We don't know whether Magna is buying or not . If they are they...

We don't know whether Magna is buying or not .

If they are they must be ecstatic about all these shares that people are giving them at 5.5c and there must be a good chance that the underwriters shares will end up in their hands if nobody else wants them badly enough .

I ascribe decent value to 100% interest in the Canning acreage once native title goes through so do not consider Oilex a one trick pony . What gets me is this .

Why don't Oilex reduce their interest in Cambay by farming out ( possibly to to Magna) on a project level rather than dilute the whole company ? This would reduce the costs going forwards too .