Minera Share Discussion Threads

[andy] 18/12/2015 23:31

Bam Bam,

One would hope that with a member of COFIDE on the board that might not happen!

The new CEO looks a good choice, IMO.

[bam bam rubble] 18/12/2015 20:23

then hopefully commencement of trading

Is it solvent enough? A long-term solution to the debt is needed, MIRL wouldn't be
the first AIM listed company taken to the cleaners by COFIDEs loans (see Maple Oil)

[andy] 18/12/2015 20:16

Dave,

Yes not a wise move in hindsight.

[alasparavolar] 18/12/2015 20:08

Perhaps he will take up permanent expat status in Canada?

[investment dave] 18/12/2015 18:51

SA EGM won't take place now. Just the complete of the accounts then hopefully commencement of trading.Andy - yes but pinto has shot himself over again. His list of enemies now more than most has he really taken money more importantly than health?

[alasparavolar] 18/12/2015 17:50

When will the Minera SA EGM take place?And will Minera keep Diego in place at the head of their wholly owned subsidiary?

[andy] 18/12/2015 17:40

Dave,

Let's hope so!

Clever move by Pinto to make the accusations he did just one day before the AGM, guaranteeing Benevides had no option but to stand down, otherwise it would have been thrown into disrepute.

These guys don't miss a trick, it's a dirty game.

[investment dave] 18/12/2015 14:41

Pinto and hodges will end up in jail http://elcomercio.pe/economia/peru/titular-minem-responde-sobre-minera-irl-y-luz-sur-noticia-1864808

[brian boru] 18/12/2015 13:31

thanks ID, hope you are right.........I was beginning to think the natives would blow up the mine but now looks like they may accept the new structure, fingers xxxxxxxxxd!

[investment dave] 18/12/2015 13:14

Brian I would probably suggest trading will resume mid January once documents are filled and maybe even CFO in olace

[andy] 18/12/2015 11:01

Let's hope that now the civil war is over the company can return to what it does best, mine gold!

[hazl] 18/12/2015 09:56

Probably applies to a lot of us as well 8-(

[andy] 18/12/2015 09:25

alas,

Exactamente!



Hazl,

Just some good humoured banter at Jaime Pinto's expense!

Pobrecito!

[hazl] 18/12/2015 08:17

Thank goodness for the Collins dictionary translation....thought I might be missing something important!

[brian boru] 18/12/2015 07:29

when will the company be listed again?

[alasparavolar] 17/12/2015 22:10

El que mal anda mal acaba.

[andy] 17/12/2015 17:37

Dave,

Yes looking at Bavin's track record I think they have appointed a quality man there.

They now need to unify and emerge untied to work together to improve shareholder value.

let's hope the dark days are over!



Jaime Pinto - Adios 'amigo', no hay mal por bien no venga :-)

[investment dave] 17/12/2015 17:22

Ikn link pinto and co could well end up in jail as they now have too many enemy's

[investment dave] 17/12/2015 17:21

The Jaime Pinto IRL bribery accusation reaches Peru's main newspaper, El ComercioThis is how the El Comercio report, published just a few minutes ago, starts (translated):"One day before being removed from the role of non-executive chairman of Minera IRL Ltd, Jaime Pinto dropped a bomb that puts under suspicion the system under which mining companies receive their environmental permits .

[investment dave] 17/12/2015 17:14

Yes but he won't have any say anymore

[andy] 16/12/2015 22:36

Dave,

Tu hablas espanol muy bien amigo!

The big question is whether Hodges is still pulling the strings in the background? I would like to see another person on the board from Benavides team.

[investment dave] 16/12/2015 20:36

What Minera IRL forgot to mention in its EGM news release of a few minutes agoHere's the link to the official IRL NR, which doesn't have the percentages of the votes. That's probably because company chair and Team Hodges lackey numero uno Jaime Pinto was voted out with 92% of the votes going against him. Roughly 131 million to 9 million.Bye bye Jaime.Ir also forgot to mention that Doug Jones and Robin Fryer were elected via a minority vote, that's to say there were more votes against them than there were for them. The reason they survived is that the agenda items were deemed "special" and needed 66.67% of votes in order to pass. Come the AGM next year, those two charming and engaging gentlemen won't have that type of protection. Worth thinking about.Bavin got 92% of votes in favour. Ramos around 86%.As for Diego Benavides withdrawing his nomination, I strongly suggest you read the minutes of the EGM when they become available. They will explain things very well, you'll have no need for biased commentary from either side afterwards. The IKN Weekly on Sunday will have a lot of details and thoughts about the result of the vote. It will also have a special section devoted to Jaime Pinto. And my stars Jaime, I've been waiting to publish on you vaya hijo de recontra mil putas que sos.

[investment dave] 16/12/2015 19:18

Yes what a BOD and what a result.

[investment dave] 16/12/2015 19:18

Kirk first link is in Spanish so used google translate. I trust you have it now anyway.

[kirk 6] 16/12/2015 19:16

Just seen this:Mr Bavin has more than 30 years of experience in mining (27 years working at Rio Tinto), former CEO and Director of Pan Global Resources and currently Director of Prism Resources and Exeter Resource Corp. He holds a MSc degree in Mineral Exploration from the Imperial College.Mr Ramos has more than 20 years of experience in finance. He is the CEO of COFIDE (Peru's state-owned second-tier development bank). He holds a law degree from Universidad de Lima and a MBA from Universidad Peruana de Ciencias Aplicadas. A further announcement will be made once regulatory approvals have been completed.The board would like to welcome Messrs. Julian Bavin and Jorge Ramos; and thanks Mr. Jaime Pinto for his exemplary service as Chairman for the past three months.