commented "we are delighted that Derrick has agreed to serve on the Minera Board. He brings to the company a wealth of experience in mining finance and international accounting procedures that complements the skill sets of the other members of the newly constituted Board. Of particular value is Derricks experience with raising equity and also in the area of corporate governance and company administration".

[maxoscar1] 21/6/2016 17:37

Hi Andy news out another director joins........GLA won't be long now guys

[coley47] 20/6/2016 12:26

I've been informed by H/L that because of the delisting of Minera, My shares have been taken out of my ISA account and moved to a 'standard ' share account. Does anyone else have this situation ? .and does anyone know if they will be switched back if / when they get re-listed?

[andy] 17/6/2016 08:51

Dave,


The $70 million bridging loan is still in place (quite a bit has already been spent repaying Mcquarie Bank) but the project finance of up to $240 million is not yet in place.

That may prove to be a drag on any opening surge, but it will depend upon the price of gold at the time I guess.

I see (US based)rumours of a possible postponement of the Brexit vote have dropped gold $30 overnight.

[andy] 17/6/2016 08:49

MAx,

Many thanks, and I fancy he was being somewhat diplomatic as the IKN suggests!

I even learned a new word in his article!