"Chillam, if you believe that OEX is a $1++ share on good flow rates then you would think it would be in Magnas best interest to wait until the flow rates come out then launch a take over straight after, since OEX might be around 40c on good results, still cheap for Magna on no risk..."
#Think it through logically-WHY WOULD MAGNA EVEN CONSIDER A T/O OFFER NOW
If flow rates are good in 2 weeks time when the offer is still on the table we would just turn them down
If they are less than expected we accept the offer and they are obliged to purchase a lemon
The follow on to this is the talk of Magna manipulating prices is arrant nonsense.
They will not be showing their hand until after flowrates
At 50c and good flow rates i would be tempted to cash in a million oppies Not a great business decision on myb part but boy would it be nice to have some shilling in the piggy bank for a change
OEX Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held