Global X Uranium ETF, page-3

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Zogeel

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08/02/19

06:17

Post #: 37371063
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Originally posted by Joebernini: ↑

Fellas, this morning ( 02/07/2919 , 7:15 AM PDT) I contacted Global X Uranium ETF to find out how many GML shares they are still holding as of today and they confirmed what "mogawaibob" said: 7 million shares. The interesting thing here is that when I called them about 2 months ago or so, their GML holdings were around 11 million shares, a substantial reduction in just 2 months specially way before their normal fund rebalancing which is in July of each year!!!!!!!!!! Why? don't know!

If you ask me, I attribute the fall in share price in the last several months directly to their action and not to some restless small retail investors impatience and risk tolerance. Unloading nearly 100 M shares has had a tremendous negative impact on the SP, IMO.

Despite Global X ETF's substantial reduction of GML position , I personally remain optimistic about my own holdings! To each his own!

in Uranium, REE, Aqua Sanitas, and Vino Veritas

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Yes Joe, Global X holdings in GGG have declined (by roughly 50% since November), as they have for their other uranium holdings across the board, though by proportionately less.
So, it seems like strategic rather than company-specific reductions, caused perhaps by disenchantment with the sector.
It would be good to know more on this.
We should remember too that GGG's value is mostly in REEs.

GGG Price at posting: 6.1¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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