It was announced last Thursday that the GDX ETF is going to change its tracking index in September. WAF is not a constituent of the new index and therefore GDX will likely have to sell down its entire holding in WAF.
GDX currently holds ~40M shares of WAF.
I think this is the main factor accelerating the current fall in the share price, not helped by the weak lead-in the day prior from the mining code alignment.
What to Know About GDX’s Index Change | VanEck
GDX: Implications For Future Returns From The Upcoming Index Shift (NYSEARCA:GDX) | Seeking Alpha
Ann: WAF to align with 2024 Burkina Faso Mining Code, page-75
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Last
$2.30 |
Change
-0.060(2.54%) |
Mkt cap ! $2.621B | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.45 | $2.28 | $19.49M | 8.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 36564 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 67052 | 3 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| WAF (ASX) Chart |