Minera Share Discussion Threads

[investment dave] 12/12/2015 18:30

Mr otto has news out. Investigation terminated.. Could be a good thing

[andy] 09/12/2015 18:58

Dave,

LOL!

Yes how can you vote out a person not actually voted in?

It's like the Zimbabwean elections!

[investment dave] 07/12/2015 18:23

Jamie pinto and his bad past:http://incakolanews.blogspot.co.uk/2015/12/jaime-pinto-and-elliot-associates-full.html?m=1Hence why virtually all shareholders want him out I guess.But hang on they have voted him out...and he wasn't even voted in... But here he is at the helm haha This is film material

[andy] 07/12/2015 09:50

Dave,

Do you really think these guys will give up?

They know all the angles, I expect much more shenanigans personally.

Let's just hope the properties still pertain to MIRL by the time the EGM opens!

[investment dave] 07/12/2015 09:19

yes looks like it will happen now and we will find out the votes. Probably good news in a way only a week on Wednesday!

[kirk 6] 07/12/2015 07:43

EGM on 16th now

[andy] 06/12/2015 17:23

Kirk,

The FCA are useless, even if they do intervene it will be all over long before then.

The FCA are not interested in the private investor, been proven many times, the most recent example, Quindell, where they were informed over a year before, and did nothing.

Now the SFO are running with it and the FCA have let it go.

[kirk 6] 06/12/2015 14:27

Surely the Fca can't let this happen though. What is the point if this doesn't get stopped?

[andy] 06/12/2015 12:56

My guess is that the BOD who have been voted out, and won't release the voting numbers, are busy trying to encourage the large block of 19% to switch sides, then they will have another vote.

They obviously studied Zimbabwean electoral history!

The fact they are allowed to do this is a disgrace and brings shame down on the LSE and TSX,and everyone backing these actions sch as the NOMAD.

All snouts in the trough though, so nobody will call foul.

[kirk 6] 06/12/2015 10:25

What next then? Good information above Dave an would advise all shareholders to take action

[investment dave] 04/12/2015 15:38

Another cracking post from lse8. Shareholders in the UK have recourse through class action against the board. I haven't done a lot of research on it though. I've done some for Canada though. I've spoken to several lawyers this week that say there is likely the ability to sue personally Pinto Jones and Fryer. You need to be careful though. You don't want to sue Minera IRL. You would be suing yourself as a shareholder. Canada has something call a derivative class that you can take against the directors of a company for harm they caused shareholders. More on this another day I guess. I need to get a lawyer who can really help me on this. So far so good but plenty of nitty gritty to go.9. I implore any shareholder reading this to explore all available avenues you have. You have rights as a shareholder. I'm depressed that larger shareholders than myself aren't pursuing lawsuits yet but maybe the one to make it happen is me or you. Stop with the hand wringing and do something to protect your rights. Stop waiting for others to do things for you. This is small chump change company to many people but for 500 others it is their livelihood. FOr me it is a moral duty to stand up against evil to protect me and my family. If I have 1 share or 10 million shares (I do have more than Fryer/Pinto/Hodges/Jones combined) I want to fight evil and see holy justice prevail. Don't be like my brother, he has 5x more shares than me and he's like off the end like Maxo, just gave up and call it a loss. Don't give up. Light can prevail against the forces of evil. It takes patience and determination but we can win.

[investment dave] 04/12/2015 14:48

Cracking post on lseeljay 1 postsHow you get some justiceChannel your energy friends. You may be just a bit piece shareholder but you have rights. Pinto Fryer and Jones have obligations.Here's what you can and should do:1. File a complaint with the OSC. Specifically that the board is refusing to disclose the result of the vote. That is the rule they broke. OSC's job is enforce disclosure of information. I and other's have filed complaints. I've gotten response that they are taking it seriously and investigating. Here is the link to file a complaint. [Link Removed]You don't need to be living in Canada, you just need to have the ability to complain an d have the ability to delineate your argument in English or French. Maxo get your brain together and spell/grammer check on if you're going to tackle this one. More the merrier!2. Robin Fryer is a CPA in the USA. That means he is bound by a VERY strict code of ethics. Complaints are by snail mail only. Details here: [Link Removed]Familiarize yourself with their code especially "Acts Discreditable" and the "Conduct of members in business" also familiarize with this [Link Removed] as that will be his line of defense.Here is the codePut together a good argument. I'm working on mine. Here's the bad things that Robin Fryer has done: he announced the intention of a dilutive equity offering should Pinto "Not Hodges" get control (hurts existing shareholders), he allowed the shareholder vote to not be revealed by Pinto at the 11/26 EGM - this is the killer. OSC "should" get him for this. So should the AIM (and Canaccord, more on that later).Anyway, a deluge of complaints to the AICPA will cause a harmful investigation with a high probability he loses his CPS, rendering him useless as an accountant and totally shamed out of the industry. He deserves it. He is trying to steal from shareholders. He has not disassociated from Pinto or resigned the board as the code requires therefore he is working with Pinto. His comments about the dilution indicated where his loyalty lies and he needs to go down hard for it.3. Jones is a member of the the Aussie Professional Geologist. They have a code of conduct as well. Their's is much simpler and he has broken rules 3,6,and 9. Put your argument to pen and take him out as well. It will virtually destroy his career and any credibility he has in the mining industry. Here's the complaint form: [Link Removed]Here's the code of ethics Removed].au/content/default.aspx?ID=121

