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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 Jun 08, 2016 12:48pm
88 Views
Post# 24946826

RE:RE:RE:RE:RE:RE:RE:RE:Does anybody else wonder..

RE:RE:RE:RE:RE:RE:RE:RE:Does anybody else wonder..What is holding IMG back is two related things: one is the need for certainty but most of all, the unwillingness of MXI to sell without getting paid for uncertainty.  In other words, IMG has made so many blunders in the last few years, that they will not pay for blue sky.  So they will only pay for ounces known and MXI will not accept that today. You need a buyer and a seller, but you don't have a seller right now. You can read that between the lines with the current PP.  Clearly MXI is preparing to stay in the game and wait for the ounces.  IMG will buy whenever MXI wants to sell, but won't pay a nickel for the extension, for instance, today.  IMG doesn't care if they have to pay more later as long as they get what they pay for.  They will not allow another Cote Lake debacle to happen.  Why is why I predict the buyout will occur after the current drilling program is complete as MXI will not sell out for the current ounces, and will want to include ounces from the Diakha drilling program plus the ounces from the Siribaya program last Nov/Dec.  What I don't know is how much certainty IMG wants.  Will they pay on the basis of their in-house estimates or will they insist on waiting for the 43-101 update?  No idea there, but either way, IMG has to make a move this year imo.   Check your inbox.
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