Macquarie has a new report (April 19) on their website.
The key paragraph being
" GDXJ changes driving increased volatility. Market Vectors Index Solutions (MVIS) has announced a change in the methodology for the Global Junior Gold Miners Index. The changes come into effect at the Q2 rebalance on 16 June 2017 and we believe it is likely that in the lead up we will see significant volatility in our ASX gold coverage universe. We believe DCN remains a likely inclusion in the GDXJ index in the future, although we suspect that market liquidity is likely to be the key limiting factor for ETF inclusion. "
The above, DCN's current pase of construction, the POG, POG's seasonality, terrific outside markets, a small cat crossing the road, ALL combine to negatively impact DCN's sp.
OV
PS As for savaging the sp to $1.00, one needs DEEP pockets in a free market where every deepocket is on side. Very risky. I prefer: Bidding War.
WGX Price at posting:
$1.94 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)