UK 10:25 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This morning International Mining & Infrastructure (IMIC) quietly left the Casino. Following the resignation of Strand Hanson as the company’s Nomad on 8 October, IMIC was unable to find a replacement. Under the AIM Rules for companies, the requirement to have a Nomad is one of the few rules AIM Regulation bothers to enforce. We are none the wiser as to why Strand Hanson resigned nor do we know why IMIC could not find a new Nomad. As far as transparency goes this is not acceptable. If the company is so toxic that even Beaumont Cornish won’t represent it, shouldn’t shareholders have the right to know why?
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Comments
VINES
wake up the nomad didnt leave them in the lurch, management wanted to delist. theyve given the assets to bondholders, nothing left for equityholders no point being listed.