Don't blame them for reducing their holdings - probably just as...

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Sander51

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08/02/19

11:43

Post #: 37374857
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Originally posted by Zogeel ↑

Originally posted by Joebernini
Fellas, this morning ( 02/07/2919 , 7:15 AM PDT) I contacted Global X Uranium ETF to find out how many GML shares they are still holding as of today and they confirmed what "mogawaibob" said: 7 million shares. The interesting thing here is that when I called them about 2 months ago or so, their GML holdings were around 11 million shares, a substantial reduction in just 2 months specially way before their normal fund rebalancing which is in July of each year!!!!!!!!!! Why? don't know!

If you ask me, I attribute the fall in share price in the last several months directly to their action and not to some restless small retail investors impatience and risk tolerance. Unloading nearly 100 M shares has had a tremendous negative impact on the SP, IMO.

Despite Global X ETF's substantial reduction of GML position , I personally remain optimistic about my own holdings! To each his own!

in Uranium, REE, Aqua Sanitas, and Vino Veritas
Yes Joe, Global X holdings in GGG have declined (by roughly 50% since November), as they have for their other uranium holdings across the board, though by proportionately less.
So, it seems like strategic rather than company-specific reductions, caused perhaps by disenchantment with the sector.
It would be good to know more on this.
We should remember too that GGG's value is mostly in REEs.

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Don't blame them for reducing their holdings - probably just as frustrated with the slow progress on the Mining License application as the rest of us!
I would think they would be looking somewhere else for a better ROI for their clients - imo, they could possibly buy back in down the track, when things become more clearer on the project and the risk is reduced.
.

GGG Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
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Don't blame them for reducing their holdings - probably just as...

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