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just saying
After that bad boy, I'm making a start on the Cascadel sale celebration parry playlist this weekend, opening with this ....
https://youtu.be/9cQlVww0zKo
Song suggestions welcome.
Boom, have a great weekend SOLGers... bet that lifted the spirits!
ATB, C
Looks like they are standing on some outcropping porphyry mineralisation in that video.
JV news with Lundin, Solaris et al will put some serious interest back into this stock especially if it provides a solid appraisal of surrounding blocks to Porvenir and Warintza at reduced Capex to SOLG.
Lundin /Solaris ,well am glad someone listens to me now and then gla ONWARDS AND UPWARDS SOLGERS
Tsx stock suspended pending news anyone ,?,no trades on there ATM
Mystique can you clarify what's happening on tsx please
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
Can't find any trades on tsx atm can anybody see any trades?
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?
could it be a shorter who knows something and who wanted out?
If you wanted out, paying nearly 35 p to buy your shares seems an odd way to go about it.
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 .
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.
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?
Do people actually know it was GDXJ, or is it merely a guess?
Addicknt I’m happy to be proven wrong but pure speculation not rooted in any evidence as far as I can tell. Mickb originally mistook SolGold for already being a constituent, which it is not.
Changes began back in April, when ETF.com reported that GDXJ had gotten too big for MVGDXJ. Essentially, the ETF had become so large that it had “giant stakes in its underlying holdings.” That was a problem for a number of reasons, one of which was that it was struggling to conform with IRS diversification requirements.
To fix that issue and others, VanEck allowed the ETF to take on holdings that were not constituents of MVGDXJ. Then, the firm announced that after June 16, “companies ranking between 60 percent and 98 percent (currently between 80 percent and 98 percent) of the full market capitalization [of the investable gold miner universe would] qualify for inclusion in the MVIS Global Junior Gold Miners Index.”
As The Globe and Mail recently explained, in layman’s terms that means after that point GDXJ will be able to buy gold stocks whose market caps range from $75 million to $2.9 billion; that’s up from the previous range of $75 million to $1.6 billion.
The catch is that to free up cash, the ETF will have to sell more than 50 percent of its shares in the smaller gold companies it currently holds. Unsurprisingly, that news has led to instability in the market — GDXJ shares took a steep fall after the rebalancing was announced, and since then companies held by the ETF have faced volatility
Z
Thanks for the source Zoros!
Do you know when updated holdings are released? https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj/holdings/ Is still as of 16th
Note as mentioned above, the sheer amount of buying on Friday would make us a top 25 holding in the GDXJ and that’s before they’ve sold down positions as mentioned in that article. Which surely seems unlikely?
Get ready to Grease that weasel sire!
What's GDKJ and Van Eck got to do with Solgold?
The UK listed constituents of that fund and there are only 4! All of which are producing or in advanced development.
Endeavour, Centamin, Hoc and Greatland gold.
Not sure if any of them have copper, but SOLG is seen more as a 'copper' investment even though the Gold and Silver resources blow most specific Gold miners away. I invested in SOLG based on Copper and the impending electrification of the globe and car industry. The big trade on Friday most likely the Norway Fund. Someone mentioned earlier in week they were at 3.97% up over 1.3% from last year. An increase of 50% in their SOLG holdings in last 6 months so some keen interest and urgency there for sure. All large shareholders in SOLG appear unchanged however blackrock appear to have dropped by 0.4% or that could be on loan.
There are many other small cap funds and ETF's around and Van Eck is just one.
Morning from Chardonnay...38 expected today (degrees not SOLG SP...)
However...after Friday could be an exciting day today...
Steady bargains at 33+ and then wham! 12 million at 35...
Shorter closing or someone who knows...?
We shall see soon, although no " we have received an approach that may lead to a bid...."
Yet...
GLA
Looking forward to another days solid rise as we make our way slowly up and over 40p in the coming weeks!!!
ONWARDS & UPWARDS
RK, how would a shorter be able to close a position at such a premium to the prevailing price?