Blackrock World Mining Share Discussion Threads

[essentialinvestor] 11/2/2016 07:15

llef, in the current year RIO intends to pay a Full year dividend of at
least $1.10, not final - in other words a 2016 cut of Up to 50% approx,
depending on performance.

[llef] 11/2/2016 07:08

RIo results out

Rio Tinto said it would pay a full-year dividend of US$2.15 a share, in line with the payout for 2014.

However, with the continuing uncertain market outlook, the board believes that maintaining the current progressive dividend policy would constrain the business and act against shareholders' long-term interests," Rio Tinto Chairman Jan du Plessis said.

Rio Tinto said it will now take into account its profit performance, the outlook for major commodities, and the health of its balance sheet before setting future dividends. In the current financial year, the mining company aims to pay a final dividend of at least US$1.10 a share, which would be equivalent to US$2 billion.

[aleman] 10/2/2016 08:08

ECM regional results are usually a good indicator of how the regiosn of the global economy are doing. It looks like the US was first into recession by these. US results this week continue to be poor and forecasts continue to get downgraded.

[p1nkfish] 08/2/2016 22:39

RRS run, impressive.

[betelgeuse1] 08/2/2016 16:20

will be up 5p tomorrow

[aleman] 08/2/2016 15:45

Mining index UP 2.3% as the FTSE 100 is DOWN 2.5%. It's almost funny that BRWM doesn't seem to know which way it wants to go. Presumably the discount must be blowing out to near 20% today. What makes it even odder is that, recently, metals have gone up as the $ has fallen. This afternoon, metals have jumped as the dollar has jumped. Something a bit odd going on. Some unruly unwinding of derivatives, perhaps. Which bank will be in trouble from reckless speculating this time?.

[racg] 08/2/2016 15:37

Yeah very staid

[celeritas] 08/2/2016 15:07

Odd sort of day. The NAV is up again from Friday with many miners mixed today. Gold miners doing very well along with the odd general miner, most of the rest are mixed, up or down the odd %.

The unaudited net asset values for BlackRock World Mining Trust plc at close of
business on 5 February 2016 were:

202.43p Capital only (undiluted)
214.52p Including current year income (undiluted)

[dlku] 08/2/2016 15:01

GOLD IS FLYING

[betelgeuse1] 08/2/2016 08:18

breaking out 180-181

[essentialinvestor] 05/2/2016 20:08

Counter trend rally imv.

[aleman] 05/2/2016 17:28

Hold on. All our media keep telling us China is the problem that is causing slowing growth yet Merc, Volvo, Ford, GM and the Japs all report bumper sales in January. Ford's 36% rise gave new record. This follows a strong December (total+18%).

[racg] 05/2/2016 14:53

Well, maybe next week will see it close the discount somewhat.

[celeritas] 05/2/2016 14:14

wow, thats some discount.

[aleman] 05/2/2016 13:37

212.83p. Given the slight rise in miners today. Discount is probably now around 17%.

[aleman] 05/2/2016 11:24

Thought we'd see a little profit-taking today but PMs are up a little and base metals are broadly flat. Mining Index is up another 2% so BRWM has underperformed the Mining Index by 12% in 2 weeks. Since the Jan 20th lows, the FTSE100 is up 4%, BRWM up 13% and Mining Index up 26%.


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[celeritas] 05/2/2016 10:05

Zinc has been this way for a while now, completely ignored and falling in sympathy with other metals.
Century and Lisheen have taken out 670,000 tonnes with the last shipment from Century just a week or so back.
Glencore have taken 500,000 tonnes out the mkt and Nyrstar have taken over 50,000 tonnes.
Zinc in a normal world would go on a huge run, under investment for a long time will cause a severe shortage in the years to come. At these prices no one is interested in looking for new mines never mind the years it takes to build one.

[llef] 05/2/2016 09:09

fwiw, goldmans are positive on zinc, less so on other base metals

"And zinc has the "strongest bull case" of the metals markets, wrote Goldman Sachs' analysts in a note released Thursday, as mine depletion and production curtailments likely continue to tighten supply this year, further supporting prices."

[essentialinvestor] 04/2/2016 18:15

You will have a clearer idea of the medium term by the end of Feb imv (probably sooner)
either this is sustained or sold off, trading instinct tells me the later but hopefully
wrong on that.

[aleman] 04/2/2016 17:27

Looks like the medium term downtrend is broken. I can't see it dropping back to maybe 160p or lower if NAV is going to be maybe 205p or more tomorrow. The longer term downtrend remains.


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[aleman] 04/2/2016 16:27

Mining Index up 11.4% just before the close. BRWM up 6%. It underperformed yesterday and pretty much the last two weeks. BRWM has stuck at the downtrend resistance. It should be maybe 10p higher. There'll be a huge leap in published NAV tomorrow. Maybe the discount to NAV will just increase again. Maybe not. It should be an interesting day.