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Minera IRL Limited T.IRL

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals

Minera IRL Ltd, together with its subsidiaries develops and explores precious metals in Latin America. Its project includes Ollachea gold project, Don Nicolas project and Corihuarmi gold mine among others.
Price: $0.05 | Change: $0.00 | %Change: 0.00%
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.25/0.04
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0 stars

RE:RE:RE:rather see them hold on for better market conditions

they'll be able to roll it- but at a price to shareholders.  rate and reply
0 stars

RE:RE:RE:rather see them hold on for better market conditions

If i was macquarie i would delay the finance until they have no cash.  not saying that would happen but its buyers market these types of games do happen. GLTA definitely cheap thats for sure  rate and reply
5 stars

RE:RE:RE:rather see them hold on for better market conditions

Macquarrie is the lender and they've shown they'll keep supporting Minera IRL.  It wouldn't make sense to lose your money with so much gold in the ground in Ollachea, already permitted with full...read more
0 stars

RE:RE:rather see them hold on for better market conditions

death spiral potentially, its the 30 million debt that needs to be rolled in june 15 that is holding this back.  They need to close finanacing for the complete CAPEX otherwise it will become a serious...read more
0 stars

RE:rather see them hold on for better market conditions

typo sorry meant peru producing asset not bolivia thinking about ORV instead  rate and reply
0 stars

rather see them hold on for better market conditions

they have cash circa 6 mill + money from the bolivian props - i would rather see these guys hold off until market conditions improve.  The stress point is they need to roll 30mill by july 15.  if gold...read more
0 stars

what this stock trades in one years volume

is equivalent to what any average NASADQ stock trades in a week.  This stock is fricking joke. Tears and years and years and years and years and years of wasted time invested in this flaming piece of...read more
0 stars

so when are u clowns going to announce your financing?

or lack thereof.  rate and reply
0 stars

Financing soon

Just a few more weeks until financing for Ollachea.  Management is trying to have it completed over the next couple weeks, by year-end at the latest. It's been a long wait but we're finally getting...read more
0 stars

RE:debt

They have financing options but they're trying to get the best deal they can.  A lousy deal should bring share price to 25 cents.  A good deal could bring it to 50 cents.  A good deal + construction...read more
0 stars

debt

just wondering how mgmt are going to roll the 30 million debt facility that matures on june 2015.  In line with the new financing for the new build it could get pretty touch and go on this one. Damn...read more
5 stars

From the discussthemarket forum on mirl (tsx:irl):

"If anyone hasn't seen the presentation done by the President Diego Benavides last week, you can google "colorado precious metals summit" and watch it. Two notable things: 1-They might not finalize...read more
5 stars

RE:You put the pieces together: A story in 8 chapters

Interesting theory but the dollars tell a better story.  I called Jeremy and he said this deal was in the works for some time - before the geopolitical issues occurred.  Even if everything had gone...read more
0 stars

You put the pieces together: A story in 8 chapters

1) In 2013, Courntney needs money for San Nicolas, but nobody wants to invest in Argentina (political risk, almost impossible to repatriate profits, controlled fake exchange rate, etc. ) 2) Courtney...read more
0 stars

RE:Absolutely horrific deal

and by the way, only 9.8MM was paid upfront, not the entire 11.5MM. So, you need to pay attention to the details sonny boy...  rate and reply
0 stars

RE:Absolutely horrific deal

I agree but it is possible that there is more to the situation than meets the eye...things we dont know....they probably could have found some additional borrowing capacity somewhere to hold them over...read more
0 stars

Absolutely horrific deal

as you can see by the share price and by all the analysts lowering their targets. Nobody likes this deal except of course CINIMAS. The cost of Ollachea is around 170 million (200 million with existing...read more
0 stars

RE:Is getting out of Argentina....

I imagine the investors that they're working a deal with Minera IRL are nervous about both the country of Argentina and the company CIMINAS. I'm happy about this.  Now they can focus on getting...read more
0 stars

RE:Is getting out of Argentina....

major unexpected change in strategy....usually spells trouble.  And trouble is what it looks like is cooking in the share price. These guys havent been able to finance their mine, andnow they are...read more
0 stars

Is getting out of Argentina....

...a condition for Olaechea fiancing? ...Argentina is going down the toilet starting in 3...2...1...  rate and reply

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