Minera Share Discussion Threads

[andy] 16/8/2016 08:51

Max,

When did potter say the assets are "worthless"?

Come on, everyone wants the same thing here, you're treating him as a bear when clearly he's bullish, but a bit cautious, which he should be, in my opinion.

I am sure they will re-list soon, on the BVP and TSX, but not the AIM, at least initially. That is quite clear in the latest release, where AIM is not mentioned.

IN order to extract he value from the asset, the COFIDE deal needs to be agreed and signed,until then the assets have a lower value. Any deal is dilutive one way or another,so the terms of any deal are paramount in order to assess long term value.

I have every confidence in Benavides trying to do the best deal he can, we just have to hope he can achieve it.

The latest announcement suggests the Peruvian government is likely to be very supportive,which is hugely positive, and great news, IMO.

[sergiosifuentes] 16/8/2016 08:00

It's incredible how predicted steps by Diego Benavides are becoming true (from november 2015):

"IRL’s Future
Benavides and Fryer paint very different futures for the company.
For one, Benavides’ is detailed, from updating the financial statements to replacing the company’s broker, restarting negotiations with COFIDE, downsizing capex at Ollachea and accelerating the build-time. He rates
Ollachea as “a one billion dollar business” and is excited about the price at which shares will open, if his slate of nominees win.
Fryer also says he is “optimistic” and “certainly hopeful” that shares can resume trading, but makes no mention of the funding package from COFIDE.
“Step one, which Daryl Hodges had started to work on, but was blocked, was to have an equity raising in all three markets, maybe a rights issue,” Fryer says. “It’s a pretty small enterprise in the London market, even in the AIM side, but in Peru, it’s a big deal.”"

[maxoscar1] 16/8/2016 06:32

Pottermagic......the reason we are not trading is that the company was nearly sold by scum bags...otherwise minera irl would still be trading on all 3 markets nothing to do with the reserves as u say for a shareholder u are very very pesimistic always negative posts......answer me this if the mine was worthless which u are saying y did pinto hodges Jones and fryer want to sell it to a third party and y would they want to buy it........GLA

[pottermagic2310] 15/8/2016 23:36

Max - the Reserves definitely mean nothing at all to the Markets... we're not trading in either the Canadian (TSX) or UK (AIM) Markets - valuation "Nil" !!
Everything... everything... clearly hinges on the next 90 days and I'm praying it all goes really well, that we trade in those Markets again and with a much more realistic Market valuation... but there are obstacles and any number of unforseeable unknowns that might thwart our ambitions.... don't weigh the Bullion til the Gold dust has settled !!
;-)

[andy] 15/8/2016 23:36

max,

I think he's referring to the caveats re the COFIDE loan, in that Minera have to fulfill certain obligations first, once done, then the final negotiations can take place.

[investment dave] 15/8/2016 21:32

Certainly is a massive mine with huge potential needs to get trading again so we can make the most !!!

[maxoscar1] 15/8/2016 21:18

Pottermagic........All or Nothing u say......so I take it the 1.2 million ounces of high grade gold proven reserves means nothing to the markets with the gold price as it now.........even that amount it's worth over $400 million alone

[andy] 15/8/2016 20:46

potter,

Yes there are some caveats in there re the COFIDE loan agreement that people should read.

$637,000 for termination payments, at least they won't have to pay those next year!

[pr0t0n] 15/8/2016 20:38

Wouldn`t mind buying if listed on TSX .
Anyone knows possible timeline ?
Contact/email management?

[investment dave] 15/8/2016 20:28

Hopefully this will get trading soon then

[pottermagic2310] 15/8/2016 20:23

That Report looks like an improvement generally and the next 90 days drilling exercise clearly will mean 'all or nothing' for our Company. Senior Investors will either like the look of Ollochea's prospects and the next tranche of funding will be awarded... or they won't. Anxious yet exciting times...

[sergiosifuentes] 15/8/2016 18:31

You can see it here:



Or here:

[investment dave] 15/8/2016 18:00

Can you post the link please ?

[sergiosifuentes] 15/8/2016 16:04

MIRL just filed second quarter financial statements, today August 15

[pottermagic2310] 15/8/2016 13:40

The 2 obstacles to great success that I see hampering us are just as I've already stated above Max...
1) We might only see relisting on TSX at the end of the 90-day drilling exercise and only if that exercise proves everything it needs to prove
2) We might only get the next tranche of COFIDE funding if point 1) proves successful

Just a couple of very simple observations about what the near-future might hold.
All being well, 1) will be a resounding success which leads to 2) being fulfilled at along last and then we'll be flying high

[investment dave] 14/8/2016 20:57

Yes fresh of the press an hour ago

[maxoscar1] 14/8/2016 20:44

Pottermagic can I ask u what the one or two obstacles would be also I'm just wondering y u would of invested in minera irl in 2014 as I would of thought there would of been more obstacles then than there is now.......I look forward to ur reply

[kirk 6] 14/8/2016 20:33

Dave is that new news ?Potter when was the mining ministry??Cheers

[pottermagic2310] 14/8/2016 20:21

The new News about the Mining Ministry is brilliant !!
Another step in the right direction.
Having had a couple of bad experiences with Gold & Oil (AIM) Investments and having first bought into MIRL way back in 2014, long before the "Hodges" debacle, I really do want to see this flourish BUT keep wondering if there are one or two obstacles that may yet prove to be our downfall.
As a Libran I naturally take a balanced view... the +ve steps in the right direction are very welcome but I sense we're not out of the woods yet and have simply looked at readily available information in order to assess the likelihood of eventual success.

[investment dave] 14/8/2016 18:05

Bloody hard to google translate because of all the adverts in and on mobile phone! I think confide loan must be on now though so no reason not to resume trading:REACTIVATION. Hours later date after the deputy mining minister Guillermo Shinno , confirmed the reactivation of some mining projects in Peru , which had been postponed investment by the international context , so much so that advances the construction of three projects in the sector . Among them is Ollachea IRL

[investment dave] 14/8/2016 18:02

It's just a reiteration I think

[investment dave] 14/8/2016 18:01

News outhttp://diariocorreo.pe/edicion/puno/la-minera-irl-reanuda-operaciones-en-la-region-de-puno-reportaje-691241/

[sergiosifuentes] 13/8/2016 22:06

OK Andy, but It is easy, just copy the address from www..... I just do copy from the address bar and advfn changes it the first part h t t p by h x x p automaticaly. I will follow your advice next time.

[andy] 13/8/2016 21:42

Segrgio,

El URL no funciona asi, tienes que cambiar el 'http' hasta 'hTTP', y Despues se funciona