OEX 20.0% 0.6¢ oilex ltd

Who has bought 20% of oilex in the last. 2 days, page-2

  1. 421 Posts.
    Yes very interesting. If we assume it is the one buyer and I think we all know who and what I am alluding to.
    At what point do they need to inform the market - upon settlement or do they have more grace ?

    If Magna need 90% for an aggressive T/O it is currently cheaper for them to buy on market and accumulate now. With a larger holding it also means they need less shares and holders in agreeance to hit the 90%.
    Also means it should be that much sweeter for those of us who "keep the faith" when the doorbell rings.
 
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