Minera Share Discussion Threads

[coley47] 03/4/2016 01:05

I agree ,but the whole thing seems to be just dragging on and on.I thought that once they had put the delayed figures ln things would move on fast!!.

[pottermagic2310] 01/4/2016 18:34

We're all in this together and only a positive Outcome in terms of being operational, profitable and the Shares tradeable will put a smile on all our faces. Personally, I'll be okay if we see an share price of (GB) 4p or more anytime in the future (without further dilution naturally), so I'm just going to sit tight for however long it takes

[worrier] 01/4/2016 15:44

I met Courtney several times at Mines and Money conferences and I'm sure if he had remained at the helm we wouldn't be where we are today. I've an interest in the miners as I was 7 years on the mines in S.A. in the 70's.

[worrier] 01/4/2016 15:36

Ha ha I'm up in the 30p range. I continued to average up in the good times then it went off my radar.

[investment dave] 01/4/2016 15:15

What's your break even worrier

[worrier] 01/4/2016 14:58

Wow we might see some value unlocked here one day!still holding but a long way to go to breakeven.

[haydock] 01/4/2016 13:43

Alliance trust are initially & amazingly already sending for a certificate.
The CDN change will come later & it may be O.K. in their ISA.

[andy] 01/4/2016 13:32

I think the issue is people are holding AIM listed shares within their ISA, how do they become TSX listed ones within the same ISA?

There will have to be a process, as the shares are registered in the UK rather than Canada, as far as I understand it, although open to correction if anyone knows for sure.

[pottermagic2310] 01/4/2016 13:15

It surely shouldn't matter which Exchange the Shares end up quoted on, as long as they can be dealt somewhere and as long as we have access to a Dealer that can/will support that Market. My main hope is that we see a re-listing back on the Toronto Exchange as a first step.

[coley47] 01/4/2016 10:42

my broker has said the same! Does this mean that we cannot replace the ISA allowance on AIM??

[investment dave] 31/3/2016 17:39

Minera IRL appoints O'Kelly to BoardMarch 31, 2016lawrieongoldThe long running Minera IRL saga is gradually being resolved. The latest move is the resignation of Eric Olson as Chief Operating Officer and the appointment of Francis O'Kelly to the Board as a non-executive director. To an outsider this may not mean very much, but Olson was very much a member of the group, led by Daryl Hodges, which dissident shareholders felt had usurped control of the company following the untimely death of former CEO Courtney Chamberlain. O'Kelly was a long-time consultant to the company and was close to Chamberlain for many years, and has an understanding of the company's assets and potential which few others will have possessed.I should declare a personal interest here – I have known Frank O'Kelly off and on for many years – we were at the Royal School of Mines together back in the 1960s studying mining engineering, and I rate him as a personal friend. He has a strong independent opinion on how Minera IRL should progress and as a consultant was not always in agreement with some of Chamberlain's executive decisions, but was also strongly against many of the moves proposed by the Hodges controlled board following Chamberlain's death.The new Minera IRL Board comprises therefore Julian Bavin, Francis O'Kelly (both of whom were on the alternate slate of directors which was put up by dissident shareholders last year) together with Robin Fryer and Douglas Jones from the existing boardThe Peruvian operating end of the company continues to be run, as it has been all along, by Diego Benavides – the founder of Minera IRL along with Chamberlain. But now relations between the parent company and its Peruvian operating subsidiary should be in harmony rather than in conflict and it can move ahead with the securing of its financing through Peruvian state-controlled bank COFIDE and subsequent development of its flagship Ollachea gold project.

[investment dave] 31/3/2016 17:37

I presume the shares will be transferred to an enlarged market cap on the tax???

[neudarian] 31/3/2016 15:53

What are the possible permutations/scenarios for us UK holders if it only gets listed/relisted on TSX?

[boadicea] 31/3/2016 14:50

I can find no evidence of its delisting from TSX, only suspension, as shown by these two announcements - the second one specifically corrects the first!





The announcements appear on advfn under TSX:IRL which is the TSX trading symbol for MIRL.

Having been told by my broker that it no longer qualifies for an ISA, I am wondering if they have overlooked the TSX listing (trading suspended) or whether a suspended trading listing does not qualify.

[andy] 31/3/2016 13:36

Dave,

Excellent news, let's hope it's the TSX and not the CSE!

Maybe an ISDX listing here (cheap) would benefit UK holders?

