Blackrock World Mining Share Discussion Threads

[poikka] 15/12/2020 11:26

Had a pow wow with myself this morning - what to do about investments, and came to the same old conclusion.

1. Big on 'value' stocks that have been left behind by the rush to new tech.
2. Medium on new tech, but well spread.
3. Big on infrastructure spending - BRWM.
4. Big on inflation hedge for when the money that's sloshing around looking for a home, and presently invested in new tech, ends up in gold - BRWM, again.

Sorted, coffee time!

[poikka] 03/12/2020 16:25

I do like MNKS, less risky than say MWY.

[poikka] 03/12/2020 16:24

As far as I recall, mnks already had stakes in both, so I guess that they mean 'added'.

I've been up to my eyes in RIO and BRWM for ages, and only sold BHP to reduce risk and to diversify a bit more.

[jimcar] 03/12/2020 15:30

On a webinar today Monks IT (run by Baillie Gifford and classic growth investors) said they had just bought RIO and BHP, based on infrastructure spending and constrained supplies.

[madengland_] 03/12/2020 12:15

Well Poikka am guessing you will settle for 20......I doubt we'll get another 30% in 3 months, but admire your optimism.

[madengland_] 02/12/2020 16:29

Well the discount to nav is shrinking whilst the nav moves up. Nice double whammy. I think 2021 is going to be a good story here

[jonwig] 01/12/2020 15:13

FT:

Copper rallied on Tuesday to a seven-year peak after strong economic data from Asia as Goldman Sachs said the world’s most important industrial metal was in the first leg of a bull market that could carry prices to record highs.

Benchmark copper prices on the London Metal Exchange hit $7,719 a tonne in afternoon trading, the highest level since March 2013, after readings on manufacturing activity in China and South Korea surpassed market expectations.

[poikka] 26/11/2020 17:39

I would absolutely agree, Spangle, if it weren't that they're merely adding to the general opinion on inflation prospects.

[spangle93] 26/11/2020 15:25

Cleverer people than me have commented that when Goldman Sachs suggests some commodity will soar or plummet, it often does the opposite.

[poikka] 26/11/2020 15:01

and...

"Goldman Sachs expects gold to break out of its narrow trading range and soar through 2021 as the coronavirus recession gives way to higher inflation.

Bullion has hovered around $1,900 per ounce after its summer rally to record highs fizzled out in August. US election uncertainty fueled a brief rally, but new hope for a virus vaccine pushed investors out of safe havens and into riskier assets. In the near term, gold doesn't have a clear catalyst to lift or drag on prices, analysts Mikhail Sprogis and Jeffrey Currie said.

Yet the precious metal is poised to break out in 2021 as inflation concerns take center stage, they added. Goldman holds a $2,300-per-ounce price target for gold, implying a 22% rally from current levels over the next 12 months. Such a bounce would also place bullion at an all-time high."

[jonwig] 26/11/2020 08:16

AEP in the Telegraph:

Goldman Sachs is replaying its best-selling hit: it has just proclaimed the start of another commodity supercycle.

We are in the very early stages of a supply crunch that will last for years and ultimately drive resource prices through the roof - or so goes the argument.

A global monetary and fiscal reflation boom will collide with the delayed effects of chronic under-investment in oil, mining and agriculture over the last decade.

The bank’s commodity chief Jeff Currie - the world’s most closely followed energy guru - says we are entering a new phase akin to the pre-Lehman noughties when the industrial revolutions of Asia were devouring resources and raising fears of peak oil, peak copper, and peak food.

[poikka] 24/11/2020 18:09

Still a solid bet.

""The shiny metal has fallen out of favour because of reduced demand for haven assets as investors look forward to more normal times ahead in 2021 with the developments of the vaccines," ThinkMarkets analyst Fiona Cincotta said, but added the precious metal's outlook is not all gloomy.

"With a recovering global economy, jewellery demand should pick up to offset some of the weakness arising from the investment side. Inflation is expected to pick up sharply if the global recovery accelerates. This should be good news for gold, traditionally a good inflation hedge."

[davebowler] 18/11/2020 11:24

The unaudited net asset values for BlackRock World Mining Trust PLC at close of
business on 16 November 2020 were:

473.36p Capital only (undiluted)
483.63p Including current year income (undiluted)

[davebowler] 17/11/2020 16:54

GPM looks a bargain at a big discount to NAV

[madengland_] 16/11/2020 14:58

Very comfortable sitting on my holding of these. Diversified, strong balance sheets, 5% yield, good inflation proofing, good gold exposure.

[poikka] 12/11/2020 18:00

Still a good buy with a yield of 5% and invested in companies that'll do well out of post-covid infrastructure spending, and a good hedge to inflation once economies start motoring again.

[masurenguy] 11/11/2020 10:08

Discount to NAV is now 11%.

[poikka] 10/11/2020 09:54

Wheaton divi up 20% - every little helps.

[malcontent] 06/11/2020 15:51

this 420-430 level is key support/resistance if you look back at the longer-term chart

Looks like a break upwards from here is gathering momentum

[madengland_] 06/11/2020 15:46

This is not a COVID test...... but can anyone smell inflation approaching? Amazed and pleased to be buying this at such a discount to NAV.

[poikka] 06/11/2020 10:02

Barrick Gold increased their Q3 divi by 12.5% - every little helps.

[dogwalker] 25/10/2020 18:03

Great : thanks.

[bionicdog] 25/10/2020 13:05

I'll do it tomorrow.

[dogwalker] 25/10/2020 12:59

Yes - the list of top 10 holdings in the header here is misleadingly out of date now, since it relates back to Feb 2018.