I spoke to a broker this morning and he believe that tricom was lending to margin lenders on Redstone but only on a figure of he believed was about 20 to 25%.
He also believed that a Macquarie margin lending group was giving about the same figure.
But this has all stopped due to what has happened in the market since August last year and January this year as well.
Maybe this would account for the fall from grace of redstone ??
Can anyone confirm this???
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