A quick check today of the Macquarie Prime list of approved securities reveals that they no longer accept MIG as collateral security.
The last time I checked on 18 May 2016 Macquarie were prepared to lend up to 30% of the value of MIG shares.
Although the period in suspension did not help, the recent sell off was probably attributable in part to calls on open position at the time MIG came off the approved list.
https://www.macquarie.com.au/emgonline/portal/web/guest/marginrates
A quick check today of the Macquarie Prime list of approved...
Add to My Watchlist
What is My Watchlist?