Minera Share Discussion Threads

[pottermagic2310] 05/12/2016 22:22

In another Universe they might hit 59p, based on a very positive, rose-tinted, everything's fine & dandy, all the pieces of the puzzle miraculously appear and fall into place Outlook... doubt it very much though... happy to be proven wrong, doubt that's going to happen either. VIVA EL PRESIDENTE !!!!



LOLs

[investment dave] 05/12/2016 22:02

Are you joking now potter? Surely. Diego owns a fair amount of shares as well and will return shareholder value. I for sure will be an avid buyer of the shares as soon as they relist on any exchange.

[pottermagic2310] 05/12/2016 21:54

Curious to know why O'Kelly has been quoted on 5th December when he's already departed and why he would apparently make reference to a "depressed" share price .. the share price is non-existent (FACT !!!!!), not depressed. That paragraph above is 100% BULL$H!T (FACT)

Who the F#C£ is Lawrie Williams ??!!!!! How is he suddenly an expert on Minera IRL, who are his Sources ?? He clearly isn't an expert as there are a number of key gross inaccuracies in that BLOG - FFS - another BLOGGER !!!!

The only thing any Shareholders who invested through AIM or TSX really need to know is that the Company is now under the full control of "El Presidente" following a long drawn out Coup.
You want real Company Info, this is where you might get it - no time wasted putting new Contact details in place !!:

FOR FURTHER INFORMATION PLEASE CONTACT:

Minera IRL Limited
Diego Benavides Norlander
Chief Executive Officer (aka El Presidente)
[phone]

Minera IRL Limited
Carlos Ruiz de Castilla
Chief Financial Officer (aka (El Presidente's Accountant !!!)
[phone]

Minera IRL S.A (aka El Presidente's personal Gold Mine)
Marco Arevalo Garland
General Counsel
[phone] - Oh !! - direct Line to El Presidente again !!!!

I don't ever expect to be able trade my Shares anywhere ever again nor at an share price that might get close to recovering my Investment - ROBBED

Good Luck to everybody else who might be a genuine Shareholder... but don't hold your breath. Ta-ra-a-bit

[investment dave] 05/12/2016 21:23

This is really boom time for shareholders 40-50p a share possibly if it ever re lists

[sergiosifuentes] 05/12/2016 20:42

Benavides new Minera IRL CEO

December 5, 2016 lawrieongold

In a move that many will consider should have happened some time ago, Diego Benavides – who has headed up the Minera IRL Peruvian operating company for some years – has been accepted onto the parent company board and will be the company’s new Chief Executive. Benavides will have been seen by the company’s Peruvian shareholders in particular as the saviour of the company in protecting the operating company’s gold mining revenues from the alleged predations of the Hodges Board, keeping the Ollachea community onside and being primarily responsible for negotiating the Ollachea financing deal with COFIDE.

In an announcement today, Benavides and three others, were welcomed to the Board by the company’s sole remaining director following the recent AGM. At the AGM three of the previous five directors did not offer themselves for re-election and a fourth, the Chairman and CEO, Frank O’Kelly was voted off the Board after a hard-hitting anti-Board campaign by Latin American focused blog, Inca Kola News who felt that some of the AGM proposals were designed to be for the benefit of Board members rather than the shareholders. While much of the anti-Board focus was aimed at the three Board members who stood down, O’Kelly was also voted off although his downfall was perhaps the perception that he did not exert sufficient control and guidance and that his choice of fellow directors was misguided. O’Kelly had been a long time consultant to Minera IRL dating back to the days of company founder – the late Courtney Chamberlain – and thus a long time associate of company co-founder Benavides. It was notable that in the announcement of the new Board, the remaining director from the old Board and Independent Chairman, Gerardo Perez, paid a tribute to O’Kelly thus: “I wish to extend my sincere thanks to Frank O´Kelly for his outstanding support in the management of our Company. It has been a pleasure to have worked closely with Frank.”

Now we hope that Minera IRL will be able to get on with the development of its flagship Ollachea mine where development is already well in progress. As O’Kelly himself pointed out prior to his being voted off the board of the company with which he had been involved for many years, Minera IRL has an operating gold mine in Peru in Corihuarmi, which is close to the end of its operating life. But its flagship project is the 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 world 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 reckoned O’Kelly.

He went on to note that companies like Dalradian command a market cap ten times that of MIRL, whilst possessing comparable resources but still have permitting and financing challenges ahead. Meanwhile MIRL has a producing gold mine, a fully funded project with all the permits in place, a 1.2 km access tunnel, an EPC fixed price contract with Peru’s largest mine construction company and a 30 year social license for the local community. One can count on one hand, he says, the number of gold projects as advanced as Ollachea.


IKN post

[pottermagic2310] 05/12/2016 16:31

LOLs !!! Now we will see won't we... VIVA EL PRESIDENTE indeed !!!!!

[andy] 05/12/2016 16:14

Viva el Presidente!

