westpac margin lending is a joke!!!!, page-4

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    Jon1. Placer Dome $A share price is pretty much set by movements on the NYSE price of PDG and $A conversion. You would be able to offload PDG stock within a 2-3% range of US closing equivalent without too many problems.

    An average of +39K shares per day (A$750K) traded over the past month does not signify an illiquid stock!

    Carls; LSR stands for loan to security ratio; ie A LSR of 35% means that you can borrow 35% of the purchase/current price of a particular stock.

    In the case of Placer Dome stock, Westpac margin lending will not lend you a cracker!

    What a joke!!
 
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