Invesco Emerging Markets Sovereign Debt ETF V.PCY

Primary Symbol: PCY

The investment seeks to track the investment results (before fees and expenses) of the DBIQ Emerging Market USD Liquid Balanced Index (the underlying index). The fund generally will invest at least 80% of its total assets in U.S. dollar-denominated government bonds from emerging market countries that comprise the underlying index. The underlying index measures potential returns of a theoretical portfolio of liquid emerging market U.S. dollar-denominated government bonds.

ARCA:PCY - Post by User

Invesco Emerging Markets Sovereign Debt ETF

<< Previous

Bullboard Posts

Next >>

Post by alex7759on Feb 18, 2021 4:09pm

113 Views

Post# 32601508

Q&A

many thanks to Joaquin Merino ( Bolivia operations) for answering my questions:

When do you expect ratification of Comibol minig contract (MPC) for Pulacayo. . Last year was the National election. Because of Covid the call for elections was delayed a couple of times. On November the 8^th 2020 the new president, Mr. Luis Arce, took position. The ratification of the Mining Contract has to be passed by the “Asamblea Nacional”. Assuming that 2021 will resume business-as-usual with the government then ratification should happen this year, although currently the pandemic is still interrupting the normal convening of congress.
.
your goal to get confirmed 300m oz ag resources in 2021 is to reach with planned drill program or there is confidence to sign a new contract with Comibol for Malku Kota deposit. Both scenarios are possible. We could triple up the resources in Pulacayo, and also obtain the Mining Contract on Malku Kota. Also Sunawayo currently being drilled could represent a significant silver resource. Could you please update what is your expectation for a decision by Comibol. The new president of Comibol was appointed last week. We have a meeting with him after the Carnival season. He is already aware of our interest in Malku Kota and where we are on the administrative process. The Government of Bolivia has instructed its ministers and high officials to promote investment. We expect the Malku Kota file will be prioritized and moved forward accordingly.
Why you started drilling at Pulacayo deposit on Pero low grade area and not on Pacamayo with high grade samples. In Pulacayo we have several mature targets. Pero is one of them. We wanted to demonstrate the strike length of the principal system drilling the most eastern target which is Pero. The Pero target is also shallower, which allowed for several wide intercepts with a few meters. Access was also easy. We intercepted mineralization in all the holes in Pero, which indicates the system is still alive in the sector where the old mine never reached. What is the plan to drill this area. ( Abra and Pacamayo). In the Abra and Pacamayo, the next step is to cover the area with geophysics, which will help us to refine our drill targets in the area. When do you plan on the directional drill through all this areas?. With the pandemic this drilling has been postponed (the contractor we will use is from Europe—all flights from Europe to Bolivia are currently banned), but is tentatively scheduled for late-Q2 2021.
With acquisition of Sunawayo the company has got a fully permitted and working lead production site. What is your plans to upgrade this. We are about to complete the first exploration campaign ever in Sunawayo. Before taking any decision on the mining side we want to evaluate the drill results that will also assist the operation. Until then the intention is to keep the mine running as it is. Is this plant currently active? Any cash flow from them?. The mine is still operated by Cerusita Mining, the vendor, at breakeven. How big stuff is there? about 40 employees and another 40 contractors.