why, page-6

There are a couple of things to think about given the circumstances and more so the recommendation from WBC to not exercise the rights issue. Just keep in mind that banks at times also have their own 'selfish' reasonings behind not wanting such a deal to go through - Financial institutions also have buying/selling power so they can influence markets with the slightest negative sentiment. You must keep in perspective their possible market deterant 'play' so to speak and when they say 'do not exercise' they may actually mean that MGX is a solid buy. Anyway each to their own as to how they read it. Also the opportunity for the purchase of such an amount of shares in market would be technically impossible and overtime would not make sense to the Chinese as the price would at a median level end up higher than 60c anyway. They may pay a premium if the medium to long term suits them - If they feel that demand will continue and they will benefit more so in the long term 60c may be cheap. Anyway what this decision will do is provide some definite guidance as to where not only MGX is in the bigger picture but also where commodities/resources are in general. I and partners in crime alike are watching closely and this decision may be one of the biggest in recent times; of course not bigger than the BHP/RIO deal - LOL.

Time to buy!