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Sander51

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21/02/19

12:40

Post #: 37515087
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Originally posted by nro ↑

Originally posted by Sander51
nro - I think you're confusing the issue; GGG were never a strictly uranium play (by-product) and the reason Global X have offloaded, was for the very reason GML stated in their announcement (which I posted).

Anyway, it's done and dusted and won't affect us going forward!
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Sanders the exerpt you posted is from mid last year. A lot has happened since that time. Its not relevant to the intentions of sales unfolding now.
GlobalX are not swapping to follow another index again or dropping furher to meet Solactive anymore.
They have already sold down to their correct % holdings to do this many months ago and stopped.
Its now about the Solactive Index they are now following removing GGG entirely from their holdings (for the reason Ive detailed above) GlobalX have spotted it in Solactives Januarys rebalance. So GlobalX are following suit so to mimic the index.
So the current shift in Global Xs holdings is not the same as when they swapped to apportion to a new index.
What truly matters though is the tiny parcel that remains and that the selling of roughly 100 million is basically over.

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nro - I don't want to get into a debate over this, I just think you're reading too much into it after that initial event - the number of shares they hold now, is not worth bothering about and we should be more interested in what our current Top 20 holders are doing.
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GGG Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
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predicted share price, page-61

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