Minera (#MIRL) calls for an EGM to sack the clowns, oops I meant board
- 2015-10-11 23:53:23
UK 03:49 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
As you know I have gained a real understanding of how folks live in the grim Northern Welfare safari by becoming an avid viewer of Coronation Street. As such I note comments from the world’s number one mining analyst Roger Bade of Whitman Howard today and begin to think that the man’s judgement may be seriously suspect. Bade notes on the comedy that is Minera (MIRL):
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Agriterra (AGTA), Avesco (AVS), Minera (MIRL) setting share price targets for all three.
John Meyer of SP Angel this morning comments on Anglo American (AAL), Avocet Mining (AVM), BHP Billiton (BLT), Minera IRL (MIRL), SolGold (SOLG), Stellar Diamonds (STEL) and Tri-Star Resources (TSTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at the shares of Minera (MIRL), Scancell (SCLP), Vela Technologies (VELA) and offer some share price targets.
John Meyer of SP Angel this morning comments on Condor Gold (CNR), Dalradian Resources (DALR), Glencore (GLEN), Kefi Minerals (KEFI) and Minera (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Caledonia Mining (CMCL), Minera IRL (MIRL), Paragon Diamonds (PRG) and W Resources (WRES) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
AIM listed Minera IRL (MIRL) has announced that it has entered into an agreement to sell its remaining stake in the Don Nicolas project in Argentina for $11.5 million. The shares have slipped lower, to 10.75p, on the back of the announcement, but does this represent a buying opportunity?
Shares in Minera IRL (MIRL) have recovered somewhat to a current 11.5p since I previously updated on this website with them at 8.25p last month – see HERE. The following updates with the shares recently reacting to permit and project financing announcements from the company on its flagship Ollachea project in Peru.
Minera IRL (MIRL) has announced optimisation study results for its flagship project. The following updates with the company noting that “the impact of the better defined geological model at Ollachea has exceeded our expectations”.
Minera IRL (MIRL) has announced results for a 2013 year it describes as “difficult” and which saw a $2.86 million net cash outflow even after it was able to raise a net $13.85 million of new equity and $4.81 million of debt. The following reviews the position here.
Minera IRL (MIRL) has updated that its Corihuarmi mine in Peru “has once again exceeded expectations” – with, after 6,446 ounces of fourth quarter production, 2013 gold production coming in at 25,223 ounces, compared to guidance of 24,000 ounces. However, with there also some slight delays elsewhere, is there value at the current 12.25p share price? – this up from little more than 8p hit in November but comparing to more than 100p reached in 2011 and more than 50p as recently as early 2013.
Minera IRL (MIRL) has announced results for a third quarter of 2013 in which it was “very pleased with the two major milestones achieved” - financing the Don Nicolas project and obtaining approval of the Environmental & Social Impact Assessment for the Ollachea project. The following updates with the shares currently down at 12p, capitalising the company at £21.9 million.
I previously updated my stance on on Minera IRL (MIRL) when it was in the throes of a possible offer from Singapore-based LionGold Corp and the shares had hit 18.75p - see HERE. A few days later it announced that “discussions with LionGold Corp Ltd regarding a proposed private placement and a possible offer for Minera IRL have ceased”. The following updates with the shares now at 14.375p, capitalising the company at £26.3 million.
Following a recent recommended takeover offer for AIM-listed gold miner Archipelago Resources, Minera IRL (MIRL) - another constituent of this downtrodden sector - has announced discussions “which may or may not lead to an offer being made for the company.”
