DCN MC has overtaken SVL. Everything else being equal, re-ranking (just by simply swapping the contribution/weighting only) in the GDXJ will imply that DCN contribution to the GDXJ will be 0.18% and SVL will be 0.16% i.e. GDXJ will have to purchase ~US$1 mil worth of DCN shares whereas ~US$1mil worth of SVL shares need to be sold off.
Above translates to ~A$1.3mil worth of DCN shares and at ~40c, that will translate 3.25mil shares to be purchased by GDXJ.
The above has to be viewed as good news and positive impact to DCN SP. More so when the volume of DCN shares traded is low. Positive feedback loop to DCN SP until it pops!@ANTON707, this may be the trigger that we are looking for!
Cheers. DYOR.
DCN Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
@ANTON707, this may be the trigger that we are looking for!
