GREY:RNKLF - Post by User
Comment by
goldhunter11on Jun 17, 2019 10:43am
210 Views
Post# 29832040
RE:Inclusion in MVIS junior mining index
RE:Inclusion in MVIS junior mining indexIt's a good thing to be included in this MVIS index (great exposure) since some of the big index funds such as VanEck Vectors would try to replicate the MVIS listing. If these funds decide to get in the demand for RNX shares would be huge in the double digits of million shares. For example 9.9% OS would be ~55Ms. Even if, some funds showed some interest in getting several million shares in the open market, expect a major uptick in the SP.
There are some informative discussion on ceo.ca/rnx on this topic.
GH11
------------------------
petersburggray wrote: Unlike folk on this board, generally investors these days dont gamble on individual junior miners. But invest in a basket of juniors through an index fund so as to reduce risk.The MVIS junior gold mining index has $4.85bn is assetswith Australian gold miners such as Evolution, Northern Star, Regis, and Saracen making up between 5.99% to 3.01% of und in eash name. Westgold is 0.53% of fund assets. Not clear yeat what % of fund assets will get invested into RNX, however a 0.5% weighting, similar to westgold, would mean an additional $25mm of demand for RNX shares. I wouldnt want to be short right here and RNXlook to be up about 10% on this news already this morning.