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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

Comment by SeekingAuon Jan 18, 2023 2:45am
53 Views
Post# 35229816

RE:Breaking down Bristows agenda for M&A

RE:Breaking down Bristows agenda for M&A
goldenrivit wrote: He says the industry needs to consolidate quickly.But no more stupid M&As.I take the to mean the GBR take over with no resources/permits or backing of native locals.He called GBR "cow dung".He then states old assets in decline are of no interest meaning he is not interested in buying assets that are half mined out or gone through a decine in the low hanging fruit.In other words not interested in current producing mines.He did say last yr Barrick was on the hunt for assets in Canada not yet in production but are near term.Those assets must have blue sky exploration.So I rule out any producing JR.I alsorule out NFG and AMX as they too do not have proven economic resources currently.He states clearly looking for JR bolt on rather than a large merger of "old declining assets".IF he is not looking at SBB as his target then I can find no ther in Canada that fit his agenda/scale other than SBB.He also states a JR buy out 'this year".Folks Barrick is very likely to bid this quarter for SBB and all of us were alerted to it including todays sellers.

"Mr. Bristow said the precious metals sector requires "considerable consolidation" in the near term, but "no more stupid M&As." Declining output and old assets make smart investments hard to come by, but he expects the industry will get acquisitive. The world's No. 2 gold producer will be focused on "the junior part of the market" this year "where it fits with our exploration focus."


ARTG could also fit his criteria.
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