drilling about to start , page-7

consolidation inevitable Yes Wilson but for me consolidation is the big worry.

If only everyone would just buy in and hold for the long term and good news and higher share price rise, but it just doesn't happen very often; even for the companies with fantastic prospects. Too many wimps, nervous nellies, and profits takers around unfortunately.

I really like IMP and BMX in which IMP has a 5% (approx) interest, but I feel both have too many shares on issue for such small companies particulary IMP. (A necesary evil that most small companies have to endure to obtain the funds necessary to finance development). What shares are on issue now?

BMX - 903,066,346
IMP - 1,394,363,874

I have been burnt so many times before with the consolidation and restructure BS of the smalll caps. Forgive me for being nervous for the present.

I would feel much more comfortable with both BMX and IMP if we could get the inevitable consolidation out of the way.

Buy, sell, or Hold IMP? No comment.