Not really Lfc786, here's a post complimentary of
@GCar from the AGY threads ; Global ETF basically tries to replicate the solective global index, which is limited to 40 stocks globally and the solactive Global lithium index balances today ;a number of LIT stocks had large ’buy/Sell’ orders sent to market before disappearing during auction PLS, GXY had a combo of large buy and sell orders ; AGY had a 12.5m sell come and go...there was 13.5m AGYs listed on global ETF a week ago; there was also 38m AVZ listed on the 6th..we got a 33 sell order today....
How will they be sold?..they are clearly imo up for sale IMO;......just dump them, or now listed and x traded through brokers in packages who consider then profitable at this level who would likely sell on the way back up possibly... Anyway read below
https://hotcopper.com.au/threads/global-x-lit-etf-fund-total.5058661/page-428?post_id=45238579’After a bit of searching, it APPEARS as though there have been several key changes to the composition of the Solactive Global Lithium Index, to be "implemented effective open 16th June" (today).Is this the new list?
so, AGY and several others are no longer there (e.g. AVZ, BCN, NMT, NLC and some others - compare to the LIT ETF list below).
Since the LIT ETF tracks the Solactive index, presumably the LIT ETF will be selling down their AGY holding, as AFAIK they are simply a passive follower of that other index. hmmm.. perhaps they were "testing the waters" today in the auction with that 12.5m unit sell order...?IF this is the case, it will be interesting to see how their selling tactics unfold - I recall that they were very "good" at accumulating without pushing the price much... hopefully they do the same in reverse.I may have this all wrong, please correct if you have other/more info.In any case, it doesn't change my conviction for the future of this company. That Solactive Li fund is limited to 40 stocks globally, and there are obvious other heavy hitters there that perhaps better suit their risk profile...for now
