Blackrock World Mining Share Discussion Threads

[rcturner2] 21/9/2015 11:42

I might have known you would be in this.

No wonder the share price is on the floor.

[neilyb675] 21/9/2015 11:23

Div in just waiting for the reinvestment (drip).

[cwa1] 21/9/2015 08:37

Morning

Just wondering if anyone/everyone has had their dividend yet? I haven't got it yet and was wondering if iDealing were slow, or if everyone was still waiting? Would be grateful for your experiences.

Thanks

[fabius1] 17/9/2015 09:50

RCT - Interesting to see the FT has finally caught up with some of the points raised on this board a while back. I think most of us recognise the 'this town ain't big enough for the both of us' theme and Sparks will fly. I would hope BRWM's favoured investments pass muster on this score. They have certainly indicated their thoughts on the matter.

[essentialinvestor] 15/9/2015 06:46

GLEN not supportive to the price atm, wonder have they been reducing their
holding.

[gymratt] 10/9/2015 17:30

Took a position today, I like the chart; it appears to be 'bowling up' towards 240p ish! Then possibly 300p next resistance(when things return to 'normal'!)
. IMHO.

[alphahunter] 09/9/2015 11:33

7%?
I thought we had 4% based on rail freight, electricity consumption,...

[rcturner2] 09/9/2015 07:21

Interview on the Today programme this am with a factory owner in China who said orders were down 40% since June and he was about to let people go. They also said that there are 70m unoccupied new build homes in China.

[racg] 09/9/2015 06:51

Maybe they are selling a lot of collectible China to themselves. About time we had some good news for the mining sector.

[alphahunter] 07/9/2015 21:17

RCT,

Do you include the recruitment of PLA's cyber hackers in that number?

[kiwi2007] 07/9/2015 16:37

Because they want to modernise their armed forces...gone are the days of 10,000 Chinese charging over the hill against a fortified position. Two men with a HJ-12 does the job instead.

[kiwi2007] 07/9/2015 16:36

Because they want to modernise their armed forces...gone are the days of 10,000 Chinese charging over the hill against a fortified position. Two men with a HJ-12 does the job instead.

[rcturner2] 07/9/2015 15:58

Kev, no one knows the future, you are right it might only be a worst case scenario, but don't think that it couldn't happen. We have seen already what has happened to the price of commodities. I have seen enough data on China to believe that things are actually pretty bad there, much worse than the official data.

Ask yourself a simple question, why did the Chineses government announce a cut in army numbers of 300k?

[11_percent] 07/9/2015 15:17

They tell mme.

Copper and silver are the same.

Why, why.

[kev0856153] 07/9/2015 14:54

shut up idiot
wheres the data that says the construction sector is down 50%

[kev0856153] 07/9/2015 14:43

RC Turner likes to paint the worst case, not the most likely case.
China is still seen as an emerging market, its nowhere near a fully developed economy. Anyone who thinks the chinese construction sector is going to drop 50% is living in la la land.

[alphahunter] 07/9/2015 07:54

Hi RCT, that's where we differ: the magnitude / intensity of the drop.
Even the Head of the Chinese steel producers association - which has all incentive to talk iron price down in a clash of views with RIO - does not predict such a cliff. 50%, may be in 50 years once China fully transitionned to a US style economy and demographics.

Anyway I'm not calling a bottom, just the survival of the fittest. Cutting-off the market cap of the top and sub 15 miners globallly and working out an equalisation between the two with say another 30% off the market cap as a whole, type of exercise.

[rcturner2] 06/9/2015 08:20

Alpha, i am talking specifically about China. If you look at how their construction sector has expanded then it can easily halve from the peak level. This has happened before in other countries, including Ireland and Spain.