DCN 0.00% 28.5¢ dacian gold limited

3 1/2 Weeks to Go, page-14

  1. 4,315 Posts.
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    Yes eshmun, I think it'd be about US$25M flow on current numbers. Pretty close to 10M shares.

    Important to remember that it can only get added if it satisfies the liquidity requirements of US$1M per day (usually needs to average this over a quarter or two).

    On current trajectory I think realistic that it could get added in September quarter but June might be possible.

    The GDXJ has had some problems in the past adding companies with tight registers. They are kind of constrained because their own rules force them to buy all at once (although they try to create liquidity in advance of the rebalance date). What tends to happen is that share prices start to overshoot going into the rebalance. I discussed what happened when WGX was added in the post below.

    https://hotcopper.com.au/posts/24440658/single
 
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