MML 2.41% 85.0¢ medusa mining limited

MML Being Relisted In GDXJ

  1. 812 Posts.
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    Can someone please confirm for me the likelihood of MML being relisted in GDXJ in the next quarterly rebalancing (I think it's June)?

    At current FX rates it's my understanding that MML need to be priced at above $0.94 (ie giving it a market cap of US$150m).

    I'm also assuming that it will continue to be traded heavily in the coming months with the renewed interest in gold to help to achieve the average daily volume required (US$1m).

    And I'm keen to better understand the affect on being relisted in GDXJ on a gold mines share price?

    I suspect it would have been awhile since a gold miners were being pushed into GDXJ (they've mostly been dropped from the index over the last 5 years), but does anyone have any experience with how that process plays out?
 
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Currently unlisted public company.

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