I noticed that on 21st December ANZ margin lending added LRL to their list of stock approved for margin lending (@30% LVR). I find this interesting because ANZ don't seem to approve stocks for margin lending based on any defined criteria. (For example, there are several mining stocks that are in production and making good money that don't make their list). Instead I suspect it may be often be linked to satisfying requests from their larger clients.
Anyway, low and behold, a few days later the price moves up substantially.
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lrl approved for margin lending
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