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.

TSX:CLG - Post by User

iShares 1-10 Year Laddered Government Bond Idx ETF > Value

<< Previous

Bullboard Posts

Next >>

Comment by unphasedon Aug 16, 2005 4:35pm

71 Views

Post# 9418551

RE: Value

CLG is a speculative play that did trade up toward the $5 range not too long ago. It dropped because of high costs associated with building a mine in that local. CLG has since hired consultants to look at cost alternatives and the report was issued and made public . In short ....at the preasent gold price a mine would be sustainable for over 8 years at a cost of approx. $225/oz average. CLG continues to explore the property to widen the proven/probable. Canada is a freindly jurisdiction to mine gold however it has to be done in consultation with all concerned parties. That is what is happening . A road and air strip are bieng built there now ....maybe complete ?? I have a position at around $2 as does Kinross( thiers is way larger than mine ) I think it will see 5 again soon enough.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading