Falling diamond prices are making many small diamond mines uneconomic and things are expected to get worse before they get better. Diamonds used to be very different from other minerals. They did not suffer from the cycles where prices soared and then slumped. Diamonds would steadily rise in price over the years. The risk was all in the exploration side where it can take many millions of pounds to find and develop a mine.
At last there is some good news for small, soundly based companies. Aim broker Alexander David Securities Group has launched a new EIS Fund, which will focus its investments on existing Aim companies that require cash to help them to grow their business. More
Isle of Man-registered African Medical Investments raised £5.1m at 10p a share when it joined Aim on 27 June 2008, which valued the company at £5.6m. More
Imaginatik provides collaborative software and consultancy for innovation management and problem solving. The core software product is called Idea Central. More
Bright Things has wound down its original interactive DVD business and is concentrating on social networks maker SocialGo. More
A few years ago Aim and many others were crowing when the number of companies on Aim reached 1,000. More
Livestock auctioneer John Swan & Sons is trading at a 60% discount to its net asset value.
Competitions organiser Best of the Best slipped into loss in the first half because of the loss of contribution from the former BAA sites.
Macaroon bars and coconut snowballs maker Lees Foods is getting a £500,000 refund from HM Revenue & Customs.
One of the original backers of Aim adviser Arden Partners has more than doubled his stake to 11.6%.
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