Australia's largest stock trading and investment forum Australia's #1 stock forum

OZL

Click for more information

0.00%

$26.44 oz minerals limited

Ann: OZ Minerals and BHP enter into Scheme Implementation Deed, page-25

First 25 Last

Share
Profile

Follow
Gareth

3,221 Posts.

177

22/12/22

22:51

Post #: 65422987
Share

Originally posted by Surandy70: ↑

Oops! I just realised that this is going to impact my margin loan.

The borrowing value against my OZL shares will disappear if the deal gets up and I won't get the cash until a couple of weeks later meaning that based on my present circumstances I would get a margin call once OZL is taken off the approved borrowing list.

Expand

I've been in that situation before, the broker called me (or you should call them) and told me that I would fall into margin call when that happened but as long as I assigned the cash immediately to pay the margin loan it wouldn't be a problem.

Originally posted by Surandy70: ↑

Oops! I just realised that this is going to impact my margin loan.

The borrowing value against my OZL shares will disappear if the deal gets up and I won't get the cash until a couple of weeks later meaning that based on my present circumstances I would get a margin call once OZL is taken off the approved borrowing list.

Expand

OZL Price at posting: $27.80 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

FFM

Firefly positioned for copper growth in Canada ahead of resource update

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 22 more messages in this thread...

First 25 Last

Add OZL (ASX) to my watchlist