iShares 1-10 Year Laddered Government Bond Idx ETF T.CLG

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada 1-10 Year Laddered Government Bond Index the Index, net of expenses. The Fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.

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iShares 1-10 Year Laddered Government Bond Idx ETF > I bought 3200 shares today!

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Comment by tanoon Mar 27, 2004 11:43am

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Post# 7275924

RE: I bought 3200 shares today!

I am no expert, but as I see it, the only way the company's future could be in doubt would be if their claim that the property contains gold is false (i.e., a fraud). Otherwise, I don't see why the mine would not be developped eventually. The current estimates of the cost of developping the mine should come down as the economy sours and the price of steel, oil, labor, etc. drop. Also, the price of gold going up and the company's ongoing drilling program which could very well lead to an increase in reserve estimates are two other factors which could help make the project more economically feasible. Finally, there is always the possibility of a bigger company buying them out. I guess we will just have to wait and see.

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