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Gold/Mining/Energy
Minera IRL
An SI Board Since August 2011
Posts SubjectMarks Bans Symbol
798 38 1 MIRL.CN
Emcee:  TheSlowLane Type:  Moderated
*** IMPORTANT - PLEASE READ ***
On July 27, 2021, Minera IRL announced three new executive appointments. Apparently this was done to address the concerns of Haywood (who had been retained as a financial advisor) in order to attract the funding required to advance the Ollachea project. Instead of allaying governance-related concerns, these appointments have ratcheted up the concerns of shareholders to a new level given the alleged lack of qualifications of the appointed personnel.

In response to these concerns, Mark Turner, who runs the Inca Kola News blog site has begun organizing a group of concerned shareholders and is in the process of finalizing a strategy to address the above and other concerns with the ultimate goal of displacing the current management in an effort to extricate at least some value for shareholders. If you are a shareholder and are not on the distribution list for the Concerned Shareholders group, you are able to join by sending an email to Mark at: renrutkram@yahoo.co.uk.




Overview

Minera IRL is a junior gold producer with projects in Peru. Corihuarmi is an operating mine in Peru that is currently producing gold per year, and helping to fund the company's exploration and development efforts. Ollachea, an advanced project, is an orogenic gold deposit located in Peru. Drilling to date has shown over 2.5MM oz Au (MI&I). There is potential to expand the deposit considerably. The company has driven a 1.2 Km tunnel to access the deposit, enabling deeper drilling that has not been possible due to terrain.
Advanced Projects
- Corihuarmi: Peru, producing gold, US$383 cash cost, 2017
- Ollachea: Peru | 2.5MM oz Au (MI&I) plus Concurayoc's 0.9MM oz Au Inferred | BFS complete | 4Q18 planned production start.

Resources
Minera IRL web site
Corporate Presentation
Ollachea: Puno Region - Site - Mine Plan - Schedule (old) - Magnetics - Economics - Costs
Charts: Daily - Weekly
Videos: Mineros do Ollachea Part 1 - Part 2 - Part 3 - Slide Show - Area Artisanal miners
Images: Ollachea 3-D
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798I just sent Mike a letter and asked him to fulfill his fiduciary responsibility wrkoutmn50-yesterday
797Minera IRL concerned shareholders update As noted in the latest update to themark_ikn1yesterday
796IKN thesis is that no bank will finance MIRL while DB is at the helm. I accept tDaveAu-yesterday
795Who is going to be the 2nd director up for vote: Diego Benavides and ?Alias63-last Saturday
794I still like the idea that EE puts together a team and makes it as trasparent asAlias63-last Thursday
793Benavides, Valdez, and Perez all bought shares recently. Don't let them buy Jabberwocky982last Wednesday
792Is this just window dressing? Alternatively, is it possible DB thinks there may DaveAu-last Wednesday
791What does the Lima or CSE stock exchanges think about Mr Benavides' dealingsSredna5-last Wednesday
7902 years from nowAlias63-last Wednesday
789Diego bought 362,000 shares on Monday.TreKewl1last Wednesday
788What about the time limit on the debt wrt Ollachea?Turtle_named_mack-last Wednesday
787Minera IRL (MIRL.cse): Concerned Shareholders (4) As expected on Saturday, I mark_ikn5last Wednesday
786Ah, diamond hands...reminds me of wallstreetbets. Time to tell reddit the MIRL-sAlias631last Tuesday
785Ya, the stock is trading like somebody's job depends on it, lol.TheSlowLane1September 13
784Thanks Mark, your efforts are much appreciated. The snowball you've pushed TheSlowLane1September 13
783Hello all, If MIRL wants to buy shares to fend us off and save their hides thenJabberwocky982September 13
782Big volume today on the CSNX, more than 10 times normal. Which raises the questLoneClone2September 13
781I think I've detected a pulse.DaveAu-September 13
780Pedro Valdez bought 142,000 shares last week, most at 9 cents based on Friday fiDaveAu-September 13
779+-60 yearsAlias63-September 13
778how old is Diego?TreKewl-September 13
777You have my vote!! But guess Alex to busy to take the burden and probably overquplatreef1September 13
776One big concern I have is how community relations with Ollachea are affected. ItDaveAu1September 13
775Alex Black would be the perfect fit for MIRL. Experienced mine-builder, based inAlias631September 12
774Hi Everyone, Fellow MIRL CS here. First of all, thank-you to Mark for doing thGarth1013September 12
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