re: **** roosterman Sorry doc. Didn't see it.Their main claim to...

re: **** roosterman
Sorry doc. Didn't see it.

Their main claim to fame is Bemax. They also have an interest in a couple other areas.

- A foundation shareholder (13%) of Catcha.com, one of South East Asia’s largest and fastest growing media and entertainment groups. I believe they have positive cashflow now. They have been talking about listing for a while but are still privately owned.

- A foundation shareholder (42%) of Message Technologies, a company that has developed instant messaging software for use in a variety of communities. I can't imagine this adding too much value to Imperial.

- They also own some other mining interests but are still in exploration modes.

From what I know, neither of the above currently show the potential that Bemax show and I believe they are directing all their energy at Bemax in the short/medium term.

As mentioned in another post, Bemax have two announcements due this month, which could be the reason for the keen interest lately.

1/ A General Meeting for shareholder approval of the recent CRISTAL deal.

2/ The list of potential financiers and the funding structures.

Don't under-estimate the potential of BMX (and IMP). If they do get the funding required they will go into full operation January 2004 of mining one of the largest mineral sands deposits in the Murray Basin which they estimate could keep them going for 25 years. Study the document they presented the potential financiers and the credentials behind the company backing them. If the numbers in the document stack up then they could become a big time player or be swallowed up by a big time player (as attempted in the past). A win for shareholders in either case. The funding is the key and what current buyers are banking on at these prices.

Cheers