[andy] 04/12/2015 09:02

Hazl,

Interesting, Benavides hasn't done himself any favours 'if' he has lied about Pinto's powers to sell the mines.

IF that was a lie, it was stupid because he is now on the back foot, but we will await the response before making any rash judgements.

This is full blown civil war!

[investment dave] 03/12/2015 23:09

Andy surely not

[andy] 03/12/2015 21:53

"Minera IRL S.A. has taken notice that the non executive Director of Minera IRL Limited, Mr Jaime Pinto, has been granted full powers by the current Board Minera IRL Ltimited"

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I guess that means the other side can dispute it, or ignore it?

Can he sell assets when he has effectively been voted out already?

[investment dave] 03/12/2015 17:15

Looking at it the current BOD are forced to have the EGM before the 17tg

[investment dave] 03/12/2015 16:45

Interesting. How can pinto be in charge when he was voted out lol

[kirk 6] 03/12/2015 11:40

Lima, 2 December 2015: Minera IRL S.A. announces that the shareholders meeting previously organized for 3 December, cannot be held, due to a request by shareholders, to fully comply with legal procedures in accordance with the General Corporate Laws of Peru.The Directors of Minera IRL S.A. will meet next week, in order to define a new date to convene the meeting. In accordance with procedures established by law, the new date, time and place for the meeting will be published in the newspaper El Peruano, complying with the request of shareholders.The agenda for the shareholders meeting of Minera IRL S. A., proposed by shareholder Minera IRL Limited, seeks to revoke the duties of the actual Directors and General Manager and to name new representatives. In regard to this, Minera IRL S.A. considers it best practice to first know the composition of the new Board of Minera IRL Limited and is awaiting the announcement for the new date of the shareholders EGM that was suspended in Canada on the 26 November, 2015.Transference of AssetsMinera IRL S.A. has taken notice that the non executive Director of Minera IRL Limited, Mr Jaime Pinto, has been granted full powers by the current Board Minera IRL Ltimited that allow him to transfer, sell, dispose and deal the assets of Minera IRL SA and its subsidiaries, including the Corihuarmi Gold Mine and Minera Kuri Kullu S.A., the owner of the Ollachea Gold Project.The Company considers it necessary to maintain continuity and stability in both these assets, that employ more than 500 people and have commitments with numerous Communities in their areas of influence, as well as agreements with authorities in the mining and energy sectors, environmental responsibilities and financial institutions amongst others. These issues will also be evaluated by the Board of Minera IRL S.A. in relation to the announcement of the new date for the shareholders meeting.

[kirk 6] 03/12/2015 11:34

On the ikn link

[andy] 03/12/2015 09:54

where was that announced please?

[kirk 6] 03/12/2015 08:35

Yes this is so blatantly wrong from all perspectives regulators will have to step in.

[boadicea] 03/12/2015 08:23

It is very difficult to see how that can be legal.
It is clearly time that whatever authority is supposed to have jurisdiction over the company issued an order freezing all company assets and probably those of the Directors also, until this is sorted out.

[kirk 6] 03/12/2015 07:49

Transference of AssetsMinera IRL S.A. has taken notice that the non executive Director of Minera IRL Limited, Mr Jaime Pinto, has been granted full powers by the current Board Minera IRL Ltimited that allow him to transfer, sell, dispose and deal the assets of Minera IRL SA and its subsidiaries, including the Corihuarmi Gold Mine and Minera Kuri Kullu S.A., the owner of the Ollachea Gold Project.