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by the fact that the share price shot up 1 day before this announcement of good news.
Insider trading surely?
There were other reasons already covered in threads.
Also, from Fool.co.uk
G A Chester: Trans-Siberian Gold
Trans-Siberian Gold (LSE: TSG) is a small but profitable miner with ambitions of becoming a premier mid-tier operator. Its strategy is to maintain a strong balance sheet, while both investing in growth opportunities and paying a base level of sustainable dividends through the commodities cycle.
The base level’s set at around $3m a year (a 2.5% yield at the current share price), but the company regularly distributes more. This year’s interim dividend alone was $7m (5.9% yield).
With its growth prospects and record of distributing surplus cash to shareholders, Trans-Siberian Gold is my top pick in the smaller companies space.
By all means let the Fool take the credit for the share price surge.
However, I've been invested in this stock long enough to know that the instinctive response of the share price to any number of recommendations is an big fat MEH!
Not yesterday though it seems...?
I was wondering if the GDXJ or similar fund has increased its stake in TSG, as the 10% rise seems to be the morning after the GDXJ news that sent GGP and PUR up as they both got increased. Its not easy to check though.
TSG does not appear to be a GDXJ constituent:-
https://www.barchart.com/etfs-funds/quotes/GDXJ/constituents
The index re-shuffle was confirmed last Friday & TSG was not amongst those to be added. It may well, however, be included in other indices that I'm not aware of.
Dartron,
TSG do appear in the latest GDXJ list. Therefore the answer is no. Perhaps with a growing profile and market cap (hopefully), they could be considered for the fund next year? https://economicalpha.blog/2020/12/11/gdxj-mvis-rebalance-q4-2020/
Thankyou to both of the B's for the info on the GDXJ constituents. I didn't think of using good old Barchart.
I was eluding to it being difficult if a particular share has been re-balanced, as it is hard to see the before and after weighting.
I guess I just need to save a copy of the Economic Alpha graphics, and I will have a reference for Q1 2021.
Problem solved.
ps, reminds me of a Simpsons episode when Homer reads out a large list of baseball players and after each one says 'your cut'.