Minera Share Discussion Threads

[investment dave] 26/10/2016 20:19

Wow that is excellent read. Even mentions loyal shareholders for what I can see!!!

[investment dave] 26/10/2016 20:01

English please (-:

[andy] 26/10/2016 19:41

Sergio,

Muchisimas gracias, se lee muy bien.

Me gusta esto:


"El ejecutivo estima que Ollachea iniciará producción en el cuarto trimestre del 2018, es decir, un año más tarde de lo inicialmente programado.

“Lamentablemente, la compañí;a se neutralizó en el 2015, y eso nos hizo perder casi un año. Pero, después de todo, podemos decir que hemos ganado por knock out”, sentencia."


Ojala que si!

[sergiosifuentes] 26/10/2016 15:21

MARTES 25 DE OCTUBRE DEL 2016 | ‪19:32‬
Minera IRL y Graña y Montero se unirían por proyecto Ollachea
Ejecutivo de Minera IRL explica que GyM se enfocaría en desarrollar la ingeniería y la construcción del proyecto

La calma retorna a Minera IRL. El productor aurífero ha vuelto a alinear sus objetivos, tras poner punto final al enconado conflicto interno (entre sus directores) que paralizó sus iniciativas en el 2015.
Seguir a @EconomiaECpe
 
Prueba de ello es que ha reactivado el desarrollo de Ollachea (Puno), su proyecto más emblemático. Pero no solo eso. Para que no quede la menor duda de su intención de construirlo, la minera ha recabado el concurso de Graña y Montero (GyM).

Así lo reveló Diego Benavides, presidente ejecutivo de Minera IRL S.A., en el XVIII Congreso Peruano de Geología. “Estamos muy cerca de firmar una carta de intención con GyM para iniciar el desarrollo de Ollachea”, anunció en este foro.  

¿En qué consiste dicha asociación? En conversación exclusiva con  Día1, el ejecutivo explica que GyM se enfocaría en desarrollar la ingeniería y la construcción del proyecto.

“Lo que Minera IRL quiere es reforzar la tranquilidad de sus accionistas, que han sido leales a la empresa durante un año, pese a una situación que los ha impactado. En ese sentido, la asociación con un grupo de gran prestigio [como GyM] va a añadir gran valor a la compañí;a”, apunta Benavides.

En esencia, lo que busca el productor aurífero es consolidar su imagen para poder acceder a la segunda parte del financiamiento de US$240 millones de Cofide, del cual depende la construcción de Ollachea.

Para obtenerlo, Minera IRL debe cumplir con dos prerrequisitos: el primero es perforar 5.200 metros con la finalidad de hallar más recursos minerales; y el segundo es atraer a un contratista para que desarrolle la ingeniería básica extendida hasta en un 30%.
“Allí se sabrá cuál es el costo final del proyecto. El siguiente paso será la firma del contrato de ingeniería, procura y construcción”, detalla Benavides. 

PLAN DE DESARROLLO


El objetivo inmediato de Minera IRL es sumar más recursos auríferos con la campaña de perforación de 5.200 metros, que ya lleva un 70% de avance. En paralelo, publicará el estudio de optimización del proyecto, el cual busca reducir la inversión de capital, de US$170 millones a US$150 millones.

“El estudio está previsto para unos 30 días más y se nutre del aporte de consultoras internacionales. Por ejemplo, inicialmente pensábamos procesar 3.000 toneladas diarias de mineral, pero creemos que podemos procesar 1.700 sin variar el nivel de producción”, apunta Benavides.

El ejecutivo estima que Ollachea iniciará producción en el cuarto trimestre del 2018, es decir, un año más tarde de lo inicialmente programado. 

“Lamentablemente, la compañí;a se neutralizó en el 2015, y eso nos hizo perder casi un año. Pero, después de todo, podemos decir que hemos ganado por knock out”, sentencia.

[investment dave] 20/10/2016 16:55

Just the money have you been keeping up to date with the current situation ?

[pottermagic2310] 20/10/2016 16:52

Who are the Crooks now on-board ? I thought the previous, short-term, interim (UK) BoD were supposed to have been the Baddies, up to no good ?

[justthemoney] 20/10/2016 14:30

doubt current ORD shareholders will see any return ever.
more likely to be total debt-for-equity swap. the only option for current ORD equity is that company either borrows as a bank loan or bonds secured against assets, so that equity is not diluted. given crooks on the board who deliberately delisted shares from AIM, cannot see anything good happening here. company will prosper, but the current ORD shareholders should kiss good-bye to their money. anyhow there is nothing we can do, but wait and see. hope I'm wrong. IMO, DYOR.

[investment dave] 19/10/2016 12:52

ikn - Jamie Pinto goes to a geology class. It looks like Diego is giving lectures on the Ollachea project

[pottermagic2310] 17/10/2016 13:11

90-day exploration should be complete in about 2 weeks.
Hopefully there will be revealing News about the quantity & quality of Reserves identified.
Hopefully that will convince major Investors to release Funds to get the Project moving towards full development & production.
Such good News would in theory provide a perfect opportunity to relist in the preferred Markets.
I'm personally hoping the complete lack of news to-date could mean all of the above is on the verge of surfacing and then "we're back" !!
;-)

[investment dave] 16/10/2016 13:15

Till the 90 days Is up so hopefully relist somewhere

[andy] 16/10/2016 13:06

potter,

Which news is that?

