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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intl Min&IN Crp | LSE:IMIC | London | Ordinary Share | GB00B5WJVL79 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.75 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
10/11/2015 17:01 | Since they have raised $22m after this announcement, we remain creditors so they can't just ignore the debt? Wouldn't that worry other bondholders or jeopardise them raising finance in future? Finance update The Company currently has outstanding debt obligations of US$100.5 million, excluding convertible loan notes issued as deferred consideration for the Afferro Mining Inc (“Afferro̶ “Acquisition The Company is in advanced discussions with existing bondholders in relation to freezing an interest payment of US$3.1 million, due in October 2015, for a period of 24 months and suspending all remaining interest payments on the bonds also for a period of 24 months. | che7win | |
10/11/2015 16:58 | Corporate Governance IMIC is committed to maintaining the highest standards of business conducts and ethics as well as compliance with applicable laws, rules and regulations to protect the best interest of our shareholders. Whilst AIM companies are not obliged to, the Board intend, so far as is practicable given the Company’s size and nature, to comply with and support the principles of the new UK Corporate Governance Code. We also intend to comply with the principles of the Corporate Governance Guidelines for AIM Companies published by the Quoted Companies Alliance in 2005, so far as it is practical for a company of our size. As we grow, the Board will review our corporate governance policy and practices with the objective that these will continue to evolve with the Company’s size and stature. The board is currently comprised of two executive and three non executive directors. As such, their performance is directly linked to the performance of the company. Accordingly, the directors consider that the structure and scale of their remuneration can be set fairly on an annual basis with due regard to the interests of shareholders without the need for a Remuneration Committee. The directors are responsible for the evaluation of new investments. The finance functions are administered by the finance director. Given the size of the company, the directors do not think it appropriate to have an audit committee. However, as directors they do examine the process of financial reporting within the company, review the company's accounting policies and monitor the integrity of the financial statements. They also review the company's system of internal control and processes for monitoring and evaluating the risks facing the company. The directors monitor the auditors' independence and cost-effectiveness and review the scope and results of the audit with them. | che7win | |
10/11/2015 16:55 | The board on the other hand: | che7win | |
10/11/2015 16:55 | Wasn't IMIC owned by friends and family in the early days? | che7win | |
10/11/2015 16:54 | They advisory board look honest, upright men don't they: | che7win | |
10/11/2015 16:41 | Interesting Scorpione, we are creditors at the end of the day | che7win | |
10/11/2015 16:36 | The situation gets more intriguing by the minute! Just finished a phone conversation with IMIC and was told that they are looking to list the shares on another trading exchange. IF they are unable to do so, under the conditions of the loan notes, they are repayable in CASH! Knowing this lot, I cannot see that happening; by hook or by crook they will get a listing on some exchange where a NOMAD is not required. In any event where will they get the cash from? | scorpione | |
10/11/2015 16:34 | All so predictable when IMIC came in. I did not predict it but wise heads said this is how it would end up. Stuffed. | brettmo | |
10/11/2015 16:34 | The situation gets more intriguing by the minute! Just finished a phone conversation with IMIC and was told that they are looking to list the shares on another trading exchange. IF they are unable to do so, under the conditions of the loan notes, they are repayable in CASH! Knowing this lot, I cannot see that happening; by hook or by crook they will get a listing on some exchange where a NOMAD is not required. In any event where will they get the cash from? | scorpione | |
10/11/2015 13:32 | So that's it then all over....not a bloody penny....no wonder ex-directors AFF wanted their pay off in cash....feathering ones nest comes to mind. | beeezzz | |
10/11/2015 12:59 | Re: AIM Listing - NOTICE OF CANCELLATION OF TRADING ON AIM - | speedsgh | |
10/11/2015 09:51 | Utterly corrupt. I wonder if anyone from the Cameroon government is a shareholder. How many shares do the directors hold? | irenekent | |
10/11/2015 09:19 | It's all been one big corporate scam, was suspicious from the start. Little in the way of mining exploration activity, bought AFF with its own cash, offered an attractive interest rate on a note you couldn't trade. There main skill was meant to be all their links to big finance, and the Chinese, who would build rail links to the mining areas. Finally how have they managed to raise another bond without a NOMAD? | diesel | |
10/11/2015 09:02 | I never thought we would get cash. Bog paper at best. Luckily AUE is doing well ... LOL. | bsg | |
10/11/2015 08:44 | Nearly bought about 4 years ago. I hope peeps haven't lost too much. GLA. | sleveen | |
10/11/2015 08:34 | Good stuff ridicule - sounds like they do have meaningful assets. | deltrotter | |
10/11/2015 08:32 | How are they negotiating a $22m loan if there are no assets? I agree the chances of getting anything are zero but AIM should look at this process. They owe us money as they cannot convert to shares under the terms of loan note if they are not listed. | ridicule | |
10/11/2015 08:07 | the company is bankrupt | whum |
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