Minera Share Discussion Threads

[haydock] 05/10/2017 08:59

I did try to get involved with the regulator, a few months back.
I can confirm that they do not answer e-mails & the phone calls are difficult.
Gave up on the job, so will now contact iii. Sounds very interesting if it works.

Many thanks for the continued bb. hard work, on here. Just shows bb's can be invaluable.

[greenrookie] 05/10/2017 08:14

Thanks again folks.I spoke to iii; they confirmed that I can dispose of the stock if I send in the certificate.

[andy] 05/10/2017 08:03

OK,

I only ask because the last time I wanted to buy a CSE stock via TD, they told me they could only sell it, not buy!


Anyway, as the poster is looking to sell it should work for him.

[neudarian] 05/10/2017 07:57

I've only sold via them. But they never said you couldn't buy.

[andy] 04/10/2017 19:31

neudurian,

Many thanks.

Buying AND selling?

[neudarian] 04/10/2017 18:00

iii can arrange a trade in mirl if you have an account.

[pottermagic2310] 04/10/2017 12:11

Corihuarmi always operates at a Loss doesn't it ?

The only beneficiaries of its operation always seems to be the locals and definitely hasn't ever been the Business's Shareholders.

I'm not at all convinced this new News is anything to be happy about unless you live & work there.

[andy] 04/10/2017 11:39

greenrookie,

My pleasure.

Do iii allow trades on the CSE?

If I were you I would check with them first, not many UK brokers do, although TD have told me they can sell my shares held their (not MIRL) if I want to. TD have since sold their UK operation so they may not now be able to do so I guess.

If iii do allow trades, all you need to do is send them the certificate and they will credit your account and you can sell.

[greenrookie] 04/10/2017 11:36

Andy, thanks I am very grateful.

I found out III now allow trades on the relevant exchange so I have closed the TDDirect account and will be able to go back to III. In the meantime I will give Computershare a call.

[andy] 04/10/2017 09:59

greenrookie,

MIRL are NOT the registrar!


MIRL are traded on the Canadian Securities Exchange (Similar to the NEX in London), rather than the more popular TSX or TSX.V (Venture Exchange).


If you go to this page you can see the "Transfer Agent", Computershare Investor Services Inc.. these are the people you need to contact.





Ring this number and Computershare will be able to help you: [phone]


Bear in mind they are 5 hours behind GMT.

[greenrookie] 03/10/2017 15:22

Really struggling to sell my AIM shares. I closed my III account, got them on a certificate, and tried to move them across to TD who do trade on the Canada exchange. Unfortunately, TD came back to me and said the registrar (MIRL I presume?) is totally non-responsive to communications.

Anybody got an idea where I can go next with this? I've emailed the Minera.pe email address a number of times, albeit in English!

[loadsamonay] 03/10/2017 14:07

Is it possible to sell shares bought on AIM, on TSX?

[zedder] 03/10/2017 14:06

It's traded in Canada. The market opens at 1430.

[kirk 6] 03/10/2017 13:58

Good news but didn't effect the share price?

[gosoftly7] 03/10/2017 08:08

Corihuarmi keeps on giving:

[pottermagic2310] 28/9/2017 12:49

Oh no it wasn't. It was an aspiration many, many months ago at a time when the Business's plans were different, when funding arrangements were different and prospects for a grand Gold Mine were the order of the day.

Everything has changed, everything... and as soon as it did, also many months ago, you should never have expected any re-listing on AIM to any such timescales. For one, the Business simply would not be allowed to re-list as per the AIM Rules and due to reflection on the very reason it had to de-list.

You need to spot a high on the Toronto CSE and get out when you can, recovering as much of your previous Investment as you can and be thankful for something in return.

[investment dave] 28/9/2017 09:49

Kirk is right I'm sure it was on a statement somewhere that Q3 was due to list on AIM. Obviously circumstances have changed.

[andy] 26/9/2017 07:44

looking at recent trades, MIRL has only traded 300,000 shares in the last 10 days on the CSE.

So around a total value of CAD$30,000, (around £20,000), or £2,000 per day!

[andy] 26/9/2017 07:41

kirk6,

why did you expect ot to list in Q3?


With the current legal issue listing was never an option, IMO.

[kirk 6] 25/9/2017 17:39

This has gone abit quite. Looks like we won't be listing Q3

[kirk 6] 31/8/2017 20:25

Gold soaring into 1320 plus

[investment dave] 30/8/2017 16:54

Thanks looking good now on cse!

[kirk 6] 30/8/2017 13:03

Dave et alHere is the full article:Minera IRL Reduces the Cost of Ollachea Minera IRL sees light at the end of the tunnel for Ollachea. The gold producer expects to put its mine project into production before 2020, despite the financial difficulties derived from the decision of Cofide to cease its financing of the development.Gerardo Pérez, chairman of the board of directors of Minera IRL, explains the reasons for this as the arbitration process (between IRL and Cofide) begins at the Lima Chamber of Commerce (CCL)Arbitration at CCL"We consider this tribunal as the right location, not only because we can get a resolution from the arbitration committee but also because it will open dialogue with Cofide", said Pérez.In 2015, the mining company was granted a U$70m bridge loan from Goldman Sachs, with an expiry date in June 2017, structured and financed by by the State entity Cofide, in which Cofide also committed to structure a full financing for U$240m.Cofide has made it clear, however, that it will not continue in this service and demands repayment of its U$70m in order to comply with its social mandate. The State financing entity considers that the financing of Minera IRL is outside of what should be its policy line and has even said that there is the potential of corruption in its original granting.Under this scenario, the gold mining company has been left without the capital to finance the U$165m that the Ollachea project needs. However, it has taken measures to revert the situation.Re-design the projectThe most important advance has been the re-designing of the project to a smaller scale, in order to reduce capital costs and increase its attractiveness to investors. "The optimization (process) is almost complete and will allow us to reduce capex by 50%, from U$165m to around U$80m", said Pérez.The new optimized feasibility study recommends the construction of a smaller mine, of 1,500 tonnes per day, which is scalable to 3,000 tonnes per day (as per the original design) in the fourth year of operations. This will allow construction in just seven months, instead of the 18 months estimated previously. "Another big advantage of Ollachea is that it has its EIA approved and all its permits in order to start operations", Pérez added.The gold mining company has also been in contact with investors interested in financing the project and is currently in negotiations with two investment funds.

[investment dave] 29/8/2017 14:36

potter agreed but now with the surging gold price hitting 1325 today, after the initial few years this will be an extremely profitable gold mine. Expecting this to get massive interest shortly.