[pottermagic2310] 16/10/2016 12:42

2 weeks and counting until the next BIG News.... tick, tock....
;-)

[andy] 10/10/2016 21:52

djt59,

Well I'm pleased you say the CSE has become more popular, because before it was like the ISDX, a lobsterpot, easy to get in, impossible to get out.

I'm still puzzled why they cannot go straight back to the Venture though, what's different from before?

Sadly my broker acounts cannot trade the CSE, so I can't take advantage of any lack of liquidity.

[djt59] 10/10/2016 20:28

Andy, re IB, so am I, they have some kind of price feed I think and maybe some close position facility, they once said they would support it sometime, but nothing ever happened, beyond me.

And ditto, re IRL, why choose CSE, but it has certainly become more popular of late.

[andy] 07/10/2016 13:39

DJ,

I'm surprised about Intereactive to be honest.

I cannot understand why they are opting for the CSE when they were previously trading on the TSX.V.

What is preventing them to return to the Venture Exchange is my concern, because previously they were there and complied with the regulations, so why can't they comply now?


I know the CSE is cheaper, and easier to list on, but it doesn't make sense to me, there has to be a reason.

[djt59] 07/10/2016 13:14

... also, I use Interactive brokers who don't trade CSE either.

[worrier] 04/10/2016 13:03

My brokers idealing.com trade on many exchanges worldwide but unfortunately not on the CSE

[investment dave] 04/10/2016 12:16

potter - agreed on that but its clear to see management are working towards this. It would be good to see an update regarding listing on the website!

[pottermagic2310] 03/10/2016 19:58

No. I do get what the re-listing on CSE is about... a stepping stone towards the TSX. I simply think the Senior Management Team/BoD could communicate more about timescales and their full intentions regarding re-listing(s), for the Benefit of all existing Shareholders.

[andy] 03/10/2016 07:41

Potter,

Did you ask your broker re, trading CSE stocks?

If they go ahead and list there the share price may not rise too much due to the fact that it's largely illiquid, we shall see.

[pottermagic2310] 29/9/2016 22:30

I too would be looking to buy more if the current Plan goes well, the exploration produces good (or better) results and that leads to securing additional financing via COFIDE... but that's not going to be possible.
Alternatively, that might not be the outcome at all but selling seems like a hardship too.
This is my concern... we're locked-in either way you look at it.

[andy] 29/9/2016 21:23

Potter,

Not necessarily!

You may not be able to sell but the price may possibly rise on re-listing, which would benefit you!

Which broker are you with for Canadian stocks?

If your shares are registered in London (AIM) it may be worth contacting your broker to see if they could be registered in Canada, so you could at least trade them there if you feel you want to sell.

I think you need to check the position with your broker first, particularly in relation to the CSE.

Funnily enough I'm annoyed because I won't be able to buy on the CSE!

[pottermagic2310] 29/9/2016 18:10

From my perspective, the bottom line is I have worthless Paper and the appointed Leaders in the Business in which I own Shares are pursuing a Plan that only dis-benefits me. They have made no clear Statement that can/will benefit me. They could have such a Plan, they could declare they intend to carry out such a Plan but they are definitely not doing so but have declared a Plan that definitely will dis-benefit me.
NOT HAPPY !!
:-(

[andy] 29/9/2016 11:45

potter,

No, what they actually said was they are going to list on the CSE first, then list on the TSX.V. later. Whether they carry that out of course is another matter! but the CSE listing releases the BVP listing to trade again apparently.

Listing on the CSE is fairly easy, I guess it's much more lightly regulated, and I know a company that achieved it from application in just 11 days!

Anyone with their stock in a TD account will be able to sell, but not buy, as I can with my CSE listed stock.

As you state, it will be interesting to see what the liquidity is, other CSE stocks I monitor have virtually no liquidity, pretty much like ISDX listed stocks in London.

As people here should be able to sell,(if there is any liquidity) but possibly no be able to buy, I see it as a negative because we will be denied the opportunity to buy whilst the share price is low, and if it takes off before an AIM or TSX.V listing, those wishing to buy will either have to buy at a much higher price, or give it a miss completely.

I personally never chase a price, that always seems to end badly for me, so I'll probably not be investing here now, there are always other fish in the sea.

I wouldn't call it a "scam" at this stage, that is extremely harsh, IMO, but it's certainly not good news for London based Pi's either.

[pottermagic2310] 29/9/2016 11:06

I've formed the view that listing on the CSE and not back on the Toronto and London Exchanges is actually a scam. Large numbers of Shareholders invested in this Company through those Exchanges. We effectively get locked-in with "nowhere to go", will get diluted to an almost worthless value or end up being offered a paltry amount in a dubious buy-back. The writing is on the wall already as far as I'm concerned and this is now going to end badly for all PIs... me included.