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westpac margin lending is a joke!!!!

  1. galloper

    1,380 posts.
    Allocate a LSR of 35% to Bendigo Mining (BDG) which is yet to produce 1 oz of gold is currently trading at a loss and has a market cap of $256M.

    Allocate a LSR of 0% to Placer Dome (PDG) which is the 5th biggest Gold miner in the world, produces 3.5M oz's of Gold annually, and has a market cap of $7 Billion!

    Aurion Gold which was teken over by Placer Dome were allocated a LSR of 55%.

    Try to make sense of the above as I can't!

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