This gives Imperial the capability of rapid expansion by acquisition as well as organic growth.
Turnover for the six months was £0.4 million (2005: £0)
Losses for the six months were in line with expectations at £3.9 million (2005: £1.9 million) being 9.69p per share (2005: 7.94p). Net assets at the period end were £181.9 m (2005: £18.9 million).
Exploration and appraisal expenditure for the six months was £18.1 million (2005: £8.6 million).
At the period end cash balances were £102.5 million (2005: £2.7million). There were no borrowings and nil gearing.
Taking into account the stage of Imperial's development, the Directors do not recommend the payment of any dividend.
Next eighteen months significant stage of company development
Significant infrastructure works planned
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