Member Info for stew200

is right I thought reading Max's post they had some how moved it again.been out all day. Good write up on ikn and good feedback from illbewaiting

http://incakolanews.blogspot.co.uk/2015/09/the-latest-bs-lie-from-minera-irls.html?m=1

!!!!the date has not changed as far as I am concerned

didnt illbewaiting say hodges was in Peru?!!!!

go on.??? Is hogdes mending the relationships with the community?!!!! Or can we believe that

Developments concerning Ollachea Community Comuneros (persons with voting privileges) from within the Ollachea community recently met with the Company and the Company's external community relations consultant in Lima. During this meeting the Comuneros informed the Company of their concern about the events which led up to the suspension of support for the Ollachea project from the President of the Ollachea community, as announced in a press release on August 17, 2015. Additionally, the Company understands that a community information meeting took place in Ollachea on 7 November at which this matter was discussed in front of representatives of Minera IRL SA (Minera IRL Ltd's 99.99% percent owned subsidiary in Peru) and the providers of the bridge loan, COFIDE. The Minera IRL Limited board (the "Board") is discussing these developments with the Company's community relations consultant and is awaiting detailed minutes of the meeting. The Board expects to be in a position to provide further information on community support for the Ollachea project next week. Extraordinary General Meeting ("EGM") of Minera IRL. S.A. In a press release on November 9th 2015 the Company, as 99.99% owner of Minera IRL S.A, announced that it had requested, through a letter that was delivered through notarized certification on October 27, 2015, that a shareholder EGM of Minera IRL S.A. be convened by no later than November 11, 2015, as required by Peruvian Corporations Law. A notice of the meeting has not been included in the Official Gazette, Diario "El Peruano" by November 11th 2015 as legally required. However, Minera IRL S.A. has issued a press release, unauthorized by the Company, stating that the EGM will be held on December 3rd 2015. This date, however, exceeds the maximum 15-day period established by Peruvian Law for the meeting to be held. The Company will immediately follow established Peruvian legal procedures to require that the EGM is held. Response to false media speculation concerning June 30, 2015 interim financial statements Certain media reports have suggested that the Board was in a position to issue June 30, 2015 interim financial statements in a timely manner, as Minera IRL S.A. had provided "the completed documents," but chose not to do so. These reports are false. Two of the critical issues the Company needed to consider in preparing its June 30, 2015 financial statements were the potential impairment of the carrying value in the balance sheet of the Corihuarmi mine, and an up to date estimate of environmental remediation costs and reclamation costs to be provided in the balance sheet in relation to the closure of the mine at the end of its life. The information necessary to address these and certain other issues was not included in the documents provided by the Company's Peruvian subsidiaries. Furthermore, due to the limitations

does what look familiar ? The ikn link is where the information is coming from close who is close to the source

It is FALSE that the information to publish the Financial Statements was not submitted. Minera IRL S.A. sent the documents on August 06, 2015 to the CFO, Brad Boland, who resigned his post on September 28, 2015, irrevocably and immediately, leaving the Company without the signature requested by the TSX for its publication. MIRL Board changed the facts. It informed on September 29 that there was a delay in the publication because the documents were not received, and on October 01 it informed on the CFO resignation, three days after the date it happened. Now Team Benavides says it has documentation to back up that statement. If so, there's no more damning indictment of Team Hodges possible than to say they've lied directly into the faces of the TSX and AIM by saying, time and time again, that they couldn't file their financials due to that "compromise of control" in the subsidiaries. According to that statement above it's pure BS and if that's true, Hodges and his friends are going to be in a LOT of trouble in Canada and London, not just in Peru.

There are a whole bunch of accusations and serious charges of misrepresentation and cover-ups made in the Minera IRL SA (i.e. by Team Benavides) news releases today, all of which support their call to kick out the current board of directors (i.e. Team Hodges). In the end it gets to the point where you wonder how many lies you need to hear from Team Hodges before you realize the simple truth, that they're liars? Me personally, my BS meter is set on sensitive these days and I only need to catch a management team in one lie just once to walk away from them forever, but here you have a whole catalogue of BS to choose from. But on due consideration, taking them all and weighing them against each other, the one that shouts loudest to me is this one from the Spanish language NR (translated into English by your author here): It is FALSE that the information to publish the Financial Statements was not submitted. Minera IRL S.A. sent the documents on August 06, 2015 to the CFO, Brad Boland, who resigned his post on September 28, 2015, irrevocably and immediately, leaving the Company without the signature requested by the TSX for its publication. MIRL Board changed the facts. It informed on September 29 that there was a delay in the publication because the documents were not received, and on October 01 it informed on the CFO resignation, three days after the date it happened. Now Team Benavides says it has documentation to back up that statement. If so, there's no more damning indictment of Team Hodges possible than to say they've lied directly into the faces of the TSX and AIM by saying, time and time again, that they couldn't file their financials due to that "compromise of control" in the subsidiaries. According to that statement above it's pure BS and if that's true, Hodges and his friends are going to be in a LOT of trouble in Canada and London, not just in Peru.

he won't answer any questions just to be ignored i think. Read this next post!!!!

