This post is of the “Two birds with one stone” variety. As main event below, please find a piece published in IKN639, out last Sunday evening. It provides background on the Minera IRL (MIRL.cse) case, a ballpark valuation of its assets, the quickly-forming Concerned Shareholder group and a couple of other matters pertaining to the case.
But also and first in this post, a couple of notes on my meeting today. This is the very meeting referenced in the note below that was going to be a Flash update, however and after due consideration, not enough happened at the meeting to warrant pinging your mailboxes. Instead, after making the case for immediate changes at officer level, requesting footnoted CVs of the unqualified, inexperienced personal friends he hired, requesting information on third party consultancy fees paid to Benavides family/friends etc, your humble scribe was subjected to the very same platitudes and unsubstantiated nonsense with which this team of executives have been soft-soaping other shareholders. The only difference was yours is in mails and I got the live show. Therefore and as this desk sees it, the ball is now in Minera IRL’s court and without it providing tangible proof of being willing to listen to its shareholders, the CS group would likely move SGM/EGM sooner rather than later (and before any AGM open to delaying tactics).
That marks the end of the new news and the non-Flash update, now for the note that appeared on MIRL in this weekend’s edition of The IKN Weekly, IKN639. Read on: