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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

Comment by rockhead7on Mar 24, 2010 2:44pm
417 Views
Post# 16919754

RE: RE: share dividend 1:4.5

RE: RE: share dividend 1:4.5

Wilwal

I am sure its no coincidence that that the PP stock that was done at .17 also becomes free trading May 1.  So two tranches of pent up supply hit the market at once and FGC might well take a step back.  But that might be an opportunity.  I had dinner a few months ago with an MXI insider, he described the Frontline project as a chance to step into a Siryibaya-like situation in year three or four-all the preliminary craps done.  Remember our project is only 50% owned, FGC owns all of theirs.  We have collectively spent 10mm, so have they.  And FGC has the advantage of having a management team that has learned from our long experience.  Remember back in 06 when MXI first started-the trip from ten cents to a dollar was short and sweet-history might be about to repeat with Frontline.  We got results coming shortly after May 1, I am guessing.  MXI shareholders who rush for the exit, and there will be many, may well be kicking themselves in a coupleof months.

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