ITC impress energy limited

river is deep and wide

  1. 559 Posts.
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    Good day to all ITC share holders. Well its been a while.
    My update is , I crossed the ditch to NZ from Qld. Took a long time in a slow but safe yacht. Thats what ITC is at present.A safe ship but with no apparent progress likely for a few months. Floating along with head winds as we had but the water is not as deep in the Cooper as in the Tasman Sea. Tasman is 3300 metres in places. The Cooper sure has a lot of water when you look at google earth etc. As for what is the current value of Impress shares etc. What is a bargain ? Well unless Eddie Smith, John Gillion, RBS Morgan Clients and many others including Persal Co. are morons and completely stupid then 5 cents is a good guide as to the current value. The current value could be said by some others to be zero. No income for 2 or 3 months. Directors and investors are placing more capital into the company.Expenditure has been restricted to the minimum.
    I have about 4 million reasons to think Impress which is basically on care and maintainence is a very good company run by very astute directors who have put there money and lifestyles on the future of Impress Energy. Impress would have to be one of the unlucky few companies of the ASX that have been affected by " Acts of God" we could sue god??? and a few other incidents of the pass such as the 3d proccessing that could have been better processed by others last year. The Top share holders accumulate and now hold a greater percentage of the total shares. Traders and others who have bills to pay sell. My last purchase was 170,000 at 4.8 cents. Good luck to all who have a investment in a great little company run by a few very honest up front directors and staff. 247247
 
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