Cheers Nord,
that all makes sense regarding the rebalance, gold price etc. I will be holding WGX for the next 1-3 years dependent on the price action of gold not collapsing, so I am not overly worried about the SP movement, but I guess retail investors are less and less becoming buy and hold?
I readily agree that WGX is perhaps the most leveraged play on the ASX, relatively speaking (perhaps especially when compared to it's peers, say, anything above 100k p.a to perhaps 500k p.a (RRL comes to mind)). I will point out, that as a point of difference, WGX basically runs everything inhouse. This is I am pretty sure, unique on the ASX. I believe this gives WGX an interesting dynamic which the rest of the producers don't have (I guess time will tell how important it is).
I struggle to think of any producers that have done better since the lows of Sept/Oct in 2022. Though there are a plethora of explorers that have.
Dare I ask, when the next rebalance is? as... that could cause it's own issues for the share price if the GDX has to exit
(20min delay)