Ann: Quarterly Activities Report , page-7

A TSX listing would mean a better valuation in markets that are closer and appreciate the value of the IMP assets. For capital raisings and positioning in terms of a sale of assets - it's a very good thing.

No placement at this stage. But after lionels statement earlier, all the numbers I have done point to cash being very tight. Unless the numbers from the AMU acquisition are *really* amazing, I think a capital raising is not a question of if, but when.

I just hope when they do it, BM and co have the brains to use the opportunity to get broker cover - IMP is amazingly undervalued.

s