The following is a clear example of Margin Lending on Shares which are not in the A.S.X. 300 Index:-
/'Gold and base metal explorer Ord River Resources Limited said it has received a notice from Mandolin Pty Limited relating to its margin lending arrangement with Opes Prime. Mandolin, a company associated with John and Jeremy Towner, has a current facility balance of approximately $640,000 secured over a potion of its ordinary shares in Ord River Resources.
Mandolin said it was in a position to repay the current loan facility and in light of Opes Prime's recent woes, it was seeking legal advise in regards of the loan.//End Quote
P.S. I have not been Posting 'Rubbish' as You suggested in Your previos Posting.
No responsibility taken for any losses in association with this Posting.
Regards,
moly
THR Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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