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Gold/Mining/Energy : SI Poster Receives Gag Order From TSE

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To: Adrian du Plessis who wrote (26)6/9/1998 7:57:00 PM
From: Lilian Debray  Read Replies (2) of 52
 
Of course, speaking of preposterous - one need only look to the inclusion of some companies in the TSE 300... so, one can't count out any absurdity.

It is not absurd at all but a direct consequence of the policies for the selection of the TSE 300, which are purely based on trading patterns.

Isn't the absurdity in the dichotomy between the expectations from the investing public that there must be some evaluation of the fundamental value of companies selected for that composite index... and the real role of the exchange.

tse.com

If one goes through the criteria, including adjusted share float, isn't it easy to see inherent risks that bad apples might sneak in? What insurance is there that they won't? that volume and float aren't manipulated through promotion and insider trading to fit the criteria? Investors don't even have easy access to insider trading patterns for the companies trading on that exchange.

The sad thing is that through that heavy-handed approach to smother criticism, the exchange is missing on an excellent opportunity to educate the public and to give more than lip service to consultation.
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