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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

Comment by gwalkeron Mar 14, 2011 8:40am
303 Views
Post# 18279864

RE: RE: Another investment or buyout coming

RE: RE: Another investment or buyout comingNo one commented on this, so I doubt anyone even looked at Fortune Minerals and see if they may fit with this latest move by PCY ??


No one is commenting likely because it is far fetched. I have owned Fortune for many years so I am very familiar with Klappan. Fortune's main focus has been their Nico gold project and the plan was to  look for ways to use the coal to get enough cash to put Nico into development.  They are either looking at buyout or a partner to develop the coal. For  a partner, they would likely be looking for an Asian steel company or consortium for a cash payment in exchange for the offtake. 
PCY doesn't have the cash available as a partner or buyer, so I am not sure what they would bring to table
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