Hello Imperial. Patience ...patience is a virtue.Great to read...

Hello Imperial.

Patience ...patience is a virtue.

Great to read your posts and others on this IMP Forum ...and good on you Imperial for finding out where some of the current thinking and work of the Management is heading with some announcements coming soon.

They are experienced management so it is likely they might stall a few days until this current panic mode in the ASX swings into a more sensible mood of mind.

I have been away from HC for a few days ...because we just had a 2 day family celebration for 98 years on cattle property MAKONDA ...here in Central Qld.

Friends and family came from miles around and we had a superb time and all our kids and grandkids and our 95 yr old Grand Great GrandMum enjoyed herself immensely as well.

Well ...regarding IMP...

As mentioned in one of my recent last posts ...i think what we are going through with IMP, with the current low volumes chipping down of the share price ...is currently an ASX market wide negative loss of confidence thing, across the boards in all shares ...even the good ones like IMP.

Since entering the Market in 1972, as a kid ...I have seen this over the decades with the entries into the usual Bear markets. People react emotionally and trigger the sells prematurely.

Patience ...patience is a virtue.

So, in short i am not too worried about the short-mid to mid to long term growth upwards in IMP share prices.

They are still doing all the right things.

IMP is running very solvently with plenty of nice cash flow an that level of cash flow is increasing due to higher Natural Gas prices in the USA ...PLUS all of these nice new gas wells coming online.

While the BMX deal time has been slightly extended by a few days ...they will over the next month come into a nice $14mil windfall.

We have the next well No6 due to be announced on probably Friday or early next week. And then there are still 12 more silver bullets to fire the market, yet ...in just this current round.

Then we have the excitement of MARCELLUS gas field to spark the market, and not many companies are so well positioned to take advantage of that windfall, as is IMP.

Patience ...patience is a virtue.

Warm regards,
Mr Muzz