Minera Share Discussion Threads

[ih_449565] 31/3/2018 20:40

March 18th pages 14-15 of weekly report.I just checked and what I said was accurate.
No!I wanted to verify the 240M.
Thanks John

[andy] 31/3/2018 20:09

ih,

When did Otto say that out of interest?

And why were you questioning my $240 million figure earlier?

[ih_449565] 31/3/2018 19:57

For what it's worth Otto said the company wants to report on the arbitration but the lawyers want them to hold off until they are finished.We sit and wait.Very frustrating.
GL-John

[andy] 31/3/2018 19:34

" to structure the US$240m financing package for the development of the Company's Ollachea gold project."

-----

Yes, that's where I got the $240 million from, thanks

[ih_449565] 31/3/2018 18:39

Minera IRL Announces US$70 Million Bridge Loan and Mandate ...
www.marketwired.com/press-release/minera-irl-announces-us70-million-bridge-loan-mandate-letter-up-us240-million-ollachea-aim-mirl-2027165.htm

Jun 8, 2015 ... The Bridge Loan is expected to be the first step towards a senior project credit finance facility of up to US$240 million, described in a Mandate Letter signed by COFIDE and Minera IRL ("Senior Project Debt Facility"). The Senior Project Debt Facility will be structured by COFIDE, in conjunction with Minera ...

[annette42] 31/3/2018 18:38

Blah blah blah......pinto was voted off over 2 years ago now they started trading on the CSE the share price is now trading at what it was suspended at.....also what about this so called judge and pinto that the IKN part said was having a 60 day investigation in that was 5 months ago ur chasing a dead duck I’m afraid no way does arbitration last this long good luck anyway John keep dreaming 😂😂😂😂8514;😂

[ih_449565] 31/3/2018 18:28

Yea!I read the news release.Did you?

[annette42] 31/3/2018 13:50

Otto has gone extremely quiet lately......why do u think that Kirk because the guy is an absolute prat and has called this wrong so very very wrong

[kirk 6] 31/3/2018 13:15

Otto has gone extremely quiet lately?

[annette42] 31/3/2018 11:57

Who said $240million???? Do u not read the NR GLA

[annette42] 31/3/2018 11:55

Who said $240 million???? Do u not read the NR u really should GLA

[andy] 31/3/2018 00:26

ih,

Quite an amount of money to come from "another source"!


$240 million? That's some serious wonga.

[ih_449565] 30/3/2018 20:35

Potter!Thanks for your comments but;the company is in arbitration with Cofide to get money from them or free to get it from another source.Arbitration has to be completed first and a resolution with the 70 million they now owe them.
I don't have the numbers in front of me but I trust in Otto about the revenue from the Corihurami mine.
John

[ih_449565] 29/3/2018 16:23

Their is no Ollochea YET because Pinto conspired with a few guys within Cofide and paid a judge off.Minera was promised 240 or so million to complete Ollochea.Minera borrowed 70 million of the 240.Then a few Confide guys conspired with Pinto and a judge not to lend the balance of the money.They tried to wrestle[steal] Ollochea away from the stockholders. They then told Minera to pay the 70 million back.Now Minera is in court and according to Otto things are going well.Even seeking damages.
Pinto is gone the judge along with a few guys from Cofide are in deep do-do according to Otto[so we wait the resolution].Otto [with evidence]says Corihurami is making money.Where is the evidence to the contrary?
This is how I see it.I hope the best for all.Yes!this is frustrating.
GL John

[ih_449565] 28/3/2018 21:28

Question?Why does this look firmly in the grip of Cofide or the bad guys.According to the company news release the new 43-101 should be issued in April.The company filed
a claim against Cofide for damages, I think Feb.26th.Other news appears to be in favor of Minera and against Cofide.[Cofide wanted the case dismissed-didn't happen]Where can I find info that Diego is making $550k.The news from Otto is dissapointment in time but it is still a hold waiting on the resolution.Otto thinks this resolution is going to be favorable to Minera.Any contrary information I'd like to hear.I want to make a point that Otto is not always right but he is a straight shooter.I may be putting cart before the horse [resolution]but I'm looking for a bottom to purchase more.A favorable resolution is better than 50-50 for a 15x return.
Some of us talk Xhit to get a lower price
GL John

[andy] 27/3/2018 09:25

potter,

Yes this looks to be firmly in the grip of those that covet Ollachea, and seem determined to wrest it away from MIRL.

Otto has gone quiet on the subject.

[andy] 26/3/2018 19:45

Yes,


The bid is 7.5 cents, or 4p in our money, pretty much back to where it was before the AIM delisting!


Also:



MINING PLUS REPLACEMENT REPORT NATIONAL INSTRUMENT 43-101

Minera IRL Ltd.'s National Instrument 43-101 technical report for the Corihuarmi mine, filed on SEDAR on Oct. 2, 2017, does not comply with the requirements of National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and should not be relied upon.

By way of background, the company issued a news release on Oct. 2, 2017, announcing that the report reflected an increase in estimated gold reserves and an extension of the Corihuarmi life of mine. However, later that same day, the company announced that the reserve estimate was not NI 43-101 compliant and that it had asked the author of the report to correct this and other deficiencies in the report. Since then, management has lost confidence in the author's ability to correct these deficiencies and has retained Mining Plus to prepare a replacement report for the Corihuarmi mine.

Because the report, as it is currently filed, does not comply with NI 43-101, the mineral resources reported in the report are not supported by an NI 43-101-compliant technical report and should not be relied upon.


Qualified persons designated by Mining Plus have completed a site visit at the Corihuarmi mine and have begun revision of the technical data. Mining Plus has advised the company that, to date, there are no indications that the resource or reserve will change materially from the numbers previously disclosed. The company anticipates that the Mining Plus replacement report should be completed and published in April, 2018.


Qualified persons

The scientific and technical content of this news release has been prepared by, or under the supervision of Raul Espinoza Noriega, MAusIMM (CP), and has been reviewed and approved by him. Mr. Noriega is a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

[kirk 6] 26/3/2018 19:13

Any news lately here?

[andy] 01/3/2018 21:06

Only £2,000 traded in value so nothing to worry about.

Bid at 4000 shares at 8.5c looks a bit thin.

[kirk 6] 01/3/2018 19:37

Down 10% is there news out ??

[kirk 6] 25/1/2018 17:48

Has the website been updated?