SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Minera IRL

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gib Bogle who wrote (973)11/20/2021 4:40:54 PM
From: mark_ikn8 Recommendations

Recommended By
Alias63
andrewlong
DaveAu
DutchGuy
Kiwi Pom

and 3 more members

  Read Replies (2) of 1222
 
I agree. So, two things:

1) In his mail, Benavides specifically states that his legal move is unconnected to Minera IRL. Therefore, even if we get one, some or any of the following...

I am served with papers
I am arrested
I am thrown in jail
I am put before the courts
I am formally accused of whatever trumped-up crime he cares to invent and then "persuades" the judiciary to convict me
I am sent to prison for a period of time

...what changes with the company? By his own statement, nothing. However, in my opinion it casts even more doubt over the governability of the company. Shareholders would not be affected if I am served, arrested or jailed because in CEO Benavides' own words, his decision to open criminal charges against me is not connected to Minera IRL.

2) He can do all the above for all I care. It's my neck on the line and my life choice, not yours. Does anyone on this board, apart from Game Boy of course, think I am afraid of this person and what he can do to me? For what it's worth, I can also state that his lawyer, named in the mail, is one of the highest profile, media-loving lawyers in Peru and well accustomed to fighting from several sides of a story. He comes with a reputation and judges cower in his presence (e.g. he represents ex-Presidents when they get into legal problems). So be it, however it changes nothing in Minera IRL

Again, please try to separate the wheat from the chaff: He wants this to be personal and it is not, it's corporate. His bullyboy move is just another Ad-Hom attack on a person who is unafraid to speaking truth to power, except this time he has weaponized his bullying. He refuses to address any of the issues and obvious weaknesses at the company (and the list is very long). The board of directors has already admitted that Gabbie/Valdez/Ngatai were hired on false pretenses by changing their job titles, in order to fly under the radar of market authorities and that alone is enough for his firing with cause. However, since August a whole range of other issues have surfaced at MIRL, but neither he nor his employees will address them or give the shareholders of the company (i.e. the owners of Minera IRL) any reasonable explanation for any of them. We are concerned shareholders with a clear objective; to remove Diego Benavides from Minera IRL and get the company share price moving again. We are not the concerned fanclub of some mouthy idiot with a blog in Peru (I'll leave that job to my mother).

So, Diego Benavides, bring it on! By the time we're done, I think this is enough to get even Rio Tinto off the fence and to vote him out (but hey, that's just my opinion).

PS: Would anybody like to reach out to RTZ on this? It would be better from a third party, rather than me. Just a passing thought...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext