Awesome. So their target is 0.49% of their fund, which is the...

Awesome. So their target is 0.49% of their fund, which is the $30m, against which they'll get as many shares as they can.

Surprises me that they have a deadline of Friday (as mentioned in Stockhed and pro active) - seems like an obvious hamstring move in some senses. However, when you see that they also included WGX today and they only went up 4%, what it actually underlines is just how much FFX is still undervalued.

I doubt they anticipated that level of price rise - I think we've a number of big institutional investors who are 100% set on having a part of the FFX story, but are busy making their money elsewhere right now. I think VanEck has just stoked the fire inadvertently