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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 AlwaysLong683on Apr 03, 2023 1:11pm
130 Views
Post# 35376552

RE:RE:Would Be Interesting.....

RE:RE:Would Be Interesting.....No blood boiling here re. the Hackett River project Mack - just calling it like I see it.

Glencore is a large, global resource miner based in Switzerland. The company's shares trade on the London Stock Exchange. It has a current market cap of just over 58B Pounds (96B Canadian) and as mentioned, just put in an offer to acquire Teck Resources, another large miner.

Glencore's Hackett River acquistion around 10 years ago was pocket change for them. They conducted their own MRE, found the results unimpressive, and it doesn't look like they've lifted a finger there since. How much of a priority do you think Hackett River is to them in the grand scheme of things? If it is large enough, any mining company will have potential projects prove to be uneconomcial - you don't know what you have until you drill, assay, and study the results. It's certainly possible that Hackett is developed at some point down the road, but I bet if it ever is, it's a long way down the road. 

BTW, if you want to witness real blood boiling, re-read BaldSilverHead's multitude of brief daily mini-rants about his outrage. That's a guy whose blood seems to be scalding hot.



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