Even if investors who got a good deal sell at 20c the buyers at that level must view that OEX has the potential to go higher. I wonder if Magna's desire to acquire more have anything to do with the projected forecast of oil and gas prices to explode in the coming years. Events in Ukraine and now Iraq are creating a lot of uncertainty in this field however there is an opportunity here to make a lot of money if this causes oil/gas to rise in price. Just trying to crystal ball what Magna's ultimate game plan is and as RM has said in previous interviews if the price is right he is open to getting a good price for everyone involved.
I agree with Mak that the oppies are an absolute steel at the moment even up to the 2 cent range their is a potential IMO to double your money in the short-term and hanging onto some until 2015 may even pay off at a greater degree.
OEX Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held