|Intl Min&IN Crp
||EPS - Basic
||Market Cap (m)
Intl Min&IN Crp Share Discussion Threads
Showing 2051 to 2073 of 2075 messages
Don't think they are related because they were the ones that tabled a new motion forcing IMIC to hold a meeting which subsequently altered the terms. But I suspect you are right, it won't alter the outcome what we do. I have already voted against.|
|There were several institutional investors in Afferro and they would no doubt be following the situation closely and maybe in dialogue with IMIC. I guess in reality it's the institutions who would have the votes to carry or reject the proposal. The voting process is pretty clear and I can't see how anyone could rig it.|
|And whats more,no matter how the vote goes, they will make sure we don't see a penny of our investment. Hence why I just what to do whatever I think they don't want us to.|
|No need to worry about how to vote; they will get it through whatever us PI's want or think. They have total voting power.|
|I have read the notification but unsure at this stage whether my brokers will offer the facility to vote by proxy or not. If they do, I am leaning towards accepting the proposal; I have pretty much written these off but it seems to make sense to me to accept. It looks like (I know, I know, they may be pulling a fast one!) they are in very bad shape and looking to keep costs down (a listing would obviously add to costs - if they can manage to get one!) and no NOMAD would touch them with a barge pole. I prefer the lower risk in this instance of fixed interest at 8%pa with pay back (hopefully in 4 years) rather than the gamble of conversion. It may be 10 years or more before shareholders can make a decent return on this!|
|p, sorry, I'd missed that.
I don't know who that 10%plus holder is. An IMIC related party I imagine.|
I was referring to this:
Livic1971. 22 nov 2015
Have just got a letter in the post from them, they appear to have been forced to hold an EGM on the issue on the 14th of December in Leicester because a Loan Note holder with more than 10% of them has requested it.|
I'm not aware of any such large loan holder apart from IMIC themselves. I think us lot are all rather small loan holders.|
|Mining 2017 - "“one of the best lawyers in the industry;" Ha,Ha!!!
Blake Cassels & Graydon is once again one of Canada’s standout mining firms, with seven practitioners listed. In Vancouver, Andrew McLeod is the firm’s highest-nominated lawyer. He focuses on financing, investment, restructuring and M&A both in a national context in Canada and internationally. He is “one of Canada’s preeminent mining lawyers”. Bob Wooder has expertise in M&A and takeovers, where he is “a great strategist and gives practical advice”. In London, David Glennie is “one of the best lawyers in the industry; his mining knowledge is excellent”. He has vast experience in financings and M&A and has advised clients including Reservoir Minerals on a US$135 million acquisition and Afferro Mining on its takeover by IMIC for US$200 million.|
|If I ever get a response from my brokers I will be voting NO for my paltry 10k of shares in this heap of rubbish. Pity they can't run a business as well as they come up with these schemes.|
|Yup, that's why I wonder if we are on for a repeat of 2009/10 in resource stocks Noirua and a repeat of the Parthus/Woody shenanigans.
The good 'ol days....
I am confused (unsurprisingly ). I thought there was a large loanholder who managed earlier to get the company to change the terms for us.. Do they still exist ( can't see how they could not )? Do we know who they are ? Or how they might vote ? They too may feel equally agrieved and vote against ?|
|The numbers will inevitably be against us and a Parthian shot up the bum from us will have no effect... but it makes me feel better...the shysters.|
|Written these off long ago - voting against as it appears that's what they don't want us to do. I hope what goes around comes around ....|
|He he Parthus, nice one, that takes me back to the good 'ol days of you and Woody 'sparring'.
|parthus, you promised you wouldn't bring that up again! Besides, I'm a reformed character these days... ;-)|
|I agree horneblower, the Afferro (think you've been dipping into the chocolates!} directors really are the ones who should be ashamed of themselves.
Bearing in mind the possibility, dare I say, of our votes not being counted, it would
be interesting to get an idea of our collective holdings and how people are voting. Would anyone be up for this?
I have 3,000 shares and am voting NO.|
|I have also voted against for the same reasons.
...although I don't feel as much of a grudge against the current IMIC directors as I do against the ex Ferrero (sic) directors who knowingly sold us out to their own advantage.
Has anyone written a letter of complaint to the AIM authorities?|
|EC, in answer to your question (sorry for the delay in responding), yes. My holding is small and I had already written it off. I would like to make this as hard as I possibly can for them to get what they want, even if it costs me.
Noirua, you are summing it up beautifully.
With the rising price of iron ore, this company can now do well. I'm damned if I will just let them take my share off me without a fight which is what I believe they are trying to push through.
My vote is registered.|
|Hi Parthus and Noirua
Seems that we are all agreed - reject.
Noirua - a return to the bull run of 2010'ish?
|Noirua, Fully agree.|
|I have voted against via my TDD account. It is really up to the directors of IMIC to pull the company round as Sundance are attempting to do.
Iron ore looks set to challenge $100 in the fairly short term as China runs down all its iron reclamations.
Chinese iron ore is mainly low grade and more contaminated than elsewhere. The price is set to move up in line with Copper, Zinc and Lead.
Zinc is at a 5 year high. Copper and Lead at 12 months high points.
IMIC know all this!|