Minera IRL Limited T.IRL

track record of Hodges & co

[pecorina]

we are arguing here about the merit of Otto's inputs .In contrast, we should
not forget the disgusting track record of Hodges and cronies,  i. e.
demonstrated rip-off of the common shareholder notably

- the moment the past CEO passed away, the very person who
paved the way for financing from the Peruvian institution, our Mr
Hodges paid himself a "BONUS" of $ 150,ooo for simply putting his
signature to the documents

the very same Mr Hodges was apparantly a major force in the de bacle of the
local Canadian brokerhouse -- Jennings... "join and destroy"

Hodges seems to have been instrumental in destructing the good
relationship to the local community to the point they declared him
presona non grata  -- how much more irrespondsible could one be?
No access to the property, and yet you want to mine it. Only a
mental case could do this in this day and age


Hodges reportedly rewarded himself with a consultancy contract of $ 15,ooo monthly  -
For what "performance"
So let's clean up the IRL act and kick out these characters on the Nov 26 EGM
Ciao
Tina

[battleready]

Agreed on the bonus. But why did the community call Hodges a persona non grata? If so, then Benavides failed at his job with the community relations. It was his job to represent the company and its interest. Maybe he discredited the board and Hodges in front of the community? How do we know? If Benavides did not properly represent the company, then he is in breach of his fiduciary duties. Hence he

[YoungRich]

It's a long story. Hodges was incompetent and did not listen to Benavides, in fact he's trying to kick Benavides out. But the main point here is that Hodges has NO shares while Benavides has over $1 million invested in IRL and has been with the company from the start. In my humble opinion, Benavides has more reasons to see IRL shares go higher while Hodges is just there to help himself

[battleready]

According to news release today it says: "The company has been informed that the ultimate buyer of the most recent gold sales is Kaloti Metals & Logistics LLC". The press release yesterday notes: "The company has to date used offtake arrangements, whereby the proceeds from its gold produced at the Corihuarmi mine have been paid into a Jersey bank account operated by Minera IRL

[YoungRich]

seriously battleready ... ?

[battleready]

Do you trust Benavides? I know you don't trust Hodges because of what you have read. Sounds like poor corporate governance having one person controlling the Peruvian corporate. What are your thoughts on this?

[YoungRich]

Again, I trust Benavides because he's a major shareholder and did not dump his shares before this mess began. Why would he want to destroy the company and lose his money? If he were to intend to trash IRL, wouldn't he had dump all or at least a sizable chunk of his shares beforehand? He is still holding his shares and have been with the company from the start. So I take the recent news

[battleready]

From the link provided: "As discussed below in the sections on Community and Corporate Governance, the Board believes the damage to the relationship with the Community was deliberately orchestrated by Mr. Benavides in order to destroy the prospects for Mr. Hodges' re-election at the annual general meeting held on 27 August 2015. As outlined above, the corporate governance crisis was

[battleready]

It is clear to me Benavides will make more money controlling the asset and having complete control of the company's finances.