how to buy $2 for $1

As I posted on HC, see the following because its got me stuffed. Posted on it here the other day but noone seemed that interested....

...I think ?

Now I admit someone else raised this before and I've looked at this closely as well but maybe there is something I'm missing.

Right now IMP holds 44 million BMX shares plus 10% of a popular Asian internet portal that is cashflow positive and b*gger all else. Very little cash or debt etc etc.

At todays close for BMX at 27.5c the BMX holding alone is worth a shade over $12 million.

Yet with approx 1 billion shares on issue IMP at todays close is valued by the market at $6 million.

Is this a classic market mispricing or is there something I am missing.

And what if BMX does do its forecast 40c sooner rather than later ?

Worth a punt I think but my opinion only.

Cheers,

BMX has performed extremely well on the market for weeks and will probably(I think anyway) continue to inch up. As for IMP,I don't know.

Im sure a company is not soley judged for its assets.... there are many factors as I know u know AC... but ur right - if the market on a whole perceives a bargin then its definately worth a punt