The piquant aroma of cosy deals hangs high above the freshly-shot Opes Prime carcass.
As $1 billion worth of Opes stock was frozen by its bankers last Friday, a series of large lines of stock were "crossed'' through the market at large discounts and are believed to have gone to Tricom.
ANZ is the major lender to both Opes and Tricom. When Tricom got into trouble earlier this year and was forced to lay off its loan book, Opes took part of it .
And when Opes got into trouble last week, Tricom looked to salvage what it could from the mess. Had it not got its stock back it would have been frozen along with the other Opes clients.
Such would have been a hairy predicament for ANZ which faced losing not one but two of its major clients. Tricom yet hangs by a thread.
The crossings were of note. They included 20 million Babcock & Brown Wind, 10 million Everest Babcock, that much talked-about line of 10 million Hedley Leisure and Gaming units, 7 million Arrow Energy, 9 million Babcock Capital shares, 10 million Western Areas and a handful of smaller parcels of other company shares.
