News: Oilex climbs as resources upgrade brings production nearer, page-5

Agreed.

But breaching 15c by 15/9 would surely be in the interests of RM, the Board and key staff/executive, who have a substantial grub-steak in options bonuses accumulated over the years etc

Plus, I'd think that Magna would strategically be fairly loaded with tails to convert to heads to maintain their position. Those additional tales that would push them above 20% could be sold off at a good profit to support/reduce their overall cost structure.

As you say, those who would benefit least (be diluted) are the 100% head holders and LSE'ers. I'm sure Mandurah would agree with me on this (how you going big boy?).

???? Your thoughts.