Impax - Profitable Environmental Fund Manager

Hi guys. I've just "discovered" this little beauty, but have yet to take the plunge and invest my admittedly tiny sum. It all looks very promising, certainly the rise from mid-2005 has been quite spectacular(!), but I checked out the long-term chart and noticed we're nearing the top of a big u-shaped valley. I've read through some of the posts on the old thread (mostly glowing, and justifiably so) but I was wondering if anyone could comment on the likelihood of the chart reaching unprecedented highs, ie. greater than 28p. The only other similar fund I've looked at - which really does look like this one's doppleganger - is Merril Lynch (Black Rock) New Energy (MNE) and I've invested a bit there. I have a small loss there at the moment, but it seems to be on a nice general up-trend.

Anyone think of any reason why IPX might not be valued like MNE (in the 50-60p range)?

Apologies if I seem like a complete novice, but I am. I've been dabbling in this share thing for just over a year now and apart from a few lucky strikes, notably ALK, I've made myself a fair bit poorer. Still, I'm looking to get into promising longterm plays, and IPX seems deserving...

Comments?

Cheers folks