yes voted. Make sure you vote mate ring your broker or get the form from the website

has the plan max

so can you at least provide some information other than accusations. FI please list the reasons to vote either way.

hes not winding me up lol. I am just waiting for a response to know how many shares I hold. The poster is probably a hodges rep.

then?!!!!

lol how many shares do I have? I am only going off reading media however its black and white in my opinion the only way forward is Diego as he has the contract to get the flag ship project underway. What is your opinion then in a list of easy to read bullet points.

by the hodges regarding struggling on the columbine mine

-- The Board turnover has been high over the last two years with at least four directors leaving the Board for a variety of reason from 2014-15; -- One of the incumbent directors, Mr Pinto, has not been voted upon by shareholders as he was appointed within hours of the AGM, as a stopgap in order to ensure that there were at least three directors on the Board, as per the Company's Articles of Association; -- The expertise and experience of the current Board of three non-executive directors is lacking compared to the Proposed Directors, who have direct and recognized experience of developing mining projects in Peru, and collectively have over 120 years' experience in mining; and -- The current Board is seen as being conflicted and too close to the deposed former Executive Chairman, Daryl Hodges, who was voted out decisively by shareholders (with 91.72% voting against his re-election) at the 2015 AGM following actions which damaged the relationship with the Peruvian community and jeopardized development of operations. The consequences of Mismanagement of the Company by former Executive Chairman Daryl Hodges has to be addressed, and the present Board is not suitable to achieve this. The new Board's qualities include: -- Their expertise amounts to 120 years in mining and also covers, corporate affairs, finance and community relations; -- Of the six Proposed Directors, four are independent under the Canadian National Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101) and the UK Corporate Governance Code. Mr.Jorge Ramos may also be considered to be independent as there are no conflict of interests being an employee of COFIDE, which, as a development bank has no direct connection with the economic sector (mining) in which Minera IRL operates; and -- The Head of the Key subsidiary has been selected to join an independent Board of specialists that will help improve the fortunes of the Company and bring extensive mining related experience to resolve the issues that have been building at the Company. To resume the good relationship with stakeholders Improved relationships with funders - Under a stable and effective new Board, the Company will be much better placed to secure necessary funding. COFIDE, Peru's state-owned development bank, will structure a debt facility of up to $240m under which Jorge Ramos will sit on the otherwise predominantly independent Minera IRL Board. Improved relationships with the local community and employees - Maintaining good relationships with the Ollachea community is essential to develop the Company's flagship project. -- The Ollachea Community Board of Directors have informed the subsidiary, Compañia Minera Kuri Kullu S.A., that they consider the allusions to manipulation, made by the current Board in the EGM Circular, to be offensive and also that the statements made by the Non-Executive President, Jaime Pinto, regarding Community support, are not approp

debt facility of up to $240m under which Jorge Ramos will sit on the otherwise predominantly independent Minera Board;

Minera IRL SA 11 November 2015 Shareholders recommend to VOTE FOR ALL the resolutions to be proposed at the Requisitioned Extraordinary General Meeting on November 26, 2015. Support a new Board proposed by shareholders to help the recovery of Minera IRL Limited. The new Board proposed by shareholders will resume the financing process with COFIDE to develop Ollachea, helping unlock value in the Company London, November 11: A group of concerned shareholders in Minera IRL, representing 10.9% are have convened an Extraordinary General Meeting (EGM), to be held on November 26. These shareholders, have chosen to intervene in Minera IRL Ltd to help address serious concerns about the governance of the Company, which are seen as affecting financial and key stakeholder relationships. They recommend their fellow shareholders to VOTE FOR change by appointing 6 new Directors and removing the 3 current incumbent Directors. This vote for positive change by ensuring an independent and experienced governance structure is put in place is for the following key reasons: ü We need a winning business plan to repair the Company's value ü A fresh independent Board is needed to implement this change ü To resume the good relationship with stakeholders ü There is a need to improve Corporate Governance Standards We need a winning business plan to repair the Company's value for shareholders -- Corihuarmi Gold Mine has a life of mine (LOM) until mid-2017, with strong potential to increase the LOM to 2019, through a minor investment in a drilling programme, which the new Board will promote; and -- The development of the flagship Ollachea project was jeopardized by the actions of the former Executive Chairman Daryl Hodges and by recent comments made by current Non Executive Chairman Jaime Pinto. A new Board is required to repair links with the Ollachea community and provide continuity and effective management going forward. The Way Forward - The Requisitionist shareholders' business case is seen as providing better value for shareholders; key elements are: -- Under a stable and effective new Board, the Company will be much better placed to secure necessary funding. COFIDE, Peru's state-owned development bank, will structure a debt facility of up to $240m under which Jorge Ramos will sit on the otherwise predominantly independent Minera Board; -- The resuming of this financing will help build the Ollachea gold Project in the South of Peru, and to extend the lifespan of the Corihuarmi mine; and -- Bringing a halt to costly remuneration practices that has seen the former Executive Chairman potentially receiving US$1,035,000 for a seven month period from March to December 2015. This include a 'Golden parachute' termination clause of USD500,000 being provided for the former Executive Chairman in the advent of a change-in-control, and a payment to him each month of USD15,000 since his remo