Post by
Sinusitus on Nov 05, 2015 3:20pm
Breakfast with Diego Benavides
https://static1.squarespace.com/static/52483801e4b0cd3b08465542/t/563b6f9ce4b0796851577f5a/1446735772148/Issue+144.pdf
"Companies trading on London’s junior market are obliged to have a so-called NOMAD, a corporate broker that acts as a nominated adviser to the company. Minera IRL’s incumbent board has warned shareholders that its current NOMAD, Canaccord Genuity, “would have no choice but to resign” if Benavides’ proposed new board is elected later this month, triggering a delisting in London, if a new NOMAD cannot be found. But senior corporate brokers describe the statement as “scaremongering.” Three high profile
brokerages in London have told Global Mining Observer that if Benavides’ board wins, they would be willing to act as the company’s nominated adviser. “We would be more than happy to be NOMAD,” one source said, “if Canaccord resigned, which I really don’t think they will.” SP Angel, a corporate broker on Maddox Street in London, has been outspoken in its criticism of the incumbent board, calling on it to “debunk” allegations that it rubber-stamped pay awards for former chairman Daryl Hodges, even after sharholders voted to remove him"
https://incakolanews.blogspot.com/2015/11/global-mining-observer-does-minera-irl.html