Member Info for Everyonesawinner

We already knew on Friday

thats it the Mrs has a million in her ISA - thank you GGP and MMs

OK so its common knowledge now this fall is due to GDXJ rebalancing and changing their investment strategy forcing them to sell down so no fault of GGP or bad news etc etc. But one thing dawned on me didnt someone post that the likes of JPM borrow shares from ETFs which GDXJ is and now there will be significantly less shares to borrow now.

Knocky would SD just then revert to the term sheets he declares he has from a number of banks on his desk if this happened. Seeing as we would still own 30% of potentially the biggest Gold mine with at least a 1km length of mineralisation still open, i dont think bank finance would be an issue

But if there is a seller there must be a buyer , I wonder if JPM have just got a get out of jail card on the cheap for their 60 million short - 16th of June was the day GDXJ had to do this one off rebalance across the board so should be no surprise. BUT WHO HAS GOT THE SHARES?? Interesting to see on Bloomberg if its Newcrest or JPM, then the bounce back could begin from now. Good luck all

Nope they have sold across the board

Exactly make money on the way down and then buy it back at a discounted rate as they knew this was happening ASK is still 10.4

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

yep good call Dillon would of hated seeing the SP if we had sold more than bought today. CROOKED TO SAY THE LEAST.

BLIMEY I think my computer has thrown a wobbly we are actually BLUE and its not even Thirsty Thursday so the City slickers havent left early for the pub and knocked us down on the way out.

Simply Wall Street have increase to £2.82 per share :):):) God if only

How can they keep dropping the SP and get away with it - crooks

many thanks SAS

SAS - Im interested can you remember what is the SIPP cut off point on BT please

Far too cheap

Hi Zoros no DIS taken hahaha all the best. Now wouldnt it be nice if we did get to 40M oz and it did do what SWS reckon bots or not.

Hi Zoros for a 30% share of 12 million Oz I think your 25-30p could be a little undervalued unless my online calculator is wrong based on a AISC of $600 and $1850 Au oz. But I might be wrong

Tymers - Could they be calculating us as a 30M oz mine and 30% of that maybe which wouldnt be far off £2.77 for 4 Billion shares. They have been around the £1-1.50 mark for some time.

Roy I would trust them more than I trust you and your ramblings and if they think its worth £2.77 then Im happy with that and they are valuing GGP not just Havieron

If anyone needs a cheer up take a look on Simply Wall Street and the fair market value they have proposed to this Beauty. Only £2.77 per golden Ticket :) I will take that anyday thank you very much. Now cheer up you lot :)