What just happened, page-137

'Not sure what announcement you are referring too? At this point they are still in and the review is this Friday.'

No, they are not still in. They were officially removed from the GDXJ list last Friday 11th March (Saturday 12th March AEST). You need to go to the latest review tab (on the RHS) via

http://www.marketvectorsindices.com...-vectors-global-junior-gold-miners/weightings

to see the changes below.

	Column 1	Column 2	Column 3
1	DELETION	1051 HK	G-RESOURCES GROUP LTD
2	DELETION	KCN AT	KINGSGATE CONSOLIDATED LTD
3	DELETION	NST AT	NORTHERN STAR RESOURCES LTD
4	DELETION	OGC CT	OCEANAGOLD CORP
5	DELETION	EVN AT	EVOLUTION MINING LTD

This explains the heavy selling yesterday and during the past couple of weeks. i.e. even though the review is officially dated 11th March, the rebalancing would have been determined based on data at the end of Feb. I could be wrong but once the review is officially announced, I'm pretty sure the rebalancing needs to be finalised the following day.

In any case, the removal from the GDXJ is (or has been) a short term issue for EVN holders. Remember that the company reports its Q1 activities in six weeks or so. The average spot price of Gold for the March quarter is virtually set at @A$1640 (unless we see a complete gold price meltdown in the next 12 trading days which would lower the average only a little).

Therefore based on a A$1600+ average (note: the hedgebook provides further assurance that a record average sale price will be achieved), record revenue and record positive cash flow will be generated this quarter. This will likely provide the re-rate (or SP recovery) some of us are looking for. In turn the GDX index will need to increase its exposure/weighting by purchasing additional shares on market.

GLTA and DYOR