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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

Post by templetooth2on Feb 13, 2023 7:21pm
442 Views
Post# 35284152

Next big deal

Next big dealRupert has about 4+ million ounces but just raised $50 million to give them about $70 million or more for more drilling, enviro studies, feasibility study, etc. I don't see them being in any hurry to do a deal, plus they already carry a very rich valuation for a company that's at least 3 years from production. (My estimate, and it could be more like 4).

Osisko also recently raised money for Windfall. These people operate on a totally different planetary system than what I know. I don't think they will be ready for a potential deal until they have every last ounce in the proven category. As they already have 160 kilometers of drill core completed, this could take a while. Pass.

Marathon has given new meaning to the idea of selling your shareholders down the river. They would probably embrace a takeunder deal just to be rid of clueless management, so mark it down as a possibility. Chance of making a reasonable return: low.  Zillions of shares out.

Skeena has 4+ million ounces, a $605 million project in northern BC and a need for $200 million equity. This would make an obvious takeover candidate. Probably too obvious. Also, management is probably eye-balling the prospect of a solid decade or more of executive salaries. 

Troilus has 8 million low grade ounces and the support of Quebec,Inc. Plus a lot of infrastructure at the doorstep. I think this could be the next logical takeover candidate but it could be that said Quebec, Inc has plans for this baby as a provincial (national) champion now that Iamgold is on last legs. Might complicate the story.

Artemis doesn't need the money. Control is locked up. No chance.

Am I missing anybody?
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