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Intl Min&in Crp Share Chat (IMIC)



Share Price: 15.125Bid: 15.00Ask: 15.25Change: 0.00 (0.00%)No Movement on Intl Min&in Crp
Spread: 0.25Spread as %: 1.67%Open: 15.125High: 15.125Low: 15.125Yesterday’s Close: 15.125


Share Discussion for Intl Min&in Crp (IMIC)


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traderton
Posts: 199
Premium Chat Member
Research
Opinion:No Opinion
Price:15.13
Update to my April prediction
7 Jan '15
In my April post last year I said my main interest in this share was not trading it but hoping it wouldn't go bust so that I would get my AFF bonus when the 8% bond matures in December 2015.

I'm not confident that my reading of IMIC news would tel me this but I have confidence in the great mass of investors some of whom will see bad signs long before me.

So I follow Elliott waves to learn what the investors are telling me.

In April at a price of 28.75p I said I was disinclined to buy the share since the charts were showing a drop to 12p before a recovery.

I looked again today. I can hardly take pleasure that the share has dropped 47%, which casts doubt on my bond as well as losing real investors money. but at least it confirms my confidence in Elliott.

At the current 15.13p I am now not so sure about the 12p target.
My daily charts do still show a further move down after a small recovery to 22p or so, but the 5 minute charts which I have recently started to trial show an up trend after a further down.
Puzzling!

But I'm happy to go away for a while until the dust settles.

I presume there is still no market in the 8% IMIC bond (Sedol BFWH241).

Happy New Year.
 
rugs
Posts: 636
Off Topic
Opinion:No Opinion
Price:16.00
View Thread (2)
RE: No reason
6 Oct '14
Fall looks way overdone and for no apparent reason as far as I can see.
Henryb
Posts: 1,161
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:15.63
Bouncy bouncy
6 Oct '14
...
Henryb
Posts: 1,161
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.75
View Thread (2)
No reason
6 Oct '14
For this drop from what i can see, just driven down by sellers. Will it bounce? hmmm
seannyday
Posts: 204
Off Topic
Opinion:No Opinion
Price:26.00
any idea how to trade the bonds?
11 Jun '14
does anyone know how to buy or sell the Afferro convertible bonds through the matched bargain system? thanks
seannyday
Posts: 204
Off Topic
Opinion:No Opinion
Price:26.00
RE: What is Xavier Neil doing in IM
11 Jun '14
Thanks Gheebhee. what do you think of the Kuwait link into New? Is Xavier out of money??
GheeBhee
Posts: 580
Off Topic
Opinion:No Opinion
Price:26.00
View Thread (2)
RE: What is Xavier Neil doing in IM..
6 Jun '14
Bailing out, probably, if he can find someone to buy his shares. IMIC backed the losers in the Sundance stand-off. http://www.sundanceresources.com.au/irm/Company/ShowPage.aspx/PDFs/2796-93770933/MotaEngilAfricaAppointedtoBuildPortandRail
In retrospect this was indicated when the debt was crystalised by Niel Infrastructues and Neil Petroleum introduced the Kuwait shenanigans into their RTO of NEW. Will Smith briefed an almost empty room recently that IMIC ought to change its name to Cameroon Mining because it certainly wasn't International Infrastructures. Anyway, unless IMIC pull a link to the Government out of the hat as per Guinea and Liberia (though neither of those seem to have come to anything) you'd have to ask just what it is that AIOG brings to the party. IMIC is now AFF by another name but with debt not cash but no longer stranded.
seannyday
Posts: 204
Off Topic
Opinion:No Opinion
Price:26.00
View Thread (2)
What is Xavier Neil doing in IMIC
4 Jun '14
So Neil Infrastructure has taken 27% of IMIC. I guess IMIC is now going to be bought out? Or He's about to add a few billion more to his $11billion. You could write a film about this company. Mysteriously connected swiss liberian businessmen found Afren, the found an investment company which takes over a mining company using its own cash.. Enter the Chinese, various banks with bonds and loan facilities, then enter the big boys.. Me thinks something big is cooking either way
GheeBhee
Posts: 580
Observation
Opinion:No Opinion
Price:27.75
UK Cameroon Forum
5 May '14
GheeBhee
Posts: 580
Observation
Opinion:No Opinion
Price:28.25
View Thread (3)
RE: RE: IS IMIC WORTH SOMETHING
23 Apr '14
That Sundance decision is scheduled for the June Quarter (Apr/May/Jun)

http://www.asx.com.au/asxpdf/20140422/pdf/42p3t7m17xt1z1.pdf





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