Minera Share Discussion Threads

[investment dave] 12/11/2016 15:59

Diego holds shares doesn't he??

[andy] 12/11/2016 15:52

max,

8.55p looks a big ask today, but we have to hope that the vampires can be fended off a 2nd time.

IKN doesn't mention Diego, I wonder which side of the fence he's on?

[pottermagic2310] 12/11/2016 15:51

Some excellent bulletins above.
We all know the 90-day exploration drills end in a couple of weeks.
We can all see how the AGM has been timed to coincide with whatever results that exploration has been furnishing the Company with.
We've all know for a substantial amount of time that real development of Ollochea into a modern, productive, efficient and profitable mining Operation would take many £millions, hence the COFIDE arrangement.
We've also all known for a long time of Ollochea's as yet unrealised potential, hence Rio Tinto's long-standing involvement.
As minnow PIs, we should always expect dilution of some description and a doubling of Shares in issue to secure all the funding needed to develop Ollochea into a profitable venture is something I would expect to see over time.
My primary concern is simply that today my Shares are absolutely worthless and may remain so until things change.
If the moves afoot are subtle recognition that Ollochea has turned out to be a "Golden Goose" or Peruvian "El Dorado", then maybe things will work out better than they are today and maybe that worthless paper I hold today will end up being worth its weight in Gold one day ?
I know how I've voted and why and its with the interests of change and moving forward in Mind.

[maxoscar1] 12/11/2016 15:14

If the share price gets to 8.85p I break even fingers crossed guys have a good weekend..........

[investment dave] 12/11/2016 13:10

1) This board is abandoning all UK based shareholders. 2) This board wants to give itself the right to do whatever it wants with the company, no oversight or control, starting with the freebie giveaway of 115m shares.

[investment dave] 12/11/2016 13:00

Ikn news out They aren't sure but advise to email bored of directors today. Let's all do that

[andy] 12/11/2016 00:45

bigjake,

Otto's knowledge of this company is very good, he is on the shareholders' side IMO.

[bigjake1] 11/11/2016 22:46

Hi all. Otto on IKN has advice in how to vote on Nov30th in regards to AGM. My shares were bought on AIM and held in TD Direct nominee account. Can i vote and is Ottos advive sound? I was just getting optimistic about Minera and now this????

[maxoscar1] 11/11/2016 21:51

1.2 million ounces of gold another 600000 after drilling gold price $150 more an ounce than last year that's a billion dollar company no wonder they want to steal it .........there could even be more so does another 115 million shares(and it does state up to)really matter....and what price will they be sold at mmmmmmmmmmm let's wait and see.... GLA

[investment dave] 11/11/2016 21:41

This doesn't sound like a company that isn't going to relist?

[investment dave] 11/11/2016 21:34

Interesting thanks maxAn email from Frank O'Kelly, Chairman and Interim CEO of Latin American junior gold miner/developer, Minera IRL suggests that he, and his colleagues, now anticipate that the Ontario Securities Commission will shortly allow trading to resume in MIRL stock. Trading was suspended when the company failed to file its 2015 financials, a situation precipitated by the untimely death of the then Chairman and CEO, Courtney Chamberlain, and a subsequent internal struggle for control of the company.Since that time much has changed with regard to the executive management of the company: The former directors have been replaced and legal disputes resolved pursuant to an extraordinary meeting of the shareholders and the appointment of long term consultant to the company, O'Kelly, as Chairman and interim CEO. Mr. O'Kelly is a seasoned professional with many years of experience of mining in South America.The company is now completely up to date with its filings and the Board has been reconstituted with high profile individuals including most recent addition, Robert Schafer, President of Canada's Prospectors and Developers Association.The company has an operating gold mine in Peru in Corihuarmi, which is close to the end of its operating life. But its flagship project is a major advanced new gold mine development, Ollachea, located in Puno in the South of Peru. This project is fully funded by a Peruvian State Development Bank ($240 million facility of which $70 million has been advanced). The mine is fully permitted and has subscribed a 30 year social license with the local community. The mineral resource exceeds 2.40 million ounces Au and M+I reserves of 1 million ounces, which will sustain a production of 100,000 ounces of gold per annum for a decade. The company is presently drilling off an already constructed 1.2 km access tunnel with a target of adding an additional 600,000 ounces to the resource. The down dip extension which is currently being drilled reports intersections up to 20 m with grades from the only 3 holes for which so far have assays reporting 5 g/t Au, some 40% better grade than the main ore body which was delineated with 82,000 m of drilling. AMEC has filed a NI 43-101 compliant feasibility study.In anticipation of production by the end of 2018 the company has negotiated a fixed price turnkey EPC contract with Peru's largest mine construction company, Graña y Montero, and is currently assembling what it describes as a first class owner's management team. MIRL is in the process of commencing detailed design and placing orders for long lead capital items of equipment.The company reckons that there are only a handful of advanced gold projects in the condition of Ollachea and there should be enthusiastic acceptance from investors.This is a situation where prior controversy has depressed the share price to levels of an order of magnitude of what other less advanced gold project are commanding. There is a capacity for a very substantial increase in the share price.When trading opens, MIRL shares will be able to be traded on the Lima Stock Exchange and as a temporary measure on the Canadian CSE Exchange, whilst the company's application for reinstatement on the TSX is being processed.O'Kelly himself comments that he is anticipating the lifting of the OSC "cease trade order" any day now and that some shareholders may see this as an opportunity to dump the stock whilst others may recognize this as a unique opportunity to make a killing. His personal view, and he is not one prone to hyperbole, is that the stock is chronically undervalued. The writer has known O'Kelly off and on for over 50 years so writes with personal experience of his character.

