Bullboard - Stock Discussion Forum Marathon Gold Corp T.MOZ

Metals & Mining Gold

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the... see more

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Marathon Gold Corp > GDXJ Addition

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Post by JamesLogan on Mar 24, 2021 10:41am

GDXJ Addition

Looks like they added 10,288,167 shares of Marathon Gold to their ETF.

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Comment by TeletranOne on Mar 24, 2021 5:20pm

At what price? Geez sounds like gdxj controls this stock

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Comment by theCurse on Mar 24, 2021 7:05pm

Late to the party T1, GDXJ directly controls no stock. The effects of being part of the GDXJ is significant some days. They (GDXJ ETF) bought 10M at the market and paid what the sellers agreed upon. 2.34 or something. there are probably other indices that mirror that fund - and probably bought into it prior to last week. tC

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Comment by TeletranOne on Mar 24, 2021 11:09pm

Overall what is the consensus with gdxj etf adding moz. At first everyone saw it as a positive. What's your take ?

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Comment by theCurse on Mar 25, 2021 12:04pm

It's added exposure and legitmacy. It's not a huge deal and you are at the mercy of rebalancing of the ETF from time to time. One would have thought those 10M shares were harder to come by but it obviously gave a few larger holders an chance to exit. Gold "should" be stronger than it has been but isn't - i can see a few funds a bit nervous about that and ...more

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Marathon Gold Corp