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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 wilwalon Jan 10, 2016 3:44pm
225 Views
Post# 24444880

RE:RE:IAMGOLD

RE:RE:IAMGOLDRR$, I agree with you that the near future is the most opportunistic time for IMG to take over full ownership of the JV.  The industry is in the tank, and it was exactly the same situation in which they bought out their company-maker Orezone and became the Essakane mine. That big score is still a legend in the industry.  If the market was in a robust stage, MXI would be trading higher than .50 now, or at least after the Diakha results come out.  

Where IMG could lose out badly is when MXI raises a relatively small amount of capital ($2 million) and scores big on Karita.  And you're quite right, if MXI drills out a good deposit there with 100% Karita ownership, then the door is wide open to other interests coming in.  12 months from now could be messy and expensive for IMG.

On the issue of restricted shares, a hold period may not be applicable.  If a takeover is done by way of Plan of Arrangement, then a holding period is not required.  Also, a lower threshold of shareholder approval (66.7%) is required.  I think that the Plan of Arrangement (which is a court process) method is becoming the preferred method for takeovers these days as the court rarely turns it down.
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