These are FORCED SALES - don't kid yourself that PDN is only...

These are FORCED SALES - don't kid yourself that PDN is only worth 50 cents - it is $1 at least and that is allowing for current spot price of $35.

I found out that a major Margin Lender has decided to terminate all Margin Lending on PDN and go from LVR of 35% to 0% for all customers for all holdings of this stock. These sales are now forced sales and margin calls.

To change an LVR from 35% to 0% with no notice to customers is great. This is worse than anything that the company has done. Of course, you will say to me "what are you doing borrowing to invest in high risk PDN?", but I am certain that many people have and will be affected by this decision. They may not even be aware of it.

Once all of these margin calls have been cleared out, I expect a bounce back up in the share price. I am wondering whether I should report this lender to ASIC as this is clearly a situation where people in the know can buy and make excess profits.