Hey Popeye,Its option 3.GlobalX hold GGG according to what...

Hey Popeye,
Its option 3.
GlobalX hold GGG according to what Solactive holds in their index.
Solactives Index reduced GGG holdings. So GlobalX has to sell regardless of any fundementals. Is just policy to follow..
ReasonFor Solactive=Policy. GGG is no longer a uranium play and no longer met their free form cap raising ruling. Which only applies on floating in Australia so it means nothing. No fundemental consideration. No one "knows anything". Basically means  large shareholders have been buying the company up and thats a good thing. Just not under Solactives policy (maybe due to US take over rules threat. Which dont apply in Australia. Much harder, almost impossible, so its stupid really)
Bad luck for GGG but good luck if you want a great buying opportunity now the damage is all over after many months of it.