RE:Should miners avoid the GDXJ investor?We will be laughing in mid October. This "plunge" was orchestrated. I would not be surprised if Tony even bought more. I still don't see the filings on SEDAR that bring the count of share repurchases to 1.6 M...only the 199,900 three blocks are visible. This is a gift from the sky for all to jump on the opportunity. I hope we can close over $ 18.50. Friday 4 PM this GDXJ saga is over for good. What would be IDEAL is that NEXT WEEK, GDX Fund Management buys en masse to grow the GDX stake which only counts a few million shares. Then the stock will rise back over $ 20 USD easily to $ 21 USD if GDX now buys up 9-10 M shares. GDXJ can't swap shares with GDX thus they must sell the entire 13.8 M stake on the open market. JIN
JRafflesUK wrote: I have now had two experiences with the GDXJ's "rebalancing" - first with KDX last year and now with KL.
Having learned from this experience, I added more KL today, following the seemingly panic disposals by the GDXJ in recent days.
As commented by others, today's PR re Fosterville, gives additional credence to grade prospect being encountered at the Swan zone.
Whilst the productions numbers are expected to give stellar geades in +/- 15 days time, it seems likely that the financials that follow in November could show FV cash costs close to $200, depending on the mix with order FV workings.
Therefore, the combined grade / cash cost benefits in Q3, may make thetransitory fall in the POG to be a secondary consideration.