Blackrock World Mining Share Discussion Threads

[lageraemia] 06/1/2025 10:45

Obviously the big gold miners are going to have a massive Quarter at next earnings.

The average gold proce has been $150 per ounce higher than in Q3.

It will be interesting to see what if any shift the managers have made in their allocations. Agnico Eagle has by far the best margins of the top 3 Gold miners, but Barrick is only one in the top ten BRWM holings in the banner above.

Barrick and especially Newmont have been very lax with costs to the point their AISC has climbed as much as the price of gold. Ever higher gold prices and even lower diesel prices in the 4th quarter are a gifthorse they will do a full dental check on though probably.

[action] 04/1/2025 15:14

465p will be good top up point if it ever revisited. Plus qtrly divi with basket of shares is plus point as not relying on one single shares.

[laurence llewelyn binliner] 23/12/2024 20:10

Back in the buying zone here sub 500 pence so started adding again, safety through diversification with 6/7% income and keep for a decade.. :o)

Commodity prices are cyclical, the trust basket (ex Copper) is weaker over 2024 than 2023 so income will be weaker overall which should be reflected in the FY dividend payout, 17 pence is unlikely, but more than welcome if it holds up..

[giltedge1] 20/12/2024 16:42

Dividend to date 3 x 5.5p, revenue reserves ytd 7p, so looks about 25p FY

[carpingtris] 20/12/2024 11:29

Topped up this morning :)

[dope007] 20/12/2024 11:22

Added a few more for the long term. I think these sort of prices are good for stashing away in the ISA's

[flyer61] 19/12/2024 13:58

Simples really.....The underlying assets have been cutting their dividends....

Topped up this morning.

[masurenguy] 19/12/2024 13:11

Flyer61 - so you think they'll cut the final dividend by 20% to 13.5p. What do you base that on ?

[shieldbug] 19/12/2024 12:44

30p would give a final divi of 13.5p. I'd be happy with that.

If there is going to be a trade war, commodities will be front and centre. Risk could be more to the upside in the medium term but could well fall further in the short.

Added a few this morning.

[flyer61] 19/12/2024 09:49

I think you will find the dividend for this year will more than likely be a total of 30p so the yield will not be 7% purchasing today....

[masurenguy] 19/12/2024 08:54

At the current price the yield is 7% and the discount to NAV is 9%. Shareprice is also at a 3 year low.

[dope007] 17/12/2024 08:29

Added my first lot just now

[lageraemia] 16/12/2024 18:22

In a poor year for economics and investing generally, investors (particularly those in search of yield and risk diversification) looks for companies that are producing actual stuff, have low net debt and free cash flow. That's miners (and the commodities too in the face of weakening fiat cirrencies).

They might not want to buy a company that sells chips to itself at a forward PE of 60 as much.

I'm averaging in with monthly buys in my SIPP here.

[dope007] 16/12/2024 12:38

The main thing holding me back I a belief that 2025 could be a fairly poor year for world economies

[dope007] 16/12/2024 12:34

That is what I plan to do also. I think these are cheap now and will likely make a first purchase soon

[uhound] 16/12/2024 12:05

Maybe, know one really knows!

I just add regularly while I think the price is good value rather than all in at once.

[dope007] 16/12/2024 11:54

Getting tempted to add these to my ISA but is more pain on it's way in the short term?

[giltedge1] 16/11/2024 12:34

USD strength will help income returns, BRWM safer bet than individual mining shares. Income may reduce next few years, but then rise again. BRWM backed, by gold, copper etc. End of day better to have investments backed by gold, copper than deflating GBP in bank account with bloated govt debt on the trillions & rising eroding GBP.

[rogerrail] 13/10/2024 17:42

Agree, also worth looking at WT Enhanced Commidity ETF.

[xtrmntr] 13/10/2024 14:01

https://money-makers.co/2024/10/12/money-makers-podcast-12-oct-2024/

[giltedge1] 10/10/2024 13:36

With Gold at 2620, & copper rising as well, worth buying for exposure to those two commodity classes, let alone other holdings. Good hedge against depreciating GBP, a Starmer Put.

[shieldbug] 18/9/2024 12:52

Strictly speaking it is an investment trust not a fund. Therefore they publish an Annual Report containing all the information you are likely to need. I am sure management fees and costs are covered.

[r2oo] 16/9/2024 08:15

As this is an actively managed fund, can someone please explain the fee structure upon owning this.

[podgyted] 15/9/2024 19:34

Discount at over 8% is attractive.