EGM tomorrow, page-5

So I guess what we can take from the meeting was Magna is a bit ticked off with OEX management and the resulting dilution to their holding that placement is going to mean for them. Nobody likes dilution but if we look at the positives this gives them the needed to money to progress Cambay. The alternative would of being going into administration. Although it is perplexing that the capital raising was at 4.1 cents and now the current share price of 3.6 cents. Maybe the market is remaining cautious before getting too excited only to be disappointed again. IMO while it is all too late for option holders by the time OEX are ready to release results the share price could be much higher than it is today.