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What there is and what there isn't in tonight's NR from Minera IRL

What there is: 

News that the scumbag Hodges has trumped-up charges against Diego Benavides (that won't stick, mark these words).

That conveniently, he'll be able to keep sucking his $15,000/month consultancy fee from the company for months while the case goes on. Yes indeed folks, the person who was voted down to the tune of 91.7% by the shareholders of the company is still drawing $15,000 per month from Minera IRL.

That despite the low gold prices mentioned, Corihuarmi is still profitable for the company and the real reason Hodges and his band of crooks want to close the mine down is to cover their tracks on their own criminal behaviour, i.e. destroying all drill core from the mine recently by dumping it in a landfill without getting a single permits to do so. Yes Virginia, that's very illegal. That and Corihuarmi is controlled by the local subsidiaries mentioned in the NR, which they can't usurp as easily as they did the corporate entity.

What there isn't:

That Daryl Hodges and Carlos Yrigoyen (the company controller, word used very loosely) also have criminal charges against their names in Peru and the moment Hodges steps onto Peruvian soil he's going to be arrested (which is going to make it fun when he has to appear in a Peruvian courtroom in order to press his claims against Benavides).

No wonder he wants to gag free speech, what with it interfering with his criminal activities and shining the light on the truth of the matter. Anyway, here's the NR:

LIMA, PERU--(Marketwired - Sep 21, 2015) - Minera IRL Limited ("Minera IRL" or the "Company") (IRL.TO)(MIRL.L)(MIRL.L) announces that the Company has advanced the independent investigation as described in the 24 August 2015 Press Release and, as a result, has started the process of dismissing Mr. Diego Benavides, the former interim CEO of the Company, from his role as President and General Manager of the Company's two Peruvian operating subsidiaries, Minera IRL S.A. and Compañía Minera Kuri Kullu S.A. Further, on the advice of Peruvian counsel, criminal proceedings against Mr. Benavides have commenced. Under Peruvian corporate law, the process of removing Mr. Benavides from his controlling position with the Peruvian subsidiaries may take several months; however, in the interim, to the extent possible, the Company is taking steps to safeguard its assets in Peru.

Following this temporary compromise of control within the Peruvian subsidiaries the Company requested a precautionary suspension from trading on AIM. The suspension will remain in place until such time the Board is satisfied that appropriate control has been re-established. The Company will provide updates on the management of the two Peruvian subsidiaries as they become available.

Corihuarmi Update

The lower gold price in 2015 has adversely affected the profitability of the Company's low-grade Corihuarmi mine, which has been in operation since 2008, but is nearing the end of its mine life and has imposed further stress on the Company's financial situation, particularly its working capital position. The board is currently evaluating alternative scenarios for the mine in advance of discussions with its lenders. The Company expects to make a further announcement in the near future.

About Minera IRL Limited

UPDATE: Or in the words of one unsolicited Canada-dwelling mailer this evening:
What this says to me is, "don't ever invest any money with anyone even vaguely associated with these people ever again, because they will hold your money hostage while they sack the company and try to jail its respected local manager."

Quite right.