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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Comment by VOKBLVRon Apr 19, 2017 9:09pm
430 Views
Post# 26140485

RE:PVG Being Added to GDXJ - Interesting...

RE:PVG Being Added to GDXJ - Interesting...When PVG was added to GDXJ (run by Van Eck) i had a little difficulty in separating Van Eck 's holdings as opposed to Van Eck's holdings as Van Eck rather than in the index ETF.
The more I look it appears that Van Ecks position of about 18 million shares is one and the same as the ETF holding. This holding makes Van Eck  an  insider and I do not feel comfortable with a supposedly reactive  shareholder having  a position large enough to inflict substantial damage to the share price should they decide to liquidate. It is good to seee that PVG only represents about 2% of GDXJ but  should PVG double this would increase PVG's value in the ETF close to 5% of the fund value (provided no other stock moves ) This would cause problems for Van Eck as they would have to sell some or all to balaance the fund but to me it would be difficult to bring myself to jump off a speeding train that is going my way. Perhaps the answer would be to transfer the stars of GDXJ to GDX- but thart then causes problems for GDXJ. I do not envy the ETF managers but am glad I am in the underlying security rather than the ETF.
Bullboard Posts