|Intl Min&IN Crp
||EPS - Basic
||Market Cap (m)
Intl Min&IN Crp Share Discussion Threads
Showing 2076 to 2100 of 2100 messages
|Yeah, I suppose you are right. Just trying to spread a little Christmas cheer!
|No chance, deltrotter.
I shall use the losses against my cap gains bill.|
|Unfortunately our loan notes are unsecured, and we would rank near the back of the queue behind a plethora of secured bond holders.|
1buy and hold
Never say never. Maybe, just maybe, there is another twist coming in this saga!
|No chance but thanks for the sentiment, Mr IMIC.
Happy Christmas to you too.|
|I do hope you guys get something back out of this.
Happy Christmas everyone.
The link above shows the extent of IMIC's Loans "quoted" on the Irish Stock Exchange including ours. It amounts to well over £100 million.
Not a penny of it will ever be repaid.
Nice work if you can get it.|
|I suspect that "major loanholders" are the same that forced a change of terms (successfully) in the past. I hope something to our benefit will emerge.|
|Surely if it enter insolvency, we as loan note holders are near the top of the pecking order for any recovery of debt owed? Is that too naive?|
|The announcement of the adjournment until 15.3.17 includes the paragraph:
"The directors of IMIC have been approached informally by certain major loan noteholders who suggested amendments to the proposal. To allow sufficient time to consider the suggested amendments to the proposal properly, the noteholders meeting has been adjourned."
I am not sure whether, now we appear to be in a second "window" during which a listing failure has occurred, we can demand our loan notes be redeemed for cash (including accrued interest).
The notes with the notice of the original meeting give 21.2.17 as the date by which the company will be likely to have to enter insolvency if no listing is obtained.|
1buy and hold
|What kind of people are we in bed with?|
|I understand that it has been postponed so that Mukhtar Ablyazov can attend now that the French have released him from prison.
Our largest bondholder and shareholder through Niel Infrastructure apparently.|
|Who knows, we shall see che7win; if they have hopefully it will suit everyone.|
|Thanks Scorpione, Maybe the larger shareholders have agreed something?|
|FYI - Just spoken with IMIC and found out that yesterday's meeting has been adjourned until 15 March 2017. No reason given but a notice will go up on the website today.|
|Sorry, wrong link.|
|Does anyone know the result of this morning's meeting?|
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.|