Minera Share Discussion Threads

[andy] 28/11/2015 11:14

Kirk,

I see Otto is saying they can continue postponing the AGM ad infinitum.

And of course, he's saying that now the Minera IRL SA EGM to oust Benavides will occur first!

One would assume Benavides will try and postpone,and, if he can, this game can go on for a while.

I hope Benavides can postpone,because if he is ousted, then the subsequent action may be cancelled,and team Hodges gain full control. Otto is suggesting mines could be sold if that happens, so let's hope Benavides can keep one step ahead of these pillagers.


What a total shambles, and of course the losers are genuine hardworking taxpaying shareholders.

I more or less quit buying Canadian Stocks after the TSX and BCSC turned a blind eye to the fiasco that was St. Elias, and what is occurring here confirms my decision was correct.

If the regulators are failing to regulate, nobody is protecting innoccent investors!

And nobody seems to care!

[andy] 28/11/2015 00:44

kirk,

The same thing happened at St.Elias, yet the CEO managed to disallow all the opposing votes and declare herself the winner!

The TSX has some strange rules and court challenges are rare and expensive.

When the AGM came around again, the other directors resigned, and with only one director, the CEO, the company were suspended, where they remain so, now in suspended animation on the NXT.

THE CEO beat the shareholders by using market knowledge and the regulations available to help her.

The same seems to be occurring here................



an

[kirk 6] 27/11/2015 16:46

So we know who it is now and we also know Diego won by 90% of the votes.Think we can also conclude that Canadian law will not let this run much longer

[kirk 6] 27/11/2015 16:45

Minera IRLThe person who wants to buy the 19% owned by Rio Tinto is Graham Tuckwell of ETF Securities. His name has been doing the rounds in Lima for days on end, everybody knows down this way so there's no reason why you guys should be kept in the dark. And the Minera IRL Ltd NR on yesterday's clownfest is already out in London (link here), they're bound to put it on MarketWired in about half an hour.Anyway, here's share price Angel, from this link. As usual, right on the button.Minera IRL (LON:MIRL) SUSPENDED – EGM adjourned despite Rebels holding >90% of votes, questions over handful of shares• The chairman yesterday adjourned the Minera EGM. We are told the adjournment was over potential irregularities over a handful of shares.• Diego Benavides and his supporters are now forced to wait till the next EGM which can be called at anytime but no later than 17 December.• Long suffering shareholders must now wait, while the company is effectively paralysed, racking up costs at a time when, we believe >90% of the shares have been cast in support of sacking the entire board. Do Turkeys every vote for Christmas? We hope these turkeys get a proper roasting by shareholders when this is all said and done.• In a further twist: we are also told that a key shareholder has agreed to buy Rio Tinto's 19% stake and is seeking to be elected to the boardConclusion: Do Turkeys every vote for Christmas? We hope these turkeys get a proper roasting by shareholders when this is all said and done.* share price Angel analysts are expressing their own views and opinions in this analysis. share price Angel has no corporate connection with Minera IRL or its subsidiaries. share price Angel holds no shares in Minera IRL and does not have any current financial arrangements with the company.

[kirk 6] 27/11/2015 16:44

Some good news at last:

[kirk 6] 27/11/2015 13:46

Andy can't happen share holders own the company. The bod will be in jail next month

[andy] 27/11/2015 13:28

kirk,

Sorry busy yesterday,just seen this.

St.Elias Mines used the same sort of trick, where the chair of the meeting (the CEO!) disallowed all those votes against her, because the "proxy was deficient", therefore she 'won' with only a small percentage actually backing her.

This is how people become entrenched, they can use the rules to work against the shareholders who are the legal owners of the company.

They always have another ace to play, and my guess is they will use the time to try and persuade people to change their votes, and maybe disallow large blocks of votes to try and win.

All the tricks are being played here, I wondered what they would do, and here is the answer.

And Hodges has nothing to do with this company?

yeah right.

[kirk 6] 27/11/2015 11:19

Andy - what is your view

[kirk 6] 27/11/2015 11:19

This must be investigate and the BOD sent to jail This physically can't happen as it would happen at every EGM on any share.The stock exchanges should now take action

[kirk 6] 27/11/2015 11:17

Blatant criminal

[hutch_pod] 27/11/2015 10:51

Spangel....

