Well if the magazine says one thing and the latest NineMSN update says something else ...i think i will go with the latest update. Is that the June Money Magazine or the May Money mag that you are speaking about, cutsoduro?
It would seem to me that the Speculator from the Money Magazine knows that IMP is beginning to fire with its 18 well drilling program underway now, with the results from the 3rd well due this week ...and he has either prematurely cashed in some of his holdings or else he has added to his holdings, knowing that IMP is going well ...and will be going to better heights.
He should hold onto the shares that he bought, because IMP is forming a nice foundation for solid rise in share value, given that the official offer by Cristal Company has just gone out to share holders of Bemax today.
IMP is in a very interesting position if you think about it, regarding the Arab-owned Company, Cristal offer.
What if IMP held onto its BMX 5% (slightly less) share holding or even bumped it above 5% so that it Bruce has his seat back on the Board table again?
That could mean that IMP would have a very influential holding in BMX with the Arabs. Especially, if i too, hold onto my BMX shares ...heh heh!
Cristal has targeted 90% of BMX shares. That means BMX is likely to be tightly held and anyone who wants in, in the future, will have to pay a premium for the shares.
The idea of the Arabs taking over our unique resource stocks doesn't sit well with me ...so i am considering holding onto my BMX shares.
Warm regards, Mr Muzz
IMP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
