News

July 17, 2008

Please Look After This Bear Market: Minera IRL Shines A Light On Darkest Peru And Increases Its Shareholder Base By A Factor Of Six

By Alastair Ford

What do you do when your Aim-traded shares are illiquid? List on the local bourse, that’s what. However, some companies are luckier with their location in this regard than others. Johannesburg is rapidly regaining its status as a good market on which to trade small mining shares. All to the good for Jubilee Platinum, African Eagle and others. Hong Kong is just beginning to make an impact as the market of choice for Chinese-focussed companies like Leyshon Resources. Botswana is popular with the small clutch of Aim diamond miners. One or two companies have even attempted Russia, but the traffic there is still mostly the other way. Dublin seems to be fading, but Scandinavia still remains home to the likes of Crew Gold and London Mining. And there’s always Australia and Canada, if you don’t mind being lost in a crowd.

The surprising stand-out success of recent experience has been Lima. Not in terms of the numbers of companies listing there – there aren’t many of those - but simply in terms of the startling numbers that Aim-traded Minera IRL presents to the market on its own experience. Courtenay Chamberlain, executive chairman of Minera IRL, is very pleased with his listing on the Lima exchange. And well he might be. When the company was only traded on Aim it boasted a share register of less than a hundred...