Blackrock World Mining Share Discussion Threads

[rcturner2] 28/9/2015 17:21

How many more do you want, there are reams of posts from me on this thread about the commodity cycle and the way things are going? I even posted this would be below £2 before the end of the year and of course got slated.

[rcturner2] 28/9/2015 17:20

RCTurner2 14 Apr'15 - 07:59 - 648 of 1134 0 0 edit

I sold out of all my resource stocks, this super cycle is on its way down and I think we have some way to go before we hit the bottom.

RCTurner2 14 Apr'15 - 08:50 - 652 of 1134 1 0 edit

I started selling 12 months ago and cleared out all bar one by the end of 2014. China is the key here, they created a huge demand for raw materials in their rebuilding phase, which has now ended.

RCTurner2 14 Apr'15 - 08:51 - 653 of 1134 0 0 edit

Aleman, that is a very short time frame, I am looking at a much longer cycle over several years.

[essentialinvestor] 28/9/2015 16:29

Would that not take out huge swathes of production and leave the sector's
strongest, perhaps RIO, in a very strong position?, or too simplistic
a view.

Mentioning this in the context of individual mining stocks rather than BRWM.

[mad foetus] 28/9/2015 15:48

I would expect the discount to widen as people liquidate losing positions. It is what usually happens. On the upside, you get the chance to buy good investment trusts at historically wide discounts during the dark days.

I wouldn't call the bottom on this one yet: if Glencore does go bust it will happen very quickly and take the sector down with it. It is not entirely beyond the realms of possibility that during this month the share price of BRWM could hit 50p and the NAV something in the 60-70p region. At which point anyone with cash will come in and make a killing.

[my retirement fund] 28/9/2015 15:43

RCturner, not sure what specific post you refer to, are you expecting a significant discount to NAV to open up here as investors lose longer term confidence with the fund?

[hugepants] 28/9/2015 15:26

I am not surprised and anyone who has read my posts shouldn't be surprised either.

Errr...I read your posts and Im very surprised. You are implying your calls are always right. Are they?

[rcturner2] 28/9/2015 11:29

I am not surprised and anyone who has read my posts shouldn't be surprised either.

[my retirement fund] 28/9/2015 11:29

or to put is another way, its quite something the discount to NAV is so narrow

[fabius1] 25/9/2015 15:23

Aleman - This is my view, aligned with more sensible commodity prices.

[aleman] 25/9/2015 14:10

Historically, there is quite a strong inverse correlation between the oil price and global growth. The very weak oil/energy prices in recent months seems to suggest growth will pick up in 2016 rather than weaken.

[fabius1] 25/9/2015 11:19

EI - Nice of you to say. I think we both share similar views on this market. I have a list of income stocks/IT's that are patiently waiting. Meantime, opportunity to trade a few rallies here and there.

[essentialinvestor] 25/9/2015 10:53

FAB, appreciate the view, you did highlight well in advance of this correction
your bearish equity outlook, so very nicely called.

5100 on the UKX would provide some fantastic longer term opportunities if that happens.

[fabius1] 25/9/2015 10:50

EI - Had another look at the entrails. Now out on the move this morning and looking to get back on the 200 test. Think we are close to the grail here but plenty of downside on plenty of stocks out there. Expect @ 5100 on the FTSE to reflect those corrections. Good hunting.

[essentialinvestor] 25/9/2015 10:29

Had some BP yesterday and traded the pop this morning, but kept my main holding.
My own take is that oil may bounce first, before wider commodities.

Think we can all agree that there are fantastic returns to be made on BRWM
if you can get timing anywhere near right, on my watch list for now.

A 2016 recession cannot be ruled out, commodities have been an early warning signal,
now much of the UK engineering sector is indicating a similar outcome.
There is clearly end demand weakness, it's not just all down to supply imbalances.

[fabius1] 25/9/2015 10:17

Well I added yesterday on technicals but keeping sharp stops in case we retest 200. Bit more pain to go on BLT.

[essentialinvestor] 24/9/2015 23:10

HP, are you trading this or is this a longer term position? TIA.

[hugepants] 24/9/2015 20:50

EssentialInvestor
24 Sep'15 - 16:12 - 1116 of 1118 0 0

Thought this would be below £2 a share today.

I think diversification is helping here. Some of the large miners are down nearly 10% today. However the BRWM portfolio has 24% exposure to precious metals and diamonds eg. Fresnillo, a gold and silver miner, is actually up 3.4% today.
Also BHP Billiton and RIO comprise 27% of the portfolio. These are huge businesses with relatively low debt levels, and will not be hit as hard. They are "only" down 2% today.

[madoff with cash] 24/9/2015 17:53

participated in the auction buy at 200p. missed it. oh well... tomorrow hopefully. it's amazing this share didn't drop much on the day miners were trounced.

[my retirement fund] 24/9/2015 16:15

Glencore is now sub £1

[essentialinvestor] 24/9/2015 16:12

Thought this would be below £2 a share today.

[madoff with cash] 22/9/2015 20:26

i've just joined the bulls today. actually i've been trading this for some time. and got a few at 204ish today. it's a good share to trade with a wide enough spread to make money. hope i've accumulated enough for the next div date.

[neilyb675] 21/9/2015 16:15

Reinvestment done at 215, pleased with that.

[cwa1] 21/9/2015 14:23

Thanks Neilyb675. I shall fire off an email to them if not in the account by tomorrow.