Member Info for badshah13

Have Artemis got their results yet. Just thinking that their samples were probably sent for analysis before GGP, so in practical terms they should get their results first.

Hey TMT,
I am happy to be corrected, as I said, I am not an expert and have done this for first time. However, I am not sure what is there to suggest they have bought them already?

For a moment, lets talk an example of sept - first entry of GGP to the index where we saw a massive rise as they purchased all in one go. Why would they do differently this time?

This also raises the question about the entry of PGM and BGL into the index and their sp reaction over last week. My question therefore is that, why would GDXJ change its strategy to purchase all shares of all companies in small chunks this time around - or was it the case otherwise in sept where GGP was a single shot?
I did not check the details in sept after purchase on Friday, so I cannot comment on how their reporting looked at that time.
I have however had another look at the spreadsheets and closing price on it matches the Friday closing price on its website (1283.05) and the index weight of all companies adds to 100%. So if they have already purchased and made changes to their holding on Friday, why would they not update their spreadsheet for Fridays close?

In my opinion, in sept they had an order to fill on Friday after close which was filled on Monday morning (dont trash me for my opinion - I am saying based on Mondays sp rise at open) but this time around they did not place an order on friday but will probably do it on open on Monday. Remember based on % and its current value, they still have around $40m worth of purchase to make it right (from 0.98% to 1.62%) . Do you think this was done during the week (and why different from sept) or on Friday during the day?

I am only trying to join the dots in my head.. we will know on Monday.
ATB

Hey Mickey, I still have my reservations on the PAT BB and I feel that is constant ramping out there. Again, I expressed my views and I don't have intentions to put anyone down. I have been following that BB now and then, but I refrain from posting my views as they sound negative and people don't like to hear them. I have also said, I will take a position there when I think the price is right.
GL mate.

Hi Guys, Thanks for supporting my post, I appreciate that. I would admit I am not an expert into all this and I cannot find the amount of share GDXJ currently hold on their spreadsheets. I was just going by the % numbers I saw and checked against the file for Mondays opening and that is clear from the 2 spreadsheets (0.98% to 1.62%). If they bought couple of million here and there does not matter in grand scheme on things as we are talking of 100's of million?

I was expecting someone else would be checking those facts and give their opinion on my interpretation. If my aim was to create a conspiracy theory, I would have not provided evidence of my findings - I find lot of assumptions being made on this BB.
However, I did notice an error in my post that PGM is 0.52% or 0.56% for Monday and not 0.7%.
We will know in next 40 hours if that information and my interpretation is correct or not and my post doesn't impact anyones decision making as the market is closed anyway between now and then...!

So be ready for fireworks on Monday - I hope it is 8 am and not at US open as I struggle to monitor whilst at work.
GLA

Loll.. I might be full of it but it is overflowing from your mouth on the public forum !
Learn to have a respectful conversation, but i realise that I might be difficult for a person with your personality..
Filtered..!

Napthman1 - can you please share source where is 134m to 136m come from? I did share the source and people are free to confirm themselves rather than being lazy to sit on their arse and rubbishing what someone post on this BB.

I thought I would share the info I found many members on this BB do that, which has benefitted me. If you think I am talking ****, you can ignore all what I say. I think some people here are sensible enough to confirm what I have said rather than believing or trashing someones opinion.

TomE, as i said, I am not sure what that open means - open on LSE or US open? However we can get early cues tomorrow night as one of the new additions to the index is BGL in Australian market and we can check the sp reaction on open in Australia.

I dont think they have added any and the % increase in the GGP weight is due to the increase and sp and changes to forex rate in the last 3 months. I can definately confirm they have not bought any since 11 dec as per the information on those spreadsheets on their website

I hope this helps

Apologies for the typos and grammer. I am not used to writing long stories and reading them back again :P

The link to GDXJ is https://www.mvis-indices.com/indices/hard-asset/mvis-global-junior-gold-miners

download the COMPONENTS zip file from 'Related documents' section on left side on the screen.

when you open excel files, you need to convert to meake it readable follwing the steps below,
1. select column A
2. Go to 'Data' on the menu bar and then click on 'Text to Columns'.
3. On the new box, select delimited and click next
4. on the next screen tick semicolon and untick rest of the boxes on delimiters tab
5. then click finish

This should convert the excel file into readable form

Hi All,
I was confused as all on this BB here on what happened yesterday at close. I had a look at the GDXJ website and downloaded the conponents (zip) file from website which I had also come across last Friday while downloading the excel file for quaterly changes.

I compare the two files with the closing files i.e. one for 11 Dec and 18 Dec and found that the information for the GGP is unchanged apart from the minor change to the Index weight of GGP from 0.93% on 11 Dec to 0.98% on 18 Dec (I think someone else also mentioed this 0.98% holding on yesterdays close and it was assumed that GDXJ has already started buying linking to that 20m share transaction on friday afternoon).

However, looking at the two files, I have worked out that the reason for the % changes from 0.93 to 0.98 is due to sp fluctuation from 0.31p to 0.34p (it states in the files). Therefore I conclude that GDXJ has not bought any further shares since last quater and the % rise from 0.66% to 0.98% is due to changes in sp as well as forex rate in the last 3 months - remember % value of GDXJ is based in USD.

To confirm this, I have checked another file which is for Opening on 21 Dec (it is part of the zip file). This excel file clearly states the increase in % of GGP on 21 DEC as 1.62% at the sp of 0.34p and same exchange rate. Further to confirm my assessment, I have checked the holding for PGM (Pure gold) which is meant to be new addition to the index and I can confirm that PGM iis not there on file with 18 Dec close but added as 0.7% on 21 Dec opening.

Based on the above information, I am concluding that GDXJ will be buying the shares on open at Monday. I am however not sure if this open mean LSE open at 8am or US market open. So guys be rest assured that GDXJ have not bought any shares so far and expect the fireworks on Monday.

Conparing GGP and PGM (or PUR on LSE) share prices, there is clear trend on both to go down on close towards close on friday - probably Brokers manipulating the sp to fill in large order on Monday at open.

Feel free to confirm the above yourself by downloading files from the GDXJ website. I hope this clears up all the assumption and lets enjoy the fireworks on Monday.. Hold tight.
GLA

Are you serious it was your buy..
Wowww 20m !!

Are we sure if it is meant to be at close today?
Also does the raise in % to 1.65% include the increase in value of their original holding?
I am sure it does account for that, having said that I think the sp was closer to they 27p purchase price

I have just check PGM on TSX share price and PUR (LSE) and both are 10% down. PGM was also new addition to the GDXJ, so this doesn't make sense unless they have already bought during the week

Wow.. 35p already.. means breaking 40p after close today..
Looking forward to 4:35pm

Added 2 more topups.. 600k in ISA and 450k in SIPP at 1.25..
Will not touch this for atleast a year now

https://www.proactiveinvestors.co.uk/LON:EQT/EQTEC-PLC/rns/906233

Finally...

My guess is 38p and spiking close to 40p on Mondays roller coaster.

I am expecting 38p close tomorrow if the price is trading around 34p. Let's see if everyone can hold tight tomorrow and we may see 40p close or open on Monday morning

I would love a tree shake for a little topup ;) I missed it last week..

I managed to watch the presentation last night and it looks very exciting long term. I will aim to add more in Q1 but as we are not expecting anyway further updates until then, sp might drift further. So far 50% on my investment but I am hoping to average down and multibag in next couple of year..
Risk is very low but patience is require.
GLA