buyers building, page-5

Graham,

I think this is all part of the bigger strategy that Impress is hoping will result in a takeover offer by the end of the year.

I believe the company is raising to the cash to get some runs on the board for its Cooper acreage and then wait for the offers from some of the relatively bigger players looking to consolidate in the region. This is something that Doug Jendry has done in the past (Omega) and would be happy to see happen again.

I personally think it's a reasonable strategy and could see the share price go very much higher by the end of the year. I am a long term holder and also took up the recent placement at 4c so am happy to wait and reap the rewards.

Cheers

Badfish