OTCPK:HCGI - Post by User
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JRaffleson Apr 22, 2017 1:10pm
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Post# 26152844
KL comment by Sprott on Sprott Weekly News
KL comment by Sprott on Sprott Weekly Newshttps://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?