This must be the bottom of the bottom of the bottom of the bottom? When this actually gets to be the bottom someone is going to make some good coin when gold reverses. When is the bottom though?
GDXJ just dumped their 26 million shares of Banro. The market knew this was going to happen so that caused the SP to decline as well. Banro doesn't have a big enough market cap for GDXJ anymore so they had no choice but to dump it. I do not own any BAA but I have a feeling it will be back into the mid $.20's soon. I wish I had bought some Friday but wasn't paying attention.
GDXJ SEC info:
From the GDXJ SEC filing The Junior Gold Miners Index (the “Junior Gold Miners Index”) is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of publicly traded companies of small-and medium-capitalization that are involved primarily in the mining for gold and/or silver. The Junior Gold Miners Index includes common stocks and depositary receipts of U.S. and foreign companies that are involved in mining for gold and/or silver and that are listed for trading on a leading stock exchange.
Constituent stocks for the Junior Gold Miners Index must have a market capitalization of greater than $150 million on a rebalancing date to be eligible for the Junior Gold Miners Index. Stocks whose market capitalization falls below $75 million as of any rebalancing date will no longer be eligible for the Junior Gold Miners Index. Stocks must have a three-month average daily trading volume of at least $1 million to be eligible for the Junior Gold Miners Index and issuers of such stocks must have traded at least 250,000 shares each month over the last six months. Only shares that trade on a recognized domestic or international stock exchange may qualify (e.g., National Stock Market stocks must be “reported securities” under Rule 11Aa3-1 of the Exchange Act. Similar criteria and standards apply to stocks with foreign listings). Read more at www.stockhouse.com/companies/bullboard/t.baa/banro-corporation#vRyMF7dmvDpsymPc.99
GDXJ Banro holdings as of Sept 9, 2014 GDXJ holdings
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