OTCPK:HCGI - Post Discussion
Post by
JRaffles on Apr 22, 2017 1:10pm
KL comment by Sprott on Sprott Weekly News
https://www.sprottmoney.com/Blog/april-21-2017-weekly-wrap-up-with-eric-sprott.html
Sprott gave a clear explanation regarding KL and the GDXJ:-
- The GDXJ index previously had $2.2b as a max cap company to be included in the Index.
- In future the max cap will be $3.5b and this results in KL's exposure being reduced.
- Sprott says that KL's representation in the index will be reduced from circa 4% to circa 2% and this has placed market pressure on the shares.
- Sprott also adds that there is a demand for small cap miners and the index is the vehicle used by many investors.
- At the time of Sprott's above interview, he was in Australia ......... what it the chance that he is updating himself with the Fosterville phoenix prospects?
Be the first to comment on this post