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Do people actually know it was GDXJ, or is it merely a guess?
Thanks Pbow
Thankfully the protests are largely over increased fuel prices (cost of living in general) and not mining related issues …… roll on the news
Jerry, so are you saying the GDXJ no longer tracks the MVIS global junior gold miner index? VanEck run the GDXJ fund. They’re not the same people who are responsible for the index it tracks no?
Doubt it will impact much but the president of Ecuador has declared a state of emergency in 3 provincies (including imbabura which is where Casabel is), Its because of a national strike by indigenous groups.
I am told that the people who run gdxj were told that their index was too narrow and needed to have many more companies in it so as not to affect their sp too much. So they widened the criteria and many new stocks were added on the close. To create the funds pretty much all original constituents were sold on the close too.
The full article reveals more.
"The country is also set to sign a memorandum of understanding with Barrick Gold (TSX: ABX; NYSE: GOLD) to explore more areas, Vera said. “Only 10% of the entire area of the country has been explored. So, there’s a lot of geological potential,” he added. "
Wonder which region south or north Barrick are going after??
Ecuador hot to trot.
StukeyBlue ,yes found that one trade on another site this morning,I base my target on proven up resources /asset value before mining this continues to increase daily other factors my determine whether this however turns out which I think we may see soon imho .
“President Guillermo Lasso’s government has advocated for the growth of mining projects ever since it took power just over one year ago. While the country currently has two producing mines (EcuaCorriente’s $1.4 billion Mirador copper mine and Lundin Gold’s (TSX: LUG; US-OTC: LUGDF) $700 million Fruta del Norte operation), it aims to push five more into production in the next three years”
https://www.mining.com/pdac-2022-ecuador-hopes-to-churn-its-mining-wheel-despite-opposition/
If you wanted out, paying nearly 35 p to buy your shares seems an odd way to go about it.
could it be a shorter who knows something and who wanted out?
Bubble, my tax says one buy on opening at 2.30 of 1500. That’s it.
On another subject what. Inflation are you applying to your long held view of £1 .32?
DBW, not a clue. Very interesting.
Can't find any trades on tsx atm can anybody see any trades?
What a wonderful end to the week just as predicted… sorry tiny ray what was that this was dropping below 30p or something??? Can’t seem to find it now lolzz. Harmless fool who has no clue speak to you all Monday ONWARDS AND UPWARDS
Mystique can you clarify what's happening on tsx please
Tsx stock suspended pending news anyone ,?,no trades on there ATM
Wel Dougal, when it opened it was close and when it closed it was far away.
Have this opening at 34p closing at 35p and down 1.57%
Any thoughts on that Ted?
Lundin /Solaris ,well am glad someone listens to me now and then gla ONWARDS AND UPWARDS SOLGERS
Getting interesting Add
Thoughts Ray ?
According to the Stock Exchange web site there were also nearly 500k shares bought at 35.58.
What a very strange end to an otherwise disappointing day.
Another 4m Late
Most mm’s were asking 36 at the end
Strange price if it is
saw Someone on Advfn claiming this is a normal rebalancing. anyone who understands those things?
A ~£4m (~$5m) holding would be ~1% of the fund and immediately into the top 25 holdings (98 total according to that doc)