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Gold/Mining/Energy : Minera IRL

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From: mark_ikn11/24/2021 12:41:13 AM
3 Recommendations   of 1261
All Diego Benavides wants is to be left with the keys to the subsidiaries. They know Chair Perez remains in charge whatever happens in this vote. In my opinion, I suspect their plan is to let whatever happens to happen at the AGM, then re-shuffle the C-suite.

FWIW, I phoned Martin Mount again today, his secretary/receptionist told me he has gone to Mexico and will be there for the next ten days. Also, Mr., Mount was one of the QPs for the recent Kuya Silver technical report on the Bethania project and was on-site on August 13th. Bethania was previously owned by Minera IRL (and sits close to Corihuarmi).

In my opinion, I suspect the directors plan to install Mr. Mount as the new CEO. Mount can then apply the new broom on everyone at MIRL except for Benavides, who stays in charge of the Kuri Kullu and Minera IRL SA subsidiaries (where all the serious corruption has taken place).

However, this means Martin Mount is today in cahoots with the board in their corruption. Again, in my opinion.

The only way to stop this is to force governability to the foreground and make the directors answer the questions they refuse to answer. In my opinion, the only way that happens is to stop the auditors from signing off on the annuals, force a CTO, which triggers a CTO in Lima. Unless anyone here has a better idea.

The lapses in fiduciary duty shown by this board of directors are breathtaking. Every single one of them must be up to their necks in the corruption at MIRL and they must also have a clear idea of how bad it has been. At some point we should simply stop talking to them and file criminal charges. Any reasonable forensic accountant will be able to follow the money and show where it has all gone...all in my opinion. The RCMP is surely the place to start.
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