executive chairmans letter 17/03, page-10

Yes, it is overdue for a share consolidation of at least 1:10.

That would bring the volume of shares to be traded down to a reasonable 200,000,000+ and on closing sale price to around 6 cents per share.

Maybe if it releases a bullish financial statement and there's a subsequent rise in share price ...IMP Management in consultation with Macquarie Bank ...might think it is an opportune time to do the ubiquitous 1:10 Consolidation trick.

Is there anything that would hold them back from doing a Consolidation?

They did well out of their Bemax share sale ...and so did i ...which cashed them up nicely for this current natural gas company takeover ...so not all of their dealings have just been "fashionable".