Ann: Impact Raises $3.25 Million and Drilling Commences, page-115

JDR5, I think there have been a few others who have expressed similar sentiment (including myself). Also, I sold out earlier this year and took my medicine. However, I bought back in about two months ago because I feel there has been a change in attitude at the top. Previously Impact was content to be a "shelf company" and sit on its great assets. It was waiting for a white knight to ride up and form a JV and to do the drilling. Impact's plan was to negotiate a free carry. But that model rarely works, IMO. Within the last 12 months Impact has experienced failures with potential JV partners at Broken Hill and In Queensland. As a result, maybe Mike Jones and others at Impact could have learned a big lesson. Also, Impact got the State government's grant for some of the drilling at Broken Hill. All of these events may have caused the leopard to change its spots. Anyway, I hope so. Incredibly Impact has raised plenty of cash (not easy in this economic climate), as well as adding another interesting tenements. IMO Mike Jones has been out and about with a new mojo! Finally, long-suffering shareholders will soon see drill results from Broken Hill. I could be completely wrong, but it looks like Impact has entered a new exploration phase - one that is actually based on drilling its tenements. Current drilling will cover its three PGM-type tenements at Broken Hill and with a bit of luck we could be in the money. Good luck amigo and to all sharehodlers.