[investment dave] 31/3/2016 11:30

More good news:Minera IRL will look for more gold in Ollachea and its return to the stock marketFavourable winds and blowing for Minera IRL. Sector sources told Gestión that the relationship between the financial entity Cofide and the community of Ollachea (Puno) are still in good conditions after the situation generated in 2015 by the directorate of Minera IRL and the ex-presidents Daryl Hodges and Jaime Pinto, both of whom having been voted out (of the company) with more than 93% of shareholder votes against them. It is also understood that, in compliance with the mandate subscribed with Cofide, Minera IRL S.A. expects to begin an additional drilling program in Ollachea in May in order to increase its gold resources.Return to the stock exchangeRecently, the Minera IRL Ltd parent company stopped trading on the London AIM exchange, which will allow the company a significant cost saving as the exchange is an expensive one in which to list. Regarding this, the company last week sent a notification to the Lima Market Superintendency in which it reiterated its solicitation for an extra 30 days in order to evaluate its return to the Lima Stock Exchange (BVL).According to information supplied to Gestión, Minera IRL expects to maintain its BVL listing and to re-list in Toronto in April, the reason behind the aforementioned solicitation. The noteActivitiesDiego Benavides continues as President of Minera IRL S.A. and Kuri Kullu Mining Company S.A. Also, Cofide is still interested in completing the mandate for the U$240m debt financing package. We were told, "The company is looking to create value for its shareholders".

[investment dave] 29/3/2016 17:47

Hazl yes and potentially at a higher share price if minera get the confide funding

[andy] 29/3/2016 09:24

Dave,

I don't, I sold when the problems first arose, I don't like uncertainty, and I know how Canadian management battles can go, and wanted none of that.

If they list again in Canada or UK I will buy back.

I was looking through some old business cards last week and I met Diego Benavides at PDAC in 2011.

[hazl] 29/3/2016 09:14

Yeah....but I had written this off.
If there is still a chance it will come back from suspension I for one, am grateful!

IMO

[investment dave] 28/3/2016 19:22

Mr. O'Kelly has an extensive background in Mining and Mining Finance. In his early career he worked in mines in Central and South America initially as a shift boss and ultimately as manager of a large gold mine. He then transferred to the banking sector and was appointed VP Mining at J P Morgan. He subsequently co-managed a mining investment house and ultimately worked on M&A mining projects for Standard Bank. He currently runs his own company dedicated to consulting to the mining sector. Mr. O'Kelly holds an honors degree in Mining Engineering awarded by the Royal School of Mines, Imperial College. He is a fellow of the Institute of Mining

[investment dave] 28/3/2016 19:05

Andy who do you hold shares with ?

[andy] 28/3/2016 19:03

good to see Olson gone, and the old guard expunged.

[investment dave] 28/3/2016 17:48

The two best bits from today's Minera IRL news releaseThere are two best bits, the best bits are two:1) Those who followed this story last year are bound to remember how the usurpers in Team Hodges claimed that the delay to the filing of the financial reports was due to Diego Benavides hiding things, and corruption and refusing to co-operate and all types of vitriolic attacks against the person who was stopping them from asset-stripping the company and selling the Ollachea project to a ready-and-waiting third party (juicy commissions guaranteed). Here we are in March 2016 and the reason for the non-filing is now, "... uncertainty about the costs of eventual closure of the Corihuarmi mine in Peru, and related matters".Ain't that cute? If you can't read between the lines on this one there's little hope for you, but just in case you need a second hint as to who has won out in the internal fight...2) Check out this photo of the famous press conference held by Jaime NOT HODGES! Pinto and his cohorts, a presser we featured in this post on the day of the gig, November 18th.With the exit of Eric Olson announced today, all five of the Minera IRL Ltd people who were at that presser on November 18th no longer work for Minera IRL, all have "been resigned" from the company. Now do you get the picture?Here's today's press release, read and enjoy, we're darned close to getting all this mess sorted out now. Bye Bye Team Hodges, thanks for all the IKN posting opportunities.LIMA, PERU--(Marketwired - March 28, 2016) - Minera IRL Limited ("Minera IRL" or the "Company") (BVLAC:MIRL) is pleased to announce the release of its delayed June 2015 interim financial statements, and the appointment of Mr. Francis O'Kelly as a non-executive director of the Company with immediate effect. The company also announces the resignation of its Chief Operating Officer, Mr. Eric Olson.Financial StatementsAs reported previously, completion of the June 2015 interim financial statements was delayed because of uncertainty about the costs of eventual closure of the Corihuarmi mine in Peru, and related matters. An international consulting engineering firm retained by the board to review these matters has completed its work and issued its report, and the findings have been reflected in the June 2015 interim financial statements. These statements will be released today and posted to the company's website at www.minera-irl.com and within the Company's SEDAR profile at www.sedar.com.Directors and OfficersMr. O'Kelly has an extensive background in Mining and Mining Finance. In his early career he worked in mines in Central and South America initially as a shift boss and ultimately as manager of a large gold mine. He then transferred to the banking sector and was appointed VP Mining at J P Morgan. He subsequently co-managed a mining investment house and ultimately worked on M&A mining projects for Standard Bank. He currently runs his own company dedicated to consulting to the mining sector. Mr. O'Kelly holds an honors degree in Mining Engineering awarded by the Royal School of Mines, Imperial College. He is a fellow of the Institute of Mining & Metallurgy, Chartered Engineer and Associate of the RSM.In addition, the company reports that the Chief Operating Officer, Mr. Eric Olson, has tendered his resignation with effect from 31 March 2016. The board wishes to thank Mr. Olson for his valuable contribution during his time with the company. The board is in the process of considering candidates to fill this role and other senior roles in the company.Share