No Trading Bank would take shares as security at that day's market price.
More likely they will take the 30 day vwap, discount it by 30-50% to cover themselves so that they can guarantee NC that they won't call up the loan.
(NOTE: most margin lenders (except cfd providers) would only lend say 40-50% on LYC, CS would be no different when determining value/risk).
NC then has a $2-3m Line of Credit to use as he sees fit...Note that the announcement states that UP TO 10m shares will be used.
- Forums
- ASX - By Stock
- nic curtis takes out loan with lyc shares as c
No Trading Bank would take shares as security at that day's...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5820 | $6.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 15020 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3787 | 6.920 |
1 | 6972 | 6.890 |
3 | 27603 | 6.880 |
2 | 18496 | 6.870 |
1 | 11761 | 6.860 |
Price($) | Vol. | No. |
---|---|---|
6.930 | 15020 | 3 |
6.940 | 11861 | 2 |
6.950 | 12761 | 2 |
6.960 | 11940 | 2 |
6.970 | 599 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online