Blackrock World Mining Share Discussion Threads

[wookie77] 15/2/2016 15:48

Decent jump in NAV!!

[dlku] 15/2/2016 07:32

Checking in on crude prices: we're seeing a turn in to negative territory after a spectacular 10 percent gain on Friday, which was actually Brent's best session since December 31, 2008 when prices gained 13.55 percent.

[aleman] 12/2/2016 16:16

You might be thinking we've closed some of the discount with today's strong showing but probably not. The Mining Index is now up 7.7%. It's even possible that the discount has expanded further.

[aleman] 12/2/2016 15:59

I don't know. I could write forever about market inefficiencies/ inconsistent pricing/variations in supply and demand and speculate about specifics here but it wouldn't really help. Discounts vary from time to time (tending to be bigger a the bottom than the top but never consistently so). It just happens. If you are prepared to hold a while, time increases your chances of taking advantage. Even then, anomalies can persist a long time. Nobody rally knows. The stockmarket is an odd place at times.

[pixi] 12/2/2016 15:55

Looking good.

[racg] 12/2/2016 15:53

Here is to the discount, closing somewhat!

[celeritas] 12/2/2016 14:43

OK, I've been calculating both.
Why do you think the difference to the current share price is so huge.
BRCI shadows and generally trades at a very slight premium.

[aleman] 12/2/2016 14:37

Always with income. If the cash is not in, it is not NAV.

[celeritas] 12/2/2016 14:30

Aleman, are you calculating with or without year income.
Which ever one the discount is very large.

It's certainly over 20% with income.

[aleman] 12/2/2016 14:27

The discount to NAV was 20.3% at the close of business yesterday. You can't compare today's price to yestarday's NAV when the Mining Index is currently up 6.3% on the day! The discount is probably still over 20% after today's moves.

[celeritas] 12/2/2016 14:20

About a 17% discount to Nav with profits.
Amazes me when brci shadows it's NAV.

The mining index is up circa 6%, would make the nav 210p and 222p with profits

[celeritas] 12/2/2016 14:07

Yesterdays closing Nav, slightly higher, I'm surprised as I thought it would be the odd penny down.
It should show a huge jump after today.


BLACKROCK WORLD MINING TRUST PLC

The unaudited net asset values for BlackRock World Mining Trust plc at close of
business on 11 February 2016 were:


198.02p Capital only (undiluted)
210.21p Including current year income (undiluted)

[mister md] 12/2/2016 13:46

miners showing a more bottomed out chart pattern versus the overall market - all doom and gloom now mostly priced in ?

[dlku] 12/2/2016 13:12

250p speaks to me

[celeritas] 12/2/2016 12:39

Some catching up to do, the nav will be well over 200p after todays moves, circa 215 with income.

[aleman] 12/2/2016 10:47

BRWM underperformed Mining Index by 12%+ in a month.


free stock charts from uk.advfn.com

[pixi] 11/2/2016 19:27

Topped up at 166.

[celeritas] 11/2/2016 15:13

brci nav 49.21 as of closing yesterday, current price to sell 49,5
brwm nav 197.25 as of closing yesterday, currently 168.5 to sell.
Both are without current income.

[llef] 11/2/2016 13:28

re 34% in gold, silver diamonds: yep, and that was as of 31 jan.

since then Randgold and Fres are up 20% so I imagine the precious metal share is even higher than 34% now....

[aleman] 11/2/2016 13:22

Things seem to have changed a bit. Gold, silver and diamonds now 34.2%. The significant copper interest has gone. You'd think this would be outperforming the Mining Index with the PMs instead of falling behind.

[celeritas] 11/2/2016 12:17

The yield could half and still be huge in todays climate.

[celeritas] 11/2/2016 12:12

zinc is up over $200 from it's low.
I agree Aleman, brci always trades around or slightly above it's nav yet brwm is well under. This should be in the late 190s to level the playing field.
20% of the assets are in Gold which is doing quite well of late.

[rcturner2] 11/2/2016 10:44

For me the discount increasing implies that the sector is becoming less loved in the eyes of investors.

According to trustnet of 14 specialist resource trusts, 8 have bigger discounts than BRWM, so not sure why you think that other trusts are trading close to NAV.