Direxion Daily Energy Bull 2X Shares V.ERX

Primary Symbol: ERX

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. The fund is non-diversified.

ARCA:ERX - Post by User

Direxion Daily Energy Bull 2X Shares

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Post by goldbug27on Oct 30, 2012 12:58am

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Post# 20537911

recent company comments

Nice to see some postings for Marengo :)

I've written to the company a couple of times and thought I'd share the bits I got back:

"I can assist with information in relation to production, we will be looking at ~80,000 tonnes of copper per year (produced in concentrate)."

"The primary funding (approx 70%) for the campaign will come via the Fixed price EPC we intend to complete with China Non-Ferrous. We are looking at a range of potential other funding options and have and continue to have interest from a number of potential parties."

cheers

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