So running some numbers based upon the public disclosures to date:
GDX has reduced their NST holding from 3.77% (28/2) to 3.22% (16/3) = c.$75m in val = c.8.3m shares sold already, probably last week...
On the GDXJ deletion, they will be selling 47m shares worth $368.4m, to be done this week.
We've already seen some 37m shares trade in the past 3 days, so it would look like they're pretty much selling a set amount into the market each day, which is depressing our share price, hopefully it's all done by close of play on Friday and we'll be wechained from there.
NST Share price post merger, page-713
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Last
$15.90 |
Change
0.060(0.38%) |
Mkt cap ! $18.27B | |||
| Open | High | Low | Value | Volume |
| $15.79 | $15.98 | $15.62 | $41.11M | 2.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14299 | $15.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.92 | 628 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |