Ahhhh I see, yea that makes much more sense lol. Would’ve been a pretty large risk wager to make it their second largest holding haha.
as long as you’re gaining! just repeat the process.
I bought shares at 6p, checking daily to see if it dips.
What figure do people think it could rise to?
£1 - based on absolutely nothing but my gut feeling haha
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hello everyone. i would be interested to see what people think we could be looking at long term? i don’t know enough about the process to talk about sp over the next 2-3 years but if anybody with the capability to give us some insight into best and worse case scenarios I would be very much obliged
It’s looks like the GDXJ will purchase $44m shares Friday not $29m. Just gets even better ! 
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Great news but source? Are you going off the LSE post?
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I think definitely off of the LSE post…
Something to do with MVIS miscalculating the free float of shares by about 1 billion.
From what I understand, they allocated GGP 0.44% of the GDXJ ETF based on there being 2390m shares in circulation, but there is in fact ~3300m. Therefore the allocation should be 0.65%, which in theory means $44m of shares being purchases on Monday rather than the planned $29m.
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Forgive my ignorance but how does this increase the amount they buy? Is the 0.44 not the percentage of their fund they will spend regardless of SP on Friday?
I’m assuming that they’d agreed to purchase a fixed % of shares in circulation, of which the value ended up equating to a 0.44% allocation of the ETF, but with the increase number of shares in circulation, that same proportion is 0.65%?
I could be wrong though.
Will the GDXJ fund’s buying of shares on Friday immediately increase the share price?
I’ve never really looked into how funds buying a huge portion of a companies shares impacts the share price directly.
Thanks, that would make sense if they worked out how many shares they were going to buy based off of an incorrect free float. I guess somebody is getting a stern telling off right now!
I’m pretty sure some (not all) of this weeks rise is people buying in before that happens. It’s also gone up due to the mining license being granted and the news that they still haven’t found the bottom yet.
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They mistakenly took the likes of Hargreaves as an institutional investor and deducted this from the free float, meaning our free-float market cap is lower than it should be. A complete shambles from an index which is tracked with $6.5 billion of funds.
So the buy on friday/monday should be around 0.65% of $6.5 billion (not 0.44%). However, it is unclear whether they will rectify this by Friday or wait until the next rebalance in November.
Some of this rise is front running the GDXJ, but it also looks like big institutions have started buying following the drilling results last thursday which all but confirmed that Havieron is suitable for block caving. Then there is excitement for some drilling results from Scally which could be released any time in the next couple of weeks or so. I would not be surprised if they are dropped early next week.
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Why is FT showing a closing price of 24.6p compared to 25p from Google & Yahoo Finance? 
it’s the difference in GGP being a 100% gain for me
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It’s so frustrating how they can’t get the correct closing price so I can’t see my % gain. Grrr
This has been an issue for a long time now.
Here ya go add 6%
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Weirdly the app for me says the price shown is the price as of 14:39
The spread closed at 24.60 sell so its showing correctly if its in reference to current holdings. The buy was 25.
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That would be correct if it was based on what you could sell at. But freetrade mirrors YF and google by showing the latest trade (which would have been a buy) at 25p.
It’s minor in the grand scheme of things but would be nice if it was correct!
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Itll be 26p tomorrow and 30p next week. Stop worrying and grab a glass 
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