IKN

Every why hath a wherefore

Minera IRL (MIRL.cse) halted

Pending news. So when the news shows, this post gets an update.

UPDATE: You may have noticed how Diego Benavides is listed as “CEO and Director” in the news-coming-tomorrow NR this afternoon. Now notice how many of the directors’ names MIRL is allowing votes upon in the December 14th AGM. This whole charade is about a greedy and ineffectual CEO trying to cling on to his half million dollar per year salary in order to fund his pathetic life.

PS: I’m not implying Benavides has set this up deliberately. I’m stating it out loud, it’s so obvious.

82 Comments

    Someone pushed in a bid for .19 x 2000 over the next best .15. Fill or no fill?

    Reply

    Let’s see… this could be a long term hold.

    Reply

    I have my banana and poop ready. Just wondering at what price do we chimp out?? 🙂
    Assuming it’s positive news, of course.

    GLTA

    Reply

      Good or bad there’s going to be some chimpin! Poop in one hand and bananas in the other! And then some mintwit people pretending they’d called it all along.

      Reply

    I’d be holding the majority of my investment for the balance of 2021 unless the price miraculously went to $1 beforehand. Not even thinking about taking 15 cents a share gain to dump at 30+ cents for my year of waiting….. if they are back on track… which seems to potentially be the case. Let’s see what the need says

    Reply

        Only one year of waiting? Really? That is like a week in the world of this company.

        Reply

          Re: “Only one year of waiting”. Was thinking exactly the same thing. Waiting to see how defeat gets snatched from the jaws of victory once again…

          Reply

      $1, what are you smoking?

      Reply

        It’s a random number. Notice I used the word miraculously before the figure.

        There’s no reason, with litigation behind them, that they wouldn’t be financed. I personally know a few individuals that would be happy to take on the task.

        After all this, selling on the first pop is comical. Maybe if you got in yesterday and are happy to see the quick gain. I’m here for the long haul.

        Reply

    Desjardins gold research had a 300 mln US value in 2011 on this asset….at lower gold prices…..not many shovel ready assets out there

    Reply

    What are the chances they simultaneously announce (1) agreement with COFIDE, and (2) a full construction financing package with a third party? Maybe that will have made the wait worthwhile…

    Reply

    My first buy was 1000 shares at $1.20. Long before 2015 for sure. $1 seems ok to me. Gold is going to $5000 dontchaknow?

    Reply

    I came in for about 1M over the last year. My first buy was Sept 2019. I’ll add another 1M over the next year if they show a concerted effort to move the project forward.

    Reply

    Been holding this for the better part of 4 yrs. It would be nice to finally get this cofide monkey off my back.
    I heard it was gold to $10000?

    Reply

    I use Interactive Brokers but I can only close my position since IB doesn’t allow buying or partial selling of CSE listed stocks. Been holding MIRL for 5 years now and would like to add to my position. Question: Can anyone recommend a broker who handles CSE exchange?? Thanks

    Reply

      My mother bought with TD (Canada). I’m stuck in IB too after transferring out of RBC. RBC would probably work since I bought most of mine there too back in 2017.

      Reply

        Thanks. Problem is I’m not a Canadian citizen. RBC and TD I believe handle only Canadian citizen accounts. But, will double check it.
        Thanks

        Reply

        It was still on the venture list back in 2017, or?

        Time flies when you own this stock, it really does.

        Reply

    With all the politics changes in Peru, new ministers, maybe the deal with COFIDE must wait until the new board was designed..all it’s possible

    Reply

    So there’s a deal: https://documents.bvl.com.pe/hhii/CF0002/20201110235201/TRANSACC32MINERA32COFIDE.PDF

    Assume they’ll publish a NR with more details later

    Reply

    offers at .21 and .215 again. There’s only 116,500 on bid side down to .10 but there’s 132,000 offered from .24 down. It gets thick at .30 and up.

    Reply

    My portuguese is terrible but from what I can discern there doesn’t seem to be any real details. Only that they worked out a deal.

    Reply

    if this doggie is worth 150 mln in total value then what is mirl worth? Bonterra also wishes to announce that on November 6, 2020, the Company received an opportunistic non-binding letter of intent from a large third party regarding an all-share acquisition of the Company. This unsolicited approach, which has since expired, valued the Company at approximately $1.60 per share based on the parties’ relative trading prices on November 6, 2020 and would have required that the C

    Reply

    Time for Benavides to put out or bug out.

    Reply

    What if the halt lasts another year?

    Or if they have to negotiate the length first?

    Reply

      Google translate:
      Minera IRL Limited (“Minera IRL “or the” Company “) (BVL: MIRL) (CSE: MIRL) informs that it has requested the suspension of trading of its shares on the Canadian Securitie Exchange CSE because today is a national holiday in Canada. The Lima Stock Exchange – BVL has It also proceeded to suspend the negotiation.
      The Company will issue tomorrow an Important Fact for the knowledge simultaneous and equitable of both markets at the beginning of the trading day.

