1. VanEck turbo charged the share price during the 2016 gold rally. Since then VanEck have completely restructured/rebalanced its GDXJ ETF. VanEck not only reduced their ownership of SLR they also commited to reducing their ownership of junior miners across the board. What that means is that when the gold price rallies again VanEck will not continue to keep buying as they did in the 2016 gold rally due to the new limits they set.
2. Since the gold price lost momentum investors have not filled the void yet that VanEck left when they reduced their holdings which has slowed the share price recovery. Many expected the share price of gold miners to rebound immediatly like a rubber band. This simply hasn't transpired.
3. It is down because the p/e ratio is reasonably high relative to its peers that have a larger annual production and a lower aisc.
4. Miners owned by ETF's are becoming less attractive as investors are now more weary of how ETF selling can have adverse effects on the liquidity and volatility of underlying securities.
1. VanEck turbo charged the share price during the 2016 gold...
Add SLR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.41 |
Change
-0.020(1.40%) |
Mkt cap ! $1.313B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.43 | $1.40 | $4.033M | 2.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 56277 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 11390 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.41 |
Change
-0.020 ( 1.36 %) |
||||
| Open | High | Low | Volume | ||
| $1.42 | $1.43 | $1.40 | 958941 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SLR (ASX) Chart |