bmx

BMX very close to a full fledged break-out. Strong buying from lodge partners and Macquarie in BMX over the last few sessions.

IMP said it would be committing some of the new debt facility by year-end, so maybe an announcement on that shortly??
At least we know it isn't going to raise equity at these share price levels, but IMP will need to find some highly accretive acquistions quickly if it is to draw on those debt lines, and take some of the cash for much needed working capital.....
What does it plan to do with its $11m stake in BMX?

Still a lot of questions about what these guys are up to, not enough tranparency about what empire energy is all about. Hopefully we will get a clairfied strategy early 08..

GL