This guy Adamsrups on LSE in the UK seems to have a handle on Magna and the way Ron has played it.
Anyone else have a view on Magnas likely positioning or are we all to busy discussing Oppos yawn!!
OK I sat watching for & months. First I watched the video of Ron, how exciting this is, AND most importantly that magna had agreed and signed the deal bhecause they wanted 15% interest in cambay, yes the initial money 10% and option for a further 5 % of interest in cambay, yes just Cambay no shares in oilex. well I now personally think that either magna knew or forced a spanner in that they would get the unwinding and rather that have an interest in cambay they got 10% of oilex instead at 3.25p. Well I think altho Ron had Darwin drawer down he didn't want magna to be over powerful so set out to place ( dilute ) A FURTHER 20% AT 3.85P KNOWING THAT NOW MAGNA WOULD GET % OF THE LARGER SCALE RATHER THAN THE SMALLER GIVING THEM BIGGER % HOLDING AND DANGEROUS KNOWING THEY HAD THE SPARE CASH TO BUY IN OILEX RATHER THAN THEIR EXPIRED OPTION IN CAMBAY. oops uppercased, but not retracing. Then again it is my belief that Ron may have seen or been advised what magna may be up to by taking huge stance, so not being able to A/ manipulate the share price so that those true investors can take their 8.25p options was aware of the fact that magna were getting close and didn't want (squeezed) above 8.25p. that's extra shares to buy and a higher price. Ron then drew Darwin that im sure we didn't need, but maybe there was a little convo (it happens n Darwin would be happy) that we need someone to have shares we don't need money but assure once you have the shares its big profit for you. Well that's the theory and if its True Ron I apologise for ever doubting you. well whatever it was its gonna double now or triple whatever.
OEX Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
