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Gold/Mining/Energy
Minera IRL
An SI Board Since August 2011
Posts SubjectMarks Bans Symbol
1092 53 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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ReplyMessage PreviewFromRecsPosted
1092Below is a part copy of a response to another poster a while back. Whether you andrewlong-33 minutes ago
1091Hi all, Small shareholder, have the same question as Detroit77, whom to name asLucio C.-an hour ago
1090Voted against in all categories of the AGM. I would entertain the thought of a RT120017 hours ago
1089Thanks, Gib Bogle. Question for you and/or the CS group: who do you suggest CS uDetroit7728 AM
1088Hey, I would have no problems being part of a class action suit. As a matter thandrewlong112 AM
1087This looks like a way forward I would support - main caveat is awaiting for RTZ Kiwi Pom1yesterday
1086Mark, I’m in! After the dust settles, we can get a 2nd legal firm interested, toLouisCyr2yesterday
1085So who will be sued? MIRL - they've got no $ and what's the sense inTurtle_named_mack1yesterday
1084Regarding a class action suit: After initial inquiries I can report interest fromark_ikn5yesterday
1083Having digested all the posts since 1067, I think the wind is blowing in the dirBreft3Saturday
1082I voted everything down.Gib Bogle2last Friday
1081In support of some of the points raised by Mark, I am happy to declare that I amKiwi Pom4last Friday
1080The central issue is that of governability, not of which auditor signs off. If tmark_ikn1last Friday
1079Questions: So if the auditors are voted down, does that mean new auditors - oneTurtle_named_mack1last Friday
1078No company sees its AGM item for auditor voted down, it's almost unheard of mark_ikn1last Friday
1077Agreed with posts below on yesterday's NR as in essence MIRL is saying &quomark_ikn5last Friday
1076So what is your take on the recent corporate update from our hard working friendSredna51last Friday
1075Interestingly, Santiago Espinoza picked up 116,065 shares yesterday. The exact sJabberwocky982last Friday
1074I'm pretty sure they can't lie to you about something material like thatJabberwocky981last Friday
1073Can we trust anything that Minera irl mgt. says? HELL NO!wrkoutmn501last Friday
1072I wouldn't hold out too much hope for these 2 operators making a deal with MJabberwocky982last Friday
1071Desperate attempt to win votes.ian.s1last Thursday
1070Thoughts required as to vote down or vote up for external auditors, PKF Little .andrewlong1last Thursday
1069More insider buys Pedro Valdez picked up another 116,065 shares to bring him upJabberwocky98-last Thursday
1068Minera IRL Provides Corporate Update: finance.yahoo.com My comment: Pretty welDaveAu-last Thursday
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