IMP imperial corporation limited

Examiner, I certainly did read the announcement I was refering...

  1. 3,603 Posts.
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    Examiner, I certainly did read the announcement I was refering to, did you??

    Out today, and clearly states that the major holder in question has Purchased 35.7 million shares over the last few months.

    There has been no 'huge' selling since the gas flow announcement, todays trading was in total less than 1 million shares worth around $16,000

    Also worth noting the stock was even for the majority of that trading, sold down on the close by a trade $1,666.

    Having said that it may drift lower on small volumes however I think the next round of drilling will encourage interest.

    Also I noted they are expecting better flow rates from the next 5 wells that come on line by the end of the month.

    I agree the margins are not huge, but I think it will give IMP positive cash flows.

    Dazzler
 
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