For those of you who were keen on the interview with Geoff Lord...

For those of you who were keen on the interview with Geoff Lord and probably had an influence on your decision to buy IMP, here is a point worth thinking about.

Firstly, here is an extract from the interview:

".....there's a game plan that involves steps two, three and four. This is step one, we talked to the company about step two - the company's run by Bruce McLeod, a good bloke. And depending on what they want to do, steps three and four could follow."

Step one was obviously buying a chunk of the company. I think it was reported Lord and his pals bought something like 200M shares (or 20% of the company). Many of you would be thinking that step two was this gas venture but this was an initiative by Imperial and had nothing to do with Lord. It was on the cards before Lord bought up and the deal was secured by Bruce McLeod. So what does Lord have in mind for step two? Are they holding off until the gas venture is in production to maximise the affect? And what are steps three and four. Could these plans Lord has in mind dwarf this gas deal?

I'm sure that by the time step four comes along, a few months would pass. So what price long term? 6 months? 12 months? 24 months?

At the moment the daytraders are having their fun making and losing their 5% but for those of you in it for the long haul, don't be fussed by the downrampers. Do your research and make your own minds up. The company is and has always been happy to talk to shareholders, so don't be shy to call them.

One final point of note is that the company is very mindful of the amount of shares on issue and how it can turn away potential investors. So don't be surprised if soon after the rights issue shares come into the market, that there may be some form of consolidation.

Good luck with your choices.