OEX 20.0% 0.6¢ oilex ltd

Sales Contract, Commercial Pipes, page-7

  1. 1,409 Posts.
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    Bazza, it just amazes me who'd be stupid enough sell at this stage, besides the cappers.
    It's hard to imagine that the cappers are picking up very many new sellers at the moment with positive news flow and more to come.

    But they are being effective in holding the price down. So why, if they are not picking up many shares?
    Could it be that a party related to Magna is accumulating up to ~19%, and will then sell to Magna at the time that Magna announces a low ball t/o? That would give Magna a ~38% stake, but would it be enough to be a controlling interest to capture the company?

    It's starting to really pong
 
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