"I would strongly suggest to lawyers looking into this case that, come the time, they get a few people from the El Comercio newspaper on record about the happenings of November 26th. Those lawyers should also get Messrs. Henry Fitzgerald-O'Connor and Oliver Donaldson of Canaccord Genuity Limited in London, the NOMAD (Nominated Adviser and Broker) for Minera IRL Ltd, on record as it would seem they have committed a grave infraction and dereliction of duty regarding key company news releases."
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"The EGM vote suspension is a total fiasco and is put down to some irregularities with some of the votes in terms of Ontario securities legislation – here its should perhaps be noted that Minera IRL Ltd. – the parent company – is not actually a Canadian company and the TSX is one of three exchanges on which it is quoted with shareholders virtually split between the three (LSE AIM, TSX, and Lima) as we are given to understand it. Shares are currently suspended effectively awaiting the outcome of the new EGM."
See it. Read it. Believe it.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 27, 2015) - NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today that it and its wholly-owned Nevada subsidiary, NV Gold Corporation (USA) (NVX US"), have entered into an Asset Purchase and Sale and Debt Repayment Agreement (the "Agreement") with Mr. John E. Watson, the Company's President and CEO. Under the Agreement:
- NVX US will sell its Afgan-Kobeh Property (the "Afgan Property") to Mr. Watson for US$304,626;
- the Company will sell the shares and debts of its wholly-owned Swiss subsidiary, SwissGold Exploration AG ("SGE") to Mr. Watson for US$50,000; and
- the Company will use all of the proceeds of such sales to repay debts owed to Mr. Watson.
Pinto and Benavides, from this note here.
From the concert with Jason on drums.
You must be distraught over how shareholders are being ignored by this board. Perhaps you and your firm could represent the shareholders in a class action to enforce the results of today's vote? Sr. Pinto is in town so you could serve notice tonight over some crispy ginger beef at The Pilot. Oh, wait...Laugh it off, d-bag. It's just your career at stake. You could always fail up into government.Hey Chuck-a-LK, what would happen if someone documented everything you did and started feeding it to all your colleagues and partners? You think they'd come galloping to your rescue? I bet not. All those Osgoode grads worked so hard, you think they're going to let a schiester like you stand in the way of making partner?We can start with Ruth?Google it Ruth. Chuck had a good day today at the Minera IRL shareholders EGM. And don't make me send you an lmgtfy link. Ruth, you gotta try the crispy ginger beef. Chuck will make you some. Just ask him.Not that Chuck gives a damn about what the shareholders voted for or anything. His buddy Hodges got voted out at the last meeting and now he's bitter. Gonna pillage a village in Peru I think. And a mine or two.You should see all the racist stuff someone had some journalists to write as agit-prop leading up to the meeting. Did Fasken look after that?How far is Fasken going to let Chuck drag them into this? Let me know. I'm looking for a lawyer myself. Will Fasken accept service? Can they, if they were colluding with the plaintiffs? Will Fasken be a plaintiff? Only time will tell, won't it Chuck-a-LK?Cheers, Bill
Minera IRL (LON:MIRL) SUSPENDED – EGM adjourned despite Rebels holding >90% of votes, questions over handful of shares
• The chairman yesterday adjourned the Minera EGM. We are told the adjournment was over potential irregularities over a handful of shares.
• Diego Benavides and his supporters are now forced to wait till the next EGM which can be called at anytime but no later than 17 December.
• Long suffering shareholders must now wait, while the company is effectively paralysed, racking up costs at a time when, we believe >90% of the shares have been cast in support of sacking the entire board. Do Turkeys every vote for Christmas? We hope these turkeys get a proper roasting by shareholders when this is all said and done.
• In a further twist: we are also told that a key shareholder has agreed to buy Rio Tinto’s 19% stake and is seeking to be elected to the board
Conclusion: Do Turkeys every vote for Christmas? We hope these turkeys get a proper roasting by shareholders when this is all said and done.
* SP Angel analysts are expressing their own views and opinions in this analysis. SP Angel has no corporate connection with Minera IRL or its subsidiaries. SP Angel holds no shares in Minera IRL and does not have any current financial arrangements with the company.
Here's the AJ Youtube blurb:
Brazil's Doce River has turned orange and is full of dead fish after one of the worst mining disasters in the country's history. The polluted waste contains arsenic, zinc, copper and mercury and has cut off the drinking water of hundreds of thousands of people and left fishermen devastated.
UPDATE: I've been getting good and interesting feedback from this conjecture post. Thanks to one and all. We'll get more solid thoughts out later.
PS: To pass the time until all this stupidity gets sorted out, take a look at this wiki biog.
PPS: And this. Take a good hard look at this and while you do, think about how the Canadian scumbags in Team Hodges have ruined what he built. I cannot believe that Doug Jones is allowing this.
Endeavour Silver (EDR.to) (EXK): Sweet mother of holy children, what a pathetic excuse for a mining company
Five experts in rock mechanics, four of whom were mandated by the Company and one by the CSST, have made their recommendations after concluding that the root causes of the rock burst have been identified.
Talking Heads, Once In A Lifetime.
Posted from a shotgun shack in another part of the world.
...coffee futures, long-term chart:
There comes a point when people who grow coffee refuse to sell it to you up there.
"If the Benavides-led group wins the day, Minera IRL Ltd. will quietly disappear into Peru’s mountains and jungles as the potential riches of the Ollachea gold project are squandered, and the town of Ollachea will ineluctably return to its centuries-long roots as a small-minded artisanal mining community, rather than an emerging modern mining camp."
UPDATE: Best mail so far comes from reader 'BB':
"I almost choked on my muffin this morning when I read that quote from the loser at that publication without an editor. I guess they have free WiFi at The Pilot where I'm assuming he wrote it."
Yup. Once upon a time 'Northern Miner' was the media of record for the mining industry. Oh how the mighty fall. John Cumming would be instantly dismissed for that type of racist scumbaggery in any publication worth its salt. NM is one of those that hasn't atrophied and died with a bang, but with a whimper.
He turns this...
My isn't he clever?
Things to do.
Catch you all tomorrow.
Seriously! I'm not joking, it says so right here:
YAMANA GOLD INC. (YRI.TO)(AUY) ("Yamana" or the "Company") hereby announces that its wholly-owned subsidiary Brio Gold Inc. ("Brio Gold") has commenced a private placement of Brio Gold common shares, consisting of a primary offering by Brio Gold and a secondary offering by Yamana. The implied initial post-money valuation of Brio Gold based on the private placement is approximately $369.3 million.The primary offering as currently planned will fully fund the near-term business plan for Brio Gold with the majority of proceeds expected to (continues here)
And with a secondary, too...
Yes it's true, you gringos really will buy anything, won't you?
Seriously Jaime Pinto, is that all you got? After the bribes, the threats and the corruption? And from that you put together this smear campaign to try and fool people into voting for you? Even without the criminal charges now hanging over the heads of you and your cohorts, it's pretty pathetic.
PS: Yes reporters, I am willing to share.
UPDATE: Best mail of the day (so far) comes from 'DT', regular reader and market professional. He keeps it short'n'sweet:
For the love of all that is holy, you rarely get to see fireworks of this magnitude. Well, I guess we know how this is going to end up now.
...the gold/silver ratio:
I'm constantly amazed at how memory-challenged the silverbug community is.
...with 53% of the vote. For what it's worth, though anti-CFK I'd trust La Nacion to call it right, certainly more than the extreme supporters on either side of the fence.
If so, that's roughly in line with pre-vote intention polls. Read all about it here