Minera Share Discussion Threads

[bigjake1] 01/12/2016 18:54

Nice one max, even Potter magic! ! lol
Hope this gets moving now

[maxoscar1] 01/12/2016 18:50

Andy Dave Sergio and even pottermagic.........have a look at ikn blogg one last message.........I think this will all work now let's stay in touch we have all stuck together so far.....GLA

[andy] 01/12/2016 17:44

sergio,

I agree a COFIDE representative n the BOD is imperative, IMO.

Diego too, I think,and Boland as suggested by Ken above,given his choice of walking last time,and preserving his reputation in the process..

[sergiosifuentes] 01/12/2016 17:08

I expect to have to Diego Benavides (or some confident person of him) at Minera IRL Limited directory. And the listíng in Canada in the short run. Maybe another COFIDE executive in the directory.

Final drilling results at the end of december, and new studies finished at 2017 first quarter.

[investment dave] 01/12/2016 16:52

What will now or next?

[pottermagic2310] 01/12/2016 12:05

This is potentially doomed from a UK/AIM/TSX PI Shareholder perspective.
Everything will now depend solely on COFIDE funding, itself based on exploration results and Mine viability.
The worthless Paper remains worthless.
:-(

[andy] 01/12/2016 08:39

Bigjake,

Just what I was thinking!

IKN will be pleased Weyrauch withdrew.

O'Kelly looks to have paid the price for being asleep at the wheel, shame I think he's a decent guy at heart.

[bigjake1] 01/12/2016 06:45

Now i hope Mr Perez doesnt appoint a new set of rascals!!

[sergiosifuentes] 01/12/2016 06:12

November 30, 2016 22:52 ET

Minera IRL Limited Announces AGM Results
LIMA, PERU--(Marketwired - Nov. 30, 2016) - Minera IRL Ltd (BVLAC:MIRL) (the "Company") announces the results of the Annual General Meeting of Shareholders held on November 30, 2016 in Vancouver, Canada (the "AGM").
The Company put forward nine (9) resolutions to be voted on by shareholders at the AGM. The resolutions were outlined in the Management Information Circular dated 25 October 2016 that were posted to shareholders and is available on the Company's website at www.minera-irl.com.
A brief description of the matters voted upon and the voting results of the AGM are provided in "Appendix A - Meeting Results" at the end of this press release. The total number of ordinary shares represented by shareholders present in person or by proxy at the Meeting was 75,919,070 representing 32.8% of the Company's outstanding ordinary shares.
Board of Directors
Pursuant to the articles of association of the Company (the "Articles"), each of the five directors of the Company in office prior to the AGM were proposed for election/re-election at the AGM.
Prior to the AGM, each of Mr Julian Bavin, Mr Derrick Weyrauch and Mr Robert Schafer withdrew their consent to stand for election/re-election and as such the resolutions relating to such directors were not put to the AGM. Accordingly, each of Mr Bavin, Mr Weyrauch and Mr Schafer are no longer directors of the Company.
The resolutions to elect/re-elect each of Mr Francis O Kelly and Mr Gerardo Perez were put to the AGM.
The resolution to elect Mr O Kelly was not passed and as such Mr O Kelly is no longer a director of the Company.
The resolution to elect Mr Perez was passed and as such Mr Perez remains the sole director of the Company.
Pursuant to the Articles, Mr Perez has authority to appoint further directors. The minimum number of directors with which the board can make substantive decisions is three, so Mr Perez intends to appoint an additional two or more directors as soon as practicable.
Other resolutions
The resolutions to accept the financial statements of the Company for the year ended December 31, 2015 and to appoint PKF Littlejohn LLP to be the auditor of the Company for next year were passed.
The resolutions to adopt new articles of association and granting the directors the authority to allot up to 115,567,514 ordinary shares without the application of the Company's pre-emptive rights described in Article 6.1 of the Articles did not pass, and will not be put into effect.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

[minera] 30/11/2016 12:51

Maxoscar1, Courtney's son will not be CEO, you are all being played by false and misleading info from bloggers...!!! Which coincidentally is getting information from were I wonder??