[maxoscar1] 11/11/2016 21:30

Dave......type in lawriegold minera irl or type in siliconinvester someone has posted it on there too.........remember 30th November lets just see what happens GLA

[investment dave] 11/11/2016 21:20

How do you know about the emails max

[maxoscar1] 11/11/2016 21:18

Andy Dave and pottermagic......firstly I forgot to say in my last post I hope u are all well........Andy have a quick look at a guy called lawriegold he recently had an email from Frank okelly who he has known for over 50 years.......just one last thought before I go if like the last scumbags they are trying to steal the assets maybe just maybe Ollechea is worth much much more than last year.........I wonder if they have been drilling Andy only time will tell........GLA

[kirk 6] 11/11/2016 21:16

What do we do now? Vote again? Who's going the Agm? This does seem the same as last year!Don't know quite What the fuss is though as they seem keen on listing and drilling finance progressing well

[andy] 11/11/2016 21:01

max,

At the London presentation I'm as sure as I can be that they said they were drilling.

Surely they would have learned from last year that Diego will win?

Why try again?

Thanks for your input.

[maxoscar1] 11/11/2016 19:41

Andy Dave pottermagic........they tried this last year same amount of shares.......also haven't u realised we have had no update regarding drilling have they even been drilling.........where's the community in all this without them nothing happens.........like I said before Diego wins end of whether the mine hers built or not it stays in Peru they have signed a 30 year drilling licence......forget about ur investments for atleast another 2years minimum happy Xmas all takecare

[andy] 11/11/2016 19:33

I WAS!

Not sure any more now, this is just an ongoing farce if the blog report is true, and I don't doubt it is.





Page 2/87, special resolutions 8 and 9 seem to be what the fuss is about.

Prima facie it doesn't read well, no time to read it all.

[investment dave] 11/11/2016 18:19

Fair enough let's see what comes. Are you expecting minera to realist?

[andy] 11/11/2016 18:05

I have sent an email, let's see if I receive an answer to my questions.

This just stinks....

[andy] 11/11/2016 18:01

dave,

I think he wrote that, who do you think wrote it?

It's on his blog, he always gives credit for other people's work.

edit


"After an interesting afternoon meeting with Peruvian shareholders of Minera IRL (who control many millions of shares) it has become crystal clear to your author "

[investment dave] 11/11/2016 17:50

Andy I think potter may have a point. The blog is just copied on to the Ikm we page he hasn't written it just posted it. After all the positive events it could well be bull.

[kirk 6] 11/11/2016 17:49

When are we looking at listing on the Canadian stock exchange again? The BOD have been the ones talking about it and have secured finance.

[andy] 11/11/2016 16:39

potter,

The IKN has been spot on with Minera, and he calls a good many others too!

If he's posting it, I would pay heed to what he's saying!

[pottermagic2310] 11/11/2016 16:38

p.s. taking into consideration how basic things currently are at Ollochea, does anybody seriously expect COFIDE (for instance) to invest 10s of £millions in developing this Project to a profitable state or Rio Tinto (for instance) to flex its know-how contributing to Mine development and an eventual, modern operating environment, also at significant Cost, without taking a hefty slice of ownership ?

I can see how the proposed Shares the BoD are seeking to be able to issue would help facilitate this, giving 1 or more significant Investors a large chunk of the Business and future Profits... and that's Business for you.

It is disconcerting that all very minor Investors/PIs will be massively diluted but in reality we're not the ones who will actually make this happen, assuming the 90-day exploration results due to conclude by month-end are also of a very positive nature and this leads to the "Big Boys" committing to full Mine development at long last.

We've all been f##ked for ages now anyway so perhaps on the up-side maybe we will get to trade our Shares eventually and maybe we'll at least get our original Investment back ? Remember, today we all have completely worthless paper, we've lost everything we invested in MIRL... but maybe there's a glimmer of hope on the horizon to reduce our losses ???????