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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Post by wilwalon Jun 21, 2016 11:18pm
150 Views
Post# 24986004

TomaGold LOT is halted

TomaGold LOT is haltedThis may not have any relevance to MXI but Toma's main asset is the Monster Lake  JV with IMG.  The halt was requested by the company pending news.  Toma's development is behind MXI's progress (Monster Lake doens't have a 43-101 yet) so I'm finding it unlikely that IMG is in the midst of buying it out yet.  Anything is possible I suppose.  Toma's market cap is still pretty tiny so IMG could grab that asset cheaply right now if they understand the deposit well enough to know that there are lots of good ounces in it.

If by chance IMG is buying out LOT (low probability imo), then I would raise the probability that MXI will be next and soon.  Watch for news on LOT!
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