[haydock] 05/12/2016 14:58

Game, set & match ?

[brian boru] 05/12/2016 14:37

MINERA IRL LIMITED LMA SYMBOL: MIRL December 5, 2016 Minera IRL Announces Board Appointments and Management Changes LIMA, PERU--(Marketwired - Dec. 5, 2016) - Minera IRL Limited ("Minera IRL" or the "Company") (BVLAC:MIRL), the Latin American gold mining Company, is pleased to announce the appointment of Mr Diego Benavides as Director and Chief Executive Officer, Mr Michael Iannacone as Independent Director, Mr Gerardo Perez as Independent Chairman and Mr Carlos Ruiz de Castilla as Chief Financial Officer, effective December 5th, 2016. Mr Diego Benavides is a founding executive of Minera IRL and has been working full-time with the Company since its incorporation 15 years ago. He is a lawyer by training with a Masters degree in corporate leadership and business administration and with extensive experience in the Latin American mining industry and community relations. Prior to this appointment Mr Benavides held positions of Director and General Manager while incorporating several mining subsidiaries into Peru during the 1990's. Amongst these companies were Minera Newcrest Peru SA, Minera Mount Isa Peru SA and RGC Mining Exploration. Diego Benavides is one of the pioneers in Peruvian social conflict management, having applied innovative measures including share participation partnerships and other formulas to ensure that local communities benefit from mining activities in their areas. As a result Mr Benavides was appointed an Honorary Member of the Community of Ollachea in 2007, a unique privilege. Mr Michael Iannacone has been the Chief Financial Officer of Adventus Realty Services Inc, a significant and well capitalized Canadian Real Estate Investment Trust, since March 2013. Prior to that he was CFO of various companies listed on the Toronto Stock Exchange, TSX Ventures Exchange and the AIM London Stock Exchange. Mr Iannacone has extensive experience advising companies in the industrial and resource sectors. Michael Iannacone is a former Director of the largest marine bunkering company in the Vancouver Harbour and is also currently a Director of a TSX Venture Exchange listed company. He qualified as a Chartered Accountant in 1980 while working with Coopers & Lybrand (a predecessor firm to PwC) for more than six years. Mr Gerardo Perez, Independent Chairman, was appointed Director earlier this year, and has subsequently been elected by shareholders in the recent Annual General Meeting of the Company. 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 and a wealth of management experience. Mr Perez states, "I am delighted that Diego Benavides has agreed to join Minera IRL's Board of Directors and to assume the role of CEO. Diego brings with him a wealth of executive experience in Latin America supplemented by community relations and corporate skills which will contribute greatly to the execution of Minera IRL's flagship gold project at Ollachea. Also, on behalf of the Board we are delighted to welcome Michael Iannacone to Minera IRL and look forward to working with him. Michael will contribute important financial and capital market skills to Minera IRL which will be positive for the development of the Company. "I wish to extend my sincere thanks to Frank O'Kelly for his outstanding support in the management of our Company. It has been a pleasure to have worked closely with Frank. "Mr Carlos Ruiz de Castilla was appointed interim Chief Financial Officer for the Company in May of the current year. Previous to this appointment he held the position of Company Controller since July 2013. Carlos Ruiz has contributed outstanding work and we are pleased to appoint him as Company CFO." The current Board will continue the process of identifying candidates to fulfil remaining Director positions as required. Until such time, the Board is confident that the Company has sufficient management resources in place in order to continue with the day-to-day business of the Company, including best efforts to achieve immediate trading in Peru and to obtain the lifting of trading restrictions in Canada. 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. FOR FURTHER INFORMATION PLEASE CONTACT: Minera IRL Limited Diego Benavides Norlander Chief Executive Officer [phone] OR Minera IRL Limited Carlos Ruiz de Castilla Chief Financial Officer [phone] OR Minera IRL S.A Marco Arevalo Garland General Counsel [phone] Minera IRL Limited

[pottermagic2310] 05/12/2016 13:03

It's clear a couple of Posters directly above know exactly who "El Presidente" is.
That person has been very, very responsible over an 18 month period for ZERO shareholder value, IMO. All roads lead back to that person, time and time again.
Minera IRL (the quoted Business) has been hijacked & destroyed up to this point in time...

[investment dave] 05/12/2016 11:41

Diego is a large shareholder as well isn't he? Surely with him in the helm the business will generate enhanced share holder value

[sergiosifuentes] 05/12/2016 05:19

I see Río Tinto leaving all its interests in MIRL. That was the reason it became posible to get rid old directors named with Río Tinto votes. Next BOD must be a Diego Benavides desing, because he is the man we trust in Perú.

[kenj4] 04/12/2016 23:41

Quite plausible Pottermagic. Now perhaps you'll name this El Presidente. As he uses this title in public, you cannot possibly be abusing or libeling him. So stop playing games and tell us who you are referring to.

