There are two best bits, the best bits are two:
1) Those who followed this story last year are bound to remember how the usurpers in Team Hodges claimed that the delay to the filing of the financial reports was due to Diego Benavides hiding things, and corruption and refusing to co-operate and all types of vitriolic attacks against the person who was stopping them from asset-stripping the company and selling the Ollachea project to a ready-and-waiting third party (juicy commissions guaranteed). Here we are in March 2016 and the reason for the non-filing is now, “… uncertainty about the costs
of eventual closure of the Corihuarmi mine in Peru, and related matters“.
of eventual closure of the Corihuarmi mine in Peru, and related matters“.
Ain’t that cute? If you can’t read between the lines on this one there’s little hope for you, but just in case you need a second hint as to who has won out in the internal fight…
2) Check out this photo of the famous press conference held by Jaime NOT HODGES! Pinto and his cohorts, a presser we featured in this post on the day of the gig, November 18th.
With the exit of Eric Olson announced today, all five of the Minera IRL Ltd people who were at that presser on November 18th no longer work for Minera IRL, all have “been resigned” from the company. Now do you get the picture?
Here’s today’s press release, read and enjoy, we’re darned close to getting all this mess sorted out now. Bye Bye Team Hodges, thanks for all the IKN posting opportunities.
LIMA, PERU–(Marketwired – March 28, 2016) – Minera
IRL Limited (“Minera IRL” or the “Company”) (BVLAC:MIRL) is pleased to
announce the release of its delayed June 2015 interim financial
statements, and the appointment of Mr. Francis O’Kelly as a
non-executive director of the Company with immediate effect. The company
also announces the resignation of its Chief Operating Officer, Mr. Eric
Olson.Financial StatementsAs reported previously, completion of the June 2015 interim
financial statements was delayed because of uncertainty about the costs
of eventual closure of the Corihuarmi mine in Peru, and related matters.
An international consulting engineering firm retained by the board to
review these matters has completed its work and issued its report, and
the findings have been reflected in the June 2015 interim financial
statements. These statements will be released today and posted to the
company’s website at www.minera-irl.com and within the Company’s SEDAR profile at www.sedar.com.Directors and OfficersMr. O’Kelly has an extensive background in Mining and Mining
Finance. In his early career he worked in mines in Central and South
America initially as a shift boss and ultimately as manager of a large
gold mine. He then transferred to the banking sector and was appointed
VP Mining at J P Morgan. He subsequently co-managed a mining investment
house and ultimately worked on M&A mining projects for Standard
Bank. He currently runs his own company dedicated to consulting to the
mining sector. Mr. O’Kelly holds an honors degree in Mining Engineering
awarded by the Royal School of Mines, Imperial College. He is a fellow
of the Institute of Mining & Metallurgy, Chartered Engineer and
Associate of the RSM.In addition, the company reports that the Chief Operating
Officer, Mr. Eric Olson, has tendered his resignation with effect from
31 March 2016. The board wishes to thank Mr. Olson for his valuable
contribution during his time with the company. The board is in the
process of considering candidates to fill this role and other senior
roles in the company.