Minera IRL (MIRL LN) SUSPENDED – EGM adjourned despite Rebels holding >90% of votes, questions over handful of shares

The chairman yesterday adjourned the Minera EGM. We are told the adjournment was over potential irregularities over a handful of shares.
Diego Benavides and his supporters are now forced to wait till the next EGM which can be called at anytime but no later than 17 December.
Long suffering shareholders must now wait, while the company is effectively paralysed, racking up costs at a time when, we believe >90% of the shares have been cast in support of sacking the entire board. Do Turkeys every vote for Christmas? We hope these turkeys get a proper roasting by shareholders when this is all said and done.
In a further twist: we are also told that a key shareholder has agreed to buy Rio Tinto’s 19% stake and is seeking to be elected to the board

Conclusion: Do Turkeys every vote for Christmas? We hope these turkeys get a proper roasting by shareholders when this is all said and done.

[kirk 6] 27/11/2015 09:21

Diego will have to postpone his EGM

[kirk 6] 27/11/2015 09:19

How hard is it to count the votes? How can you forge a vote ffs they need to be signed just check the signatures

[bcomms] 27/11/2015 08:54

FOR: MINERA IRL LIMITED

AIM, LMA SYMBOL: MIRL

November 27, 2015

Minera IRL Limited Reports on Extraordinary General Meeting of Shareholders

LIMA, PERU--(Marketwired - Nov. 27, 2015) - Minera IRL Limited ("Minera IRL" or the "Company")
(AIM:MIRL)(BVLAC:MIRL) announces that the requisitioned extraordinary general meeting of the Company (the
"EGM") convened yesterday in accordance with the Notice of Meeting previously sent to members of the Company,
has been adjourned to a date to be determined by the board of directors (the "Board") falling no later than
Thursday December 17, 2015.

Mr. Jaime Pinto, Chairman of the board of directors and Chair of the EGM provided the following explanation:

"Information was brought to the attention of the Board early on the morning of the meeting suggesting that
there may have been irregularities in the way the vote for the EGM was conducted. As Chair of the EGM, it is my
responsibility to determine the validity of the votes cast by proxy or in person. I have received evidence of a
potential violation of Ontario securities laws as a result of which a substantial proportion of the votes cast
by proxy, significant enough in number to alter the outcome of the matters to be decided at the EGM, were cast
on behalf of persons who do not have a corresponding economic interest in the future of the Company. Given the
significance of the decisions made at the EGM to the future of this Company and my duties both to the Company
and to the meeting, I therefore felt that I was unable to rule on the validity of the votes in question without
conducting a proper investigation.

The Board expects to be able to complete its investigations of these matters within two to three weeks, and in
any event by no later than Thursday 17 December. We will in due course be issuing further direction to the
market on when the meeting will be reconvened. In the meantime, the Board wishes to assure all relevant
stakeholders that it will conclude a properly diligent investigation of these matters as soon as reasonably
practicable."

All forms of proxy validly submitted in advance of the EGM will remain valid for use at the adjourned meeting
(save for the forms of proxy that are the subject of the board's investigation, about which no comment as to
validity is made).

Shareholders who have already submitted valid forms of proxy and do not wish to change their vote do not need
to take any action. Shareholders who wish to vote and have not yet submitted a form of proxy may do so in
advance of the adjourned meeting. Shareholders wishing to change their vote may submit a revised form of proxy
in advance of the adjourned meeting. All such forms of proxy must be submitted so as to be received by the
registrar of the Company, Computershare Investor Services (Jersey) Limited, c/o Computershare Investor Services
PLC, The Pavilions, Bridgewater Road, Bristol, BS99 6ZY, United Kingdom, by no later than 48 hours prior to the
time appointed for the adjourned meeting. Shareholders on the Canadian Registry may instead return their proxy
(so as to be received within the same deadline) to Computershare Investor Services Inc., Attention: Proxy
Department, 100 University Avenue, 8th Floor, North Tower, Toronto, Ontario M5J 2Y1 Canada. The completion and
return of a form of proxy will not preclude shareholders from attending and voting in person at the adjourned
meeting should they wish to do so.

Cautionary Statement on Forward-Looking Information

Certain information in this news release, including information about the Company's financial or operating
performance 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, 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.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Minera IRL
Eric Olson (COO)
[phone]

OR

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Henry Fitzgerald-O'Connor
Oliver Donaldson
+ 44 (0)20 7523 8000

OR

Buchanan (Financial PR, London)
Bobby Morse / Anna Michniewicz
[phone]

Minera IRL Limited

[kirk 6] 26/11/2015 18:51

Someone must know what's going on surely?

[kirk 6] 26/11/2015 18:26

Is the meeting still going on

[kirk 6] 26/11/2015 18:18

What's going on then who has won

[vish65] 26/11/2015 18:14

A great tribute to CC in above link . Worth a read.

[alasparavolar] 26/11/2015 17:16

Perhaps they are trying to reject the proposals on a "show of hands"?

[kirk 6] 26/11/2015 16:05

Anyone heard anything