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ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Bullboard Posts
Post by bot_feederon May 29, 2013 11:17am
217 Views
Post# 21464043

sbb

sbb

I don't mind them raising a few more bucks, even at current prices.

 

However, I am concerned they are moving full speed ahead with Back River.  I discussed with them at Vancouver conf and the project is migrating from exploration to studies and permitting.  They expect to spend as much or perhaps even a bit more next year than they spent this year.

Personally I would like to see them to slow down the project in the face of the weak precious metals market.

 

What you don't want to see happen is that if the downturn in gold stocks persists for a few years, these guys could be getting close to being ready to build a mine let us say 18 months from now but if the stock is in the dumpster, any effort to go forwar with mining will be hyperdilutive, and the great investment opportunity that Sabina presents at the current stock price will be largely erased.

Bullboard Posts