GGG 8.24% 7.8¢ greenland minerals limited

predicted share price, page-72

  1. 116 Posts.
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    Straight from the horses mouth.

    Reason for the block tradeGlobal X is an index fund that has been weighted to the Solactive Global Uranium Total Return Index.Earlier this year Solactive announced that as at 31 July 2018 the Global Uranium Total Return Index would be replaced with the Global Uranium & Nuclear Components Total Return Index.The new index will significantly reduce weighting on uranium mining and development companies and will instead include companies operating in the broader nuclear fuel cycle and technologies industry. Dr John Mair, managing director for GMEL, commented: "Global X’s recent underlying index changes had created a significant market overhang for GMEL.

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    Solaractive divested form GGG because their new index will include companies operating in the broader nuclear fuel cycle and tech industries and they have significantly reduced their weighting on Uranium development companies such as GGG. Nothing to do with personal opinions about how the market no longer classifies GGG as a Uranium play. 

 
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Currently unlisted public company.

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