Macquarie is a bit puzzling IMO on Lithium stocks. Their margin rates on the Macquarie Prime platform for ORE is 35%, GMM is 55% and GXY is 100%. Means that say $10,000 of GXY stock will cost you $10,000 but $10,000 of ORE will cost you $3,500 the other $6,500 is provided by MQ Prime by way of a margin loan. They provide significant leverage on ORE and GMM but nil for GXY???
Be interesting to see how they assess GXY after the merge. They seem to be out of step with everyone else.
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Macquarie is a bit puzzling IMO on Lithium stocks. Their margin...
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