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Claude Res Inc CLGRF

Metals & Mining Gold
"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."


GREY:CLGRF - Post by User

Claude Res Inc
Bullboard Posts
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Comment by Bottleson Mar 28, 2012 6:27am
268 Views
Post# 19726294

RE: RE: RE: UPDATED PRESENTATION

RE: RE: RE: UPDATED PRESENTATION

"CRJ was one of the components of one of the TSX indexes.   As such there are Mutual Funds, ETNs and ETFs that try to mimic the movements of those indexes and therefore they have to buy shares in all of the companies that belong to those indexes.  So when CRJ was dropped from that index the Companies/Funds are now holding shares, that do not reflect the Index, so they have to sell them."

 

The reason why CRJ was dropped is because its market capitalization fell below $300M.  

Bullboard Posts
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