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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 RichyRich$on Feb 02, 2015 4:06pm
112 Views
Post# 23389612

RE:Huge drilling program for 2015

RE:Huge drilling program for 2015So when do the funds start piling back into Merrex? If the drill results are due this fall in Q3 Report, I would assume a slow and steady climb in share price would start now as investors anticipate the positive drill results. I wouldn't think everyone would hold off buying until the drill results, as by then it would be too late. And like you said, the high amount of money committed to drilling is bullish as they see the huge potential. Another thing that should eventually reflect back into the share price is the fact they own 900km square of land. Diakha is just what they're working on now, but there's a lot more future potential drilling in more areas down the road. From your analysis, it seems like this stock is worth $.50 just on Diakha alone if/when the drill results remain positive this fall. More potential of a higher share price if finding even more hot spots down the road. So much current excitement with Diakha and future potential with all the land they own in a proven area, I can't see this stock staying at 8 cents. This current share price is also half the book value. .50 Price to Book Ratio. Technically the chart is also showing rising bottoms. $.02 in Dec. 2013, $.03 in May 2014, $.05 in Dec. 2014. It looks poised for another rally now, then a pullback to $.08 as the next rising bottom. Then the closer to the drill results in 8 months or so, it should sky rocket leaving the lower rising bottoms behind. It's looking good fundamentally and technically from what I'm seeing.
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