RE:RE:RE:RE:RE:Effect of being added to GDXJ??Icarusonfire wrote: allenbow wrote: Can your provide a link that says NVO was added to the GDXJ? I cannot find any such confirmation. Thanks!
Allen,
I would be reluctant to count on any rebalance of the GDXJ including NVO at this point in time. There is no news release by NVO or VanEck. There is no mention on CEO.ca, STOCKHOUSE, or seeking alpha. Normally something like this is picked up very quickly and is easy to find. In this case nothing but crickets as far as I can tell, using my limited searching skills.
Novo doesn't meet the full criteria for inclusion in the GDXJ, one of which is that it has to trade a minimum average of 1 million dollars worth of stock daily for the last three months. I assume that's in US dollars as it's represented by a $. Recently, Novo does not meet this requirement. (It did back in the heady days of the fall 2017)
I could be very wrong, but at this point I suspect that this is an internet rumor where someone somwhere was misquoted and then it took a life of it's own as people repeated it.
Icarus
It was in the Novo R update by Red cloud: https://www.redcloudks.com/rcks-talk/Novo-refines-exploration-approach-for-karratha Which is why we started talking about it, and Leo confirmed. Also sent an e mail to Van Eck, but they usually dont respond fast.