Ironically the great play ground for trading paper gold, the Chicago Mercantile Exchange, started accepting gold as good collateral in 2009 with a haircut of 15%. You can use real gold to get 20x leverage on paper gold at CME, go figure, as the Yanks would say. Well technically it's not really "you" it's the banksters that are allowed to play in the play ground.
https://www.cmegroup.com/trading/metals/files/cme-group-accepts-gold-as-collateral.pdf
Apart from who holds the WAF offtake your conversation hasn't enlightened us much. Was the posion pill a concept of your making or suggested to you by Richard?
Did you ask about the meaning of "subject to an agreed quotation period"?Esh
WAF valuation, page-126
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Last
$1.50 |
Change
0.005(0.33%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.54 | $1.45 | $13.66M | 9.140M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 72212 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 72760 | 6 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