[haydock] 29/11/2016 09:09

Updated Resource Estimate and Timing of Future Studies The Company will begin a resource estimate for Minapampa Far East that will include 5,421 m of drilling upon receipt of all assay results and other supporting information. This is expected to occur towards the end of December 2016. The Company anticipates disclosing the updated resource estimate and the results of an updated feasibility study in the first half of 2017.

[investment dave] 28/11/2016 23:46

"Positive drilling results"

[pottermagic2310] 28/11/2016 22:23

Not sure if those exploration Results are promising or not ?
Suggests there may be about £225m of Gold retrievable based on some very basic calculations, which excludes whatever the remaining Drill Holes present at a later date.
What will all of this mean by year-end/January in terms of the Mine's cost-effective viability ?

[sergiosifuentes] 28/11/2016 20:44

Partial drilling results have been published

[sergiosifuentes] 24/11/2016 22:50

No Formal information about drilling results at Minapampa East is a great reason to vote against this directory. November 8th is the date when the three months off drilling was completed from the original press Release of August 8th

On october 25th Diego Benavides said drilling results and new studies would last one more month and that time is also finishing

[pottermagic2310] 24/11/2016 22:42

I've never expected real news about the exploration drills until November month-end and I expect it's no coincidence at all that the AGM is timed for month-end too and that key Agenda items relate to the avenues that may need to be pursued to secure the right backing on a number of fronts if Ollochea is ever to be properly developed to its true potential.

Still be nice if any Peruvian holders or Otto/IKN could post some tangible evidence of drilling activities up at Ollochea....

[andy] 24/11/2016 21:47

max,Sergios,

Interesting comments.

[maxoscar1] 24/11/2016 20:50

Pottermagic.......I agree it would also be nice if the BOD had given an update on drilling as stated in there NR during the 90 days.......mind u Mr Frank Okelly dos mention to Lawriegold that drilling was going well and hopefully increase reserves by another 600,000 ounces even in today's price that's another £300 million added to the ollechea project........WOW that's nearly £900 million quid........who's gonna win let's wait and see

[pottermagic2310] 24/11/2016 20:15

I tell you what would be really great information for somebody posting on here to share with fellow Shareholders... up-to-date Images of Ollochea !!

I wonder if any of our Peruvian posters can accommodate, or maybe Otto of IKN took a few snaps whilst up there recently.

Would be a nice touch for the rest of the global PI community...

[sergiosifuentes] 24/11/2016 15:54

Well said, Andy. Its better to wait for a directory with the shareholder interests and at the same time having shares relisted and drilling results at hand than vote for this directory that want things going forward but we dont know which way (probably dilution through his "friends"). My thought is Cofide wants to achieve the Ollachea financing (because of Perú goverment goals to increase investment and production inside the country) and dilution through friends it is not his first objective.

[bigjake1] 24/11/2016 11:40

Andy; i agree. I've found Otto to be spot on on most things and i trust his judgement on this matter. I'm just off the phone with TDDirect where i cast my votes 1 to 9 as per Ottos advice. Now we wait. Again

[maxoscar1] 24/11/2016 07:55

Andy Dave pottermagic..........hope ur all well............please remember once the community are upset Ollechea won't be built......I did say Diego would win either way didn't I........this is nothing to do with shareholders it's Rio v COFIDE wait and who wants the bigger slice of the cake GLA

[andy] 24/11/2016 07:12

potter,

Interesting thoughts, I've always considered him to be straight, and most of what he predicts does happen, he's normally pretty accurate.

He seems to know some large holders of stock in Peru, so despite where the votes are being counted, it's how they're being cast that's important, surely?

His agenda seems to be onside for shareholders, whereas an agenda to change the jurisdiction to enable the issue of countless shares without a shareholder vote seems to be against shareholders, IMO.

Once done, they won't qualify for an AIM listing of course, so not good if you're a UK based shareholder.