Even though we have been doing our research very well on this Forum ...see the Thread on info from the "Top"...
...I think there is a very real opportunity for a lower entry price into IMP over the next week for the following reasons:
1. As we know the 6th well has been held up while they hook up the brand new 5 wells ...now think about it ...we know this info' on this site because we have researched it ...but many emotional-style owners of IMP shares don't have this information ...hence liklihood of panic selling on their part because of lack of news about the 6th well.
2. We still have a week to go before the Quartely report of good news is out.
3. Marcellus field and other good news announcements ...such as the money in the bank at the end of this month from BMX $14mil sale ...will more than likely be announced in the Quarterly report.
4. This IMP management are renown for their very conservative approach and lack of ramping up IMP ...which is a very good thing for the solid value of the shares ...ie; not over inflating their value.
So ...based on this and the very volatile financials, manufacturing sector, negative real estate, negative USA financial meltdown MARKET we have these days ...i figure ...IMP could go down to 1.3 or even 1.2 again.
Hence, i am watching the market and have put another 1 million purchase at 1.3 cents.
Of course ...when IMP finishes off the last 2 gas wells with its drilling rig for this other Company ...and then comes back to finish Gas Well #6 ...and then the other 12 wells in this 18 holer project ...IMP will climb again up into the lower 2 cent range ...making a nice profit with my marginal trading shares and leaving my 10 million in mid-term to long term hold reserve.
Warm regards,
Mr Muzz
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