[pottermagic2310] 04/12/2016 21:51

So if the majority of the BoD of the day hasn't ever been able to influence things and the major II (Rio Tinto) is no longer using its voting rights, who exactly is pulling all the strings ?????
My view is that somebody else is pulling the strings, somebody who isn't a current Board Member and that the events of the past 18 months and current state of affairs has been orchestrated by that Party throughout.
All events that have unfolded over the past 18 months lead back to 1 critical event which was the responsibility of 1 individual... who by no coincidence (IMO) appears to have remained immune from the fallout that has prevailed ever since, refers to himself quite publicly as "El Presidente" !!!

[kenj4] 04/12/2016 18:39

Pottermagic, Directors always resign, they are too proud to be sacked, or terminated. The only other way directors leave is if they are voted down at a General Meeting, and even then most resign the day before rather than face dismissal.

[bigjake1] 04/12/2016 16:26

They just resigned?? I seem to remember it being a little more difficult than that getting rid of Hodges, Pinto, Jones and Fryer?? Then the 3 most recent rrsignations happened because the vote went against them. And that was because of the grand dilution scheme to get in on the cheap!! I didnt see any of these guys putting anything mu way

[pottermagic2310] 04/12/2016 16:05

BJ1 - can you provide any evidence at all that those people who sought or accepted Directorships only had 1 interest as you suggest ?
Do you (or any of us) actually have any idea as to why so many appeared so often and then "resigned" after just months with no explanation from them or the Business ?
Who invited them to become Directors ?
Who approved them becoming Directors ?
Who accepted their resignations?... termination wasn't mentioned by the way, only resignation, there is a difference
There appear to be only 2 recent appointments left in place, GP & CRdC - check out their prior history and it's possible to join some dots !!!
I'd be interested to see what Rawlinson & Hunter have on File at their Jersey Offices or what the Register of Members reveals that was filed in 2010 with the JFSC ??
Finally, anybody confident enough to call themselves "El Presidente" in the public Media & reveal Parent Company information before the Business itself does, must be far more influential (powerful) than all others - most of whom have now departed !!

[investment dave] 04/12/2016 12:15

Minera so all will be revealed soon? When?

[investment dave] 04/12/2016 12:12

So when we will get the shares listed again!!???

[bigjake1] 04/12/2016 11:14

The 9 directors that were appointed and dismissed seemed to only have 1 interest: lining their own pockets. New ones cant be mch worse and if they are theyll be sent packing also.

[minera] 04/12/2016 08:23

Finally someone with some brains as to what has happened in the past 18 months,are people on here dilusional there has been 9 directors appointed and dismissed. WHY?
Maybe 1 person his or her own agenda has been responsible all along....
How or we're does a Blogger on his Own website get his information from? Have any of you really given any thought. You are correct potter all will be Exposed very soon.
(DYOR) this person has been bankrupt twice and has never been a director why?

[andy] 04/12/2016 01:25

Potter,

Sorry I realise it's a personal question, probably best answered by private message.

I may be interested, watching the Canadian tax loss selling for opportunities currently, but another two weeks to go for the real bargains.

[pottermagic2310] 03/12/2016 22:36

How much have you got to throw away and assist me in breaking even?... LOLs

[andy] 03/12/2016 21:36

potter,

How many do you have?

[pottermagic2310] 03/12/2016 19:30

The only News important to MIRL now is COFIDE funding, which will be dependent on how the Exploration Results are received. I'm convinced they suggest there may be up to £240m of Gold available BUT what's the cost of making Ollochea fully operational and getting the stuff out ? The current Corihuarmi Mine costs are approaching $1000 per oz and it's been operational for years.

Remember also... COFIDE have already leant MIRL substantial Funds (the bridging loan) BUT the Business Plan was to move on from that to a much more substantial £240m longer-term arrangement for Project development & initial operational purposes, providing Ollochea is finanicially viable... is it ???
Rio Tinto have had all/most of their previous Investment repaid already, hence they'll only be interested in the share price rocketing and cashing in if it does.
MIRL has already spent some of the current Bridging Loan and is now indebted to COFIDE for full repayment plus back-dated Interest, plus future Interest, etc.

CSE may well be a route to additional funding in a new Market... but will Punters go for it if they know anybody who invested via the BVL, TSX and AIM have all been 'locked out' and currently hold worthless paper ???

The new longer-term COFIDE arrangement is the only step forward that really matters - it will indicate Ollochea is truly viable, it will change everything and may assist greatly with relisting on the TSX and AIM Exchanges. The alternative is that the Exploration Results aren't great and lack of confidence blocks new COFIDE financing, Ollochea is downgraded, the Company lacks sufficient funding to develop as planned and it's all over - except for continuing, local Artisan mining by the locals at Ollochea, who have already benefited from our spent investment !!.

You're all welcome to completely ignore all/any of the above and read a load of twaddle on a Blog elsewhere OR continue to simply think wishfully in fantasy world.

p.s. anybody want to pay me GBP £0.05 (pence) per Share still ???? I'll take it no problem !!!
;-)