(IMIC) Intl Mining & Infrast

See the discusion board and news for an update today.

They ave just made an initial TO of Afferro. See AFF for details.

....who has any idea what is going on with this mob?

Should I just try to sell my modest holding and put it on a number on a roulette wheel instead?

I cannot trade this stock since consolidation anyboby know how long before this is fixed on III TRADE PLATFORM seems everthing they do takes forever even getting a divi paid in takes up to two weeks.

Low cap and it looks as though this could become an interesting development.

Any thoughts on the recent appointments?

Low M/C - has a decent amount of cash and now potential. Interesting for once.

DJ Intl Mining & Infrast Corp PLC IMIC Signs Heads of Agreement with AIOG

TIDMIMIC

RNS Number : 0336T

Intl Mining & Infrast Corp PLC

30 November 2011

INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC

(AIM: IMIC)

IMIC Signs Heads of Agreement with AIOG

International Mining and Infrastructure Corporation plc ("IMIC"), (AIM: IMIC) is pleased to announce it has signed a Heads of Agreement ("HoA") with African Iron Ore Group Limited ("AIOG") regarding an exclusive collaboration to acquire, finance and develop iron ore mining and related infrastructure projects in Africa. It is expected that the HoA will be formalised into a Relationship Agreement within three months.

This HoA is a vital step in implementing IMIC's new investment policy and strategy, as approved at the last AGM, which is focused on acquisitions and investments in the African iron ore sector. The HoA sets out the relationship framework between the publicly listed IMIC and AIOG, a private company, whereby AIOG agrees to partner with IMIC on an exclusive basis in Africa in relation to iron ore mining and infrastructure related projects. It is IMIC's intention to acquire strategic stakes in iron ore mining projects and companies in order to benefit from the significant value creation unlocked when these projects secure infrastructure solutions that will enable their commercial development into producing assets.

AIOG, through its extensive regional expertise, governmental relationships and strategic alliances, will take the lead in developing iron ore mining related infrastructure solutions.

Under the terms of the HoA, it is proposed that:

-- IMIC and AIOG will each undertake a 10% shareholding swap so that each party will hold 10% of the equity in the other with respective anti-dilution provisions;

-- AIOG will provide capital raising support as and when IMIC seeks to undertake a fund raising;

-- at this early stage of IMIC's implementation of its investment strategy, AIOG will act as a paid introducer of investment opportunities; and

-- IMIC will be able to invest in AIOG related Infrastructure Special Purpose Vehicles, thereby ensuring it can also participate in the value creation enabled by the provision of infrastructure solutions to mining projects.

Commenting on this important milestone, Haresh Kanabar, Chairman, said "The signing of this Heads of Agreement with AIOG marks the launch of IMIC's investment strategy with a world class partner, there are few organisations as well connected across the Africa region as AIOG. There is significant value to be created and shared as the African iron ore industry develops into a leading world competitor and we believe IMIC and its strategic partner AIOG have a key role to play in facilitating this. We look forward to updating shareholders with developments over the coming months."

Final terms of the Relationship Agreement will be announced once it has been signed.

Contacts:

International Mining and Infrastructure www.imicplc.com
Corporation plc
Haresh Kanabar, Chairman +44 (0) 207 290 3340
James Ward, Finance Director

WH Ireland Limited www.wh-ireland.co.uk
Mike Coe / Marc Davies +44 (0) 117 945 3470

Note to Editors:

African Iron Ore Group Limited ("AIOG") seeks to unlock the value of West and Central Africa's plentiful mineral resources, primarily iron ore, through the provision of coordinated infrastructure solutions that will enable these resources to be developed into commercial operations. Please visit www.aiog.com for more information.

This information is provided by RNS

The company news service from the London Stock Exchange

END
MSCEAKFEDDKFFEF

(END) Dow Jones Newswires

30-11-11 0701GMT

Seems to be a bit of interest. New Financial Director bought in a lot higher up and with the results due soon there may be an update. Are we in for a spike from these low levels? Any thoughts?

IMIC continue to do everything appart from anything.

My view is that they are bunch of wasters. Nothing ever happens, they are supposed to be invested in Africa but they aren't. Total incompetents!

Not invested in this share but hears a bit of good news for all the long suffering investors stuck in this dog of a share. 

1 . New director coming on board  with alot of minning experience as new chairman .
2. Going for a gold asset in Africa which apparently they have been working on for months 
3. Watch for the volume on Monday morning it will be big . 
4. Your time has finally come to get something back from IMIC. 

GL .

a 10% rise, no reason and no comments?!

Any thoughts on what may be going on here? If Starvest still have their 6% it could be interesting as IMIC have some £700k and are fairly clean.

Not too sure what may be going on here but over the past couple of weeks or so there has been several useful trades at 0.30p. Could it be stake building? I doubt if they are sells as the sp would have been marked down.
Interesting.

This company is supposed to be investing in Africa but hasn't done so! It has investments in 2 companies but has nothing to say about them. It is incredible!!

I googled Haresh Kanabar the ceo and he has loads of entries but nothing to fill me with confidence. They say they are set up to invest in Africa but have no investments there!!! Like you say, its a load of nonsense!

What a load of nonsense raised 1m,no new investment and a 300k loss- take th emoney and run but stop paying yourselves please

true, and luckily I also have a small investment here and I cannto even remember why I bought, but being 50% down on a small stake, I am not inclined to sell, just live in hope of them pulling themselves together.

true, and luckil I also have a small investment here and I cannto even remember why I bought, but being 50% down on a small stake, I am not inclined to sell, just live in hope of them pulling themselves together.

share both your opinion.i have no real interest in these price increases because i know they are not underpinned by anything tangible-its sheer mm nonsense

When I spoke to IMIC some time ago they said there would be a trading update at the end of March. I have a very small holding here and do not intend to sell until I make a profit.
I would definitely NOT recommend this as a share to anyone. It would be nice to know what they are doing with the money as I can't see much happening at all.
Still the end of March is Thursday so we might hear but then again........

very odd indeed. This is not a share I would get into now, but I am prepared to sit it out with the shares I have. Very hard to see what is happening though

absolutely pointless buying /selling these with this kind of spread.Why do that? Any increases is a complete lie ,i really do not understand the mm behaviour for this share

Bit of action for you now watcher2

no sales yesterday again. No other share acts like this and has so little interest on iii!

I rang them and there will be an update by end of March. However, there is little info on their investments and how those investments are doing.

fascinating that of all my AIM shares that I look at on iii this is the BB with the least discussion! And yet, IMIC is one of the tiny number of companies in my portfolio that got some blue this week! Miners in general did not do well this week.

Dont know, new website, figures due, £1m in the bank, change of name - just seems interesting. What it lacks at the moment is a high profile name on the Board. Perhaps thats on its way.

so much movement and so little conversation!¬ What has happened to cause this movement, any idea?

Last year the interims were out in March. Does anyone have any thoughts?

no will fal tomorrow

more tomorrow I would think

I think they may be very small. There were some buys this aftetrnoon but the share seems to spike and retrace very quickly, matter of minutes so you have to be very watchful.

It looks as if this may have some legs.

RNS
http://www.investegate.co.uk/article.aspx?id=201103021339242029C&fe=1

but why no sales at all??

Like I said at the beginning of Feb, we have to wait until the end of March for an interim!!!

nm

is it dead?