      Reply

    Translation por favor. : )

    Reply

    Looks like details tomorrow….I got my popcorn and diet coke at the ready

    Reply

    Maybe tomorrow gets hot. Manana manana as usual. Would love to COFIDE drop a good news release.

    Reply

    heres a press release from MIRL..for 500k a year he earned it …GLOBENEWSWIRE

    Minera IRL Requested Halt of Share Trading
    11/11/2020 3:25:00 PM

    LIMA, Peru, Nov. 11, 2020 (GLOBE NEWSWIRE) — Minera IRL Limited (” Minera IRL” or the “Company”), (BVL:MIRL) (CSE:MIRL) announces that trading of its shares on the Canadian Securities Exchange (the “CSE”) has been halted today at the Company’s request pending the release of material news by the Company. The Lima Stock Exchange (“B

    Reply

    Well, whatever happens, hopefully Mark has both given management a good kick in the ass to resolve this, and also stirred the pot and educated folks so that Covide is less likely to try pull a fast one over shareholders. Many thanks!

    Reply

      I really do not believe Mark did FA, as a long shareholder of this stock I would assume it would be in the best interests of Director’s, management and shareholders to resolve the situation at hand long before now to
      Get ollachea into production.. Maybe Cofide were the ones who
      Kept postponing..!
      Anyhow let’s hope a deal is struck.

      Reply

    Good post Doug!I agree Mark helped out AGAIN with this stock.

    Reply

      Thanks John! I sure hope that your retirement is not dependent on this bloody company! 🙂

      Reply

    Odds that they put out a NR tomorrow morning saying they need one more day before issuing the NR?

    Reply

      At this point there is only to agree, nothing to do. We need to suspend theses guys compensation until something is done.

      Reply

    I wonder if you are implying that Diego has drawn out this Cofide settlement process deliberately?

    How can shareholders force a vote on Diego? Or can’t they this year?

    Reply

      Isn’t it obvious? The AGM and its agenda is now set, with zero opportunity for shareholders to provide input. The only way of changing the agenda now is to submit an alternative slate. You are watching Peru oligarchy in action, the two-faced sneaky way they grab their toys.

      Reply

      It’s been discussed. USD 500k a year for a 20 to 40mm (depends on share price) company and owns a small fraction of the number of shares that most of us own? Nice pension if you can get it. At under 10c a share I was buying all I could. Him? Nada.

      Reply

    We should find the way to out Diego as we did with Pinto´s gang few years ago.

    Reply

      I’m more on board with withholding compensation for the entire board/directors until they cross the finish line. For now. Guillotines later if they don’t make it.

      Reply

    No, it’s that really that obvious to me yet. So by not including a vote for Diego as Director that is a surprise? After you threatened him by ginning up the shareholders to vote to remove? Lol

    Reply

      Presumably, you added the “Lol” at the end to make sure we all understand what type of person you are. Which is good, far easier to ignore you and all your opinions.

      Reply

    Any guesses on price action today?
    Otto’s on the record at 25 cents. I don’t know. Looks fairly thin up to $.30 cents. That’s my guess.
    A shamrock shake to the closest guess. Lindsay’s buying after all. 😂

    Reply

      Okay, i have to ask what “Otto’s on the record at 25 cents” means, because I’ve met that Otto guy and know what he said. So are your desires to jump to extremes and scream about other people’s opinions because you are dumb, ignorant or just want to be an ass in public? Or is there an option I missed?

      Reply

    Easy now. I just wanted to get people’s guesses on the share price. Just a bit of fun really. If I’m out of line I apologize.
    You did say
    Sticking with my best guess 25c settlement on a deal.

    Reply

    Who cares where it trades today? Are you actually going to sell after 5 years of waiting? Even if you bought within the last 14 months like myself, it would be stupid to sell. Consider it luck you came in late and didn’t have to wait for the court case to settle. Don’t we want to wait for an opportunity to boot management if they mess around?

    Reply

      Been in it for a while and averaged down a couple times. Committed more money than I wanted to. I’d like to free some of that up and let the rest ride. I have a number in mind where I will let go of some shares. GLTA

      Reply

    I’m not optimistic we’ll be out of halt this week

    Reply

      Didn’t they put this out yesterday.
      Minera IRL Limited (BVL: MIRL) (CSE: MIRL) informs that it has requested the suspension of trading of its shares on the Canadian Securitie Exchange CSE because today is a national holiday in Canada. The Lima Stock Exchange – BVL has It also proceeded to suspend the negotiation.
      The Company will issue tomorrow an Important Fact for the knowledge simultaneous and equitable of both markets at the beginning of the trading day

      Reply

        Unless there’s a time zone difference. Trading day starts in 1 min.

        Reply

        There was something similar put out for last New Years party too. Signed, manana.

        Reply

          Another Latin American Holliday? Is today the day of the uncle or something. Everyone has to go to the uncles house and bring papa frita con mayonesa? Down south they know how to live because work can always wait until tomorrow. It’s almost frowned upon if you sign something before the paper has adequately yellowed.

          Reply

    Nothing for sale below C$0.23; for now…

    Reply

    And RIO’s chunk? Its still there for the taking!

    Reply

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.