ADY
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0.00% 1.1¢ admiralty resources nl.

Following from SMH "Opes's modus operandi was to lend money to a...

  1. Troubleshooter
    452 Posts.
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    28/03/08
    22:13
    Post #: 3519764
    Following from SMH

    "Opes's modus operandi was to lend money to a client, secured by the client's stock, then give that stock to their bankers as security for another loan at a cheaper rate - thereby clipping the ticket on the loan differential. There were stock lending fees too."

    http://business.smh.com.au/opes-goes-subprime/20080328-223z.html
    ADY Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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