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.

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ProShares Short SmallCap600 > Use to be Sabina Silver

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Comment by AlwaysLong683on Mar 10, 2023 9:24pm

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Post# 35332144

RE:RE:RE:RE:RE:Use to be Sabina Silver

If this is indeed such a ridiculously lowball offer, then it would seem logical there should be another, significiantly higher bid from another entity, and it doesn't have to be AEM as BTO is Exhibit A in terms of a company without any existing assets in the region wanting to purchase SBB. Plus, it is argued that SBB is a district-scale land package, so mid-tier to senior producers should be very interested in the company.

Page 4 of SBB 's February 2023 Slide Deck Presentation makes it clear to any and all interested parties that SBB anticipates the shareholder vote to take place in mid-April and the Board and Management recommends voting for the transaction. So, if what is assumed about the assets SBB is true, there should be at least one clearly superior bid that goes public before the vote. If not, then you have your answer: The BTO deal was likely the best offer SBB could get.

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