Blackrock World Mining Share Discussion Threads

[podgyted] 08/9/2022 22:02

Gone out to a 4% discount - topped up.

[flyer61] 24/8/2022 12:24

expecting at least 20 pence div for the final next year given the large dividends to be received shortly. Probably the best inflation hedge instrument that a PI can own.

[podgyted] 23/8/2022 18:41

Half-year report out tonight - quite an interesting read.

Interim dividend - 5.5p, xd 1/9/22 payable 30/9/22.

[podgyted] 13/8/2022 15:58

Yeah - the original team proved they didn't know how to get the gold out of the ground. On second (possibly third) management team but they're running out of money - Sprott holds all the cards.

[fordtin] 12/8/2022 14:18

I only have a few 'free carry' GPM shares left over from the warrant days.
I do try to keep the thread updated in the hope that, If I'm lucky,it might alert me to the next big wave.
I didn't really follow PUR, but I seem to remember they had the grades. Was it a mismanagement issue?

[podgyted] 11/8/2022 22:15

Back from having a couple - know what you mean.

You still looking after your GPM thread? Haven't been involved for a while and I must admit when they went into PUR I thought they'd lost their marbles - you never know though.

[fordtin] 11/8/2022 19:51

Same here. I'm not normally a lager monster, but room temperature real ales are giving me blisters!

[podgyted] 11/8/2022 17:56

LOL!

Unfortunately I'm in an amber zone - it does, however, give me a good excuse to go down to the local for a cold one or two.

(Or ten)

[fordtin] 11/8/2022 17:41

Evening ted,

Getting in touch with my facetious side would involve suggesting that it may be difficult to find a gold deposit without base metal credits and possibly just as difficult to find certain base metals without gold or silver credits 😉

p.s. Hope you're surviving the amber warnings, or are you at the cold end of the country?

[podgyted] 11/8/2022 13:23

Don't really see why. I prefer to keep PM and normal mining separate.

[the count of monte_cristo] 11/8/2022 12:32

You will be eating these words come the end of the year. Quite foolish really.

podgyted25 Jul '22 - 17:49 - 2482 of 2484

Pity about the gold mining holding here - never liked it.

[masurenguy] 08/8/2022 16:05

Good to see BRWM back over 600p again today at a slight premium to NAV.

[shieldbug] 04/8/2022 14:58

quote from Shares magazine "BlackRock World Mining (BRWM) Evy Hambro observed: ‘Out of the three letters I say G is the most important. This is effectively the board and the board are the ones who employ the executives which run the company and they are the ones who affect the E and the S.’"

[podgyted] 25/7/2022 17:49

Pity about the gold mining holding here - never liked it.

[rogerbridge] 25/7/2022 13:01

ESG costing investors a packet.

[masurenguy] 16/7/2022 07:47

BlackRock income cut by a fifth as global downturn takes hold

The world’s largest asset manager reported a bigger fall in quarterly profit than had been expected last night as turmoil in global markets shrank its fee income and as retail investors redeemed their savings. Private investors withdrew roughly $10 billion from BlackRock in the quarter to the end of June, the first drop since the beginning of the pandemic in March 2020, although the money manager had $89.6 billion in total net inflows from clients. Net income at BlackRock fell by 22% to $1.08 billion in the three-month period, while revenue declined by 6% to $4.53 billion. Its assets under management, which ended last year at a record $10.01 trillion, the most recorded by any fund manager, stood at $8.49 trillion by the end of June.

Complete article:

[alan pt] 15/7/2022 11:32

One thing to remember is that we are not just speculatively buying commodity futures

Yes, the prices clearly have a direct link, but BRWM invests in mining companies, which are in good shape and generating plenty of cash, so it's more whether they are making money or making loadsamoney :)

[podgyted] 15/7/2022 10:42

Chinese GDP figures disappoint showing only 0.4% growth in Q2.

Dalian iron ore futures (September) fell to 645y - @$95.

Copper still falling down over 20% in a month.

Metal falls beginning to look overdone to me BWDIK - still on the sidelines.

[fordtin] 14/7/2022 19:44

Various sources quote China’s USD reserves at somewhere between $3 trillion and $4 trillion.

If commodities and commodity suppliers get shorted much further, I can imagine some of those inflation eroded promissory notes being converted into tangible assets.

[jonwig] 14/7/2022 18:47

Not just minerals, the oil price has dropped a long way. So are CBs still tightening in the face of recession? At least that would mean a turn in the cycle sooner than expected.

[alan pt] 14/7/2022 18:39

REIT's also out of favour at the moment, obviously inflation must be just about to disappear :-)

[fordtin] 14/7/2022 18:30

Has the green-energy band wagon crashed?

Presumably a massive reduction in copper demand signals a failure of the electric car revolution, failure of wind powered generators, a reversal of World population growth and pretty much anything else dependent on minerals.

[podgyted] 14/7/2022 18:04

North American markets not closed yet, but they're basically throwing in the towel on mining stocks at the moment.

[jonwig] 06/7/2022 17:58

FT:

Commodities prices are tumbling from historic highs, as investors reverse bullish bets on everything from corn to copper and oil in the latest sign of recession fears gripping financial markets.

...

Bearish bets on copper currently stand at their highest level since 2015, according to Marex, a commodities broker with hedge funds net short 60,000 lots, or 1.5mn tonnes of the red metal, across all markets at the end of June, up from 4,000 lots at the start of May.
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