DCN 0.00% 28.5¢ dacian gold limited

Ann: GMD: Extension of Offer Period for Takeover s650D, page-53

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  1. 78 Posts.
    lightbulb Created with Sketch. 77
    Surprised they are still holding - they won't for long. They no longer meet the criteria for inclusion in the Index (see below - my underlining). At the next re-weighting, these will be sold (can't be accepted into the offer as Genesis not in Index). Next Index review date 30 November, with announcement on 9 December. See here under MVGDXJ: https://www.marketvector.com/periodic-index-reviews/quarterly

    Companies eligible for inclusion in Index:

    • Companies that generate at least 50% of their revenues from gold and/or silver mining/royalties/streaming or have mining projects with the potential to generate at least 50% of their revenues from gold and/or silver when developed; and
    • Market cap exceeding $150 million; and
    • Daily average trading volume of at least $1 million and traded at least 250,000 shares per month over the last six months
 
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Currently unlisted public company.

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