Magna, page-28

I think magna are obliged to report all significant changes in holdings including options
So if they purchased options now they would just reveal their hand
purchasing now would indicate that they are prepared to pay 17c for the heads and this would rapidly become the support level
Would they want to do this when visible options on offer are so limited= I doubt it
Think they are more likely to accumalate until they have 20% and then do 3 heavy days of buying before they are forced to disclose and react
They have the same dilemma as everyone else -buy cheaply now or pay more when it is derisked or even(heaven forbid) not to buy at all later on
One thing is for sure when the flow rates come Magna will be way ahead of the market in interpretting them
and will already have a valuation on the company for all initial flow rates from say 1000 to 9000
They may well receive information faster than the average shareholder as well