Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock World Mining Trust Plc LSE:BRWM London Ordinary Share GB0005774855 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -17.00 -2.64% 626.00 859,049 16:35:01
Bid Price Offer Price High Price Low Price Open Price
627.00 629.00 651.00 599.00 651.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 46.51 43.92 22.46 27.9 1,150
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 UT 85,493 626.00 GBX

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2021-06-15 15:35:01626.0085,493535,186.18UT
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2021-06-15 15:29:56629.00637.74AT
2021-06-15 15:29:01628.771,0006,287.70O
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Blackrock World Mining Daily Update: Blackrock World Mining Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BRWM. The last closing price for Blackrock World Mining was 643p.
Blackrock World Mining Trust Plc has a 4 week average price of 599p and a 12 week average price of 550p.
The 1 year high share price is 696p while the 1 year low share price is currently 336.50p.
There are currently 183,750,814 shares in issue and the average daily traded volume is 412,817 shares. The market capitalisation of Blackrock World Mining Trust Plc is £1,150,280,095.64.
plasybryn: Follow up article:Basel III, Gold, The Dollar And The Great Reset By Andrew LaneCommoditiesMar 15, 2021 06:16AM E  Andrew Lane Basel III as outlined in my previous two articles, could lead to a dramatic change in gold prices with a serious fall out in other market sectors. With June 28 2021 approaching where the new NSFR standards become implemented, we look at how the dollar will react, and whether the Basel III implementation is a front for a much bigger macro event.   The most important characteristic of Basel III, the NSFR implemented by the BIS commences on the June 28 2021. The LBMA – who have tried and successfully pushed back for years – have been granted an extension to this (again) however this will likely not matter one iota as banks and countries for that matter are already signing up to compliance. Therefore while an extension has been granted to the LBMA, with the rest of the 63 countries acquiescent, it is hardly an allowance of exemption of the rules.   When considering the fallout this could have, at this juncture there are some analysts that believe this could be the end of the dollar (many still believe the dollar to be on its knees by the end of 2021 regardless of Basel III) and some that still cling on to its stature as the world’s reserve currency and it won’t be allowed to fail. Gold is money, and there’s an argument to say it’s a currency as its value is traded against the US dollar. If you buy gold you are effectively shorting the dollar or betting its value will decrease. Whilst there is obviously more to it than that, fiat currency has and continues to lose purchasing power over the years. Gold has always been a hedge or security against dollar debasing and inflation.   So how will this affect the dollar? Well there is a very interesting situation bubbling away and this comes from China. It is widely known that since the Basel III rules were announced the Chinese have been stockpiling gold. They also mine it so it is impossible to know exactly how much they have but many estimates claim around 20,000 Tonnes – way more than is currently declared. If this is true, it well and truly trumps the USA’s stockpile. China has been trialling their new digital currency and it would make sense that this could be a pretext for a digital or cryptocurrency Gold backed format that will launch to rival or replace the dollar. It is no secret China wants their currency as the world’s reserve and in 2016 the IMF added the Yuan to The Special Drawing Rights basket. (although it sits with others and nothing has happened since) Notwithstanding this, the digital Yuan is ground breaking and could be unleashed as a gold backed currency. At the very least, the Chinese still see gold holdings as sine qua non. Perhaps their gold amassed1§ figure will be disclosed when Basel III is implemented as they see an opportunity to power in before others do.   Putting to one side the rumoured stockpile, China is less and less reliant upon the dollar now, and they are very well placed should it fail. However they aren’t the only big economy that is loosening ties. In the last decade Russia has dumped the dollar and quadrupled its gold holdings with Putin stating Russia is now not reliant on the US currency whatsoever. It is even rumoured there is an alliance between China and Russia on destroying the dollar. If the dollar was to fail and if the last year is anything to go by, the remainder of 2021 could see an explosion in commodity prices. History has taught us that financial systems move in cycles, and the dollar could be in its final stages.   So returning to the upcoming event, back in 2018 the World Gold Council stated that central banks, in response to the Basel III rule changes added 651 Tonnes of Gold to their reserves in 2018. This was a 50-year record. Bear in mind at the time Basel iii rules were scheduled to commence the next year. Before the Basel iii NSFR rules, banks holding Gold was costly and not particularly worthwhile as a Tier 3 asset. Now a Tier 1 asset, Gold is attractive to hold because it can and will be used as security to back lending, and potentially offset debt. Currently and for years the Tier 1 assets have consisted of Treasury Bonds and cash. Fiat as mentioned above loses purchasing power over time and Treasury Bonds come with other problems. Gold however carries no counterparty risk.   We know how manipulated futures markets are when paper trading accounts for more than 95% of market moves in gold. So what happens when paper gold isn’t traded anymore? After Basel III derivatives will still exist in the form of ETFs and such like, but it will push a physical market. The naked shorts have to unwind soon, and the price action over the last week is starting show signs of this. It may well push the end of derivatives as it could prove too costly with the new haircut imposed. So if central banks are full to the rafters with physical gold, countries stockpiling and the world reserve currency plummeting, are we heading towards a Gold backed standard again? Is the great monetary reset hidden behind Basel III? Let’s consider this possibility further.   Debt levels are the highest they have ever been and there is no strategy to suggest that this is going to turn around any time soon. In the US the Fed is printing $120bn a month consisting of $80bn in Treasury debt and $40bn in mortgage backed securities. I don’t think anyone believes the narrative that we are out the other end of this Covid collapse. The world GDP over the last year during lockdowns has tumbled and the jobs lost aren’t reappearing overnight. Economists are predicting anything from 2 to a whopping 30 years before we see pre Covid levels of output again. Whilst figures will suggest at the end of Q3 we have rebounded, we are nowhere near where we would be if Covid didn’t occur. The world has gone backwards, it has cost a fortune to hold together and someone has to pick up the bill for it all. There’s 180,000 small businesses in the US alone that aren’t reopening and have collapsed. At the current levels of treasury yields the US can’t pay back the interest on their loans let alone the actual debt. (Can a country be classed as insolvent?) How can that continue? So has there been a bigger plan brewing in the background for years here that we aren’t being told about? Is Basel iii going to be the answer?   The G20 leaders have been pushing this “Great Reset” agenda for some time. Biden even quoted the authors of the Great Reset with his “Build Back Better” motto. Kristalina Georgieva, MD of the IMF in Washington, even called for a Bretton Woods moment in Q4 of 2020. It would make sense wouldn’t it. Small banks that can’t afford to stack Gold close down leaving the cartel of the big boys to set a minimum Gold price. The higher the price of gold, the less debt the banks have. It’s like monetary magic policy. It’s so brazen you can see it happening.   By the time Basel IV rules kick in (January 2023) gold could have had its second revaluation event. So can you imagine a minimum price of gold, not just once, but twice? Some gold analysts have been touting this scenario for a while now. Why wouldn’t the price of Gold be used to offset debt the banks have? What other options are there? The debt clock in the US currently stands at $28 trillion, and this is not inclusive of the recently signed off Biden $1.9 trillion stimulus. This debt increases by $1 million dollars every 23 seconds. Money printing creates more available money and therefore leads to a weaker dollar. Basel III will lead to less Gold being available to trade creating a very tight supply/demand ratio.   According to almost all reports on net trading figures, less than 1% of traders across the world hold gold in their portfolios. What could the price of gold get to, when paper disappears and this figure jumps to even 3% of physical, let alone higher? It feels like we are on the precipice of huge change here. The banking system is broken and needs a huge overhaul, and this could be it. This Keynesian approach just isn’t working.     Crazy numbers have been thrown around on what gold prices could rise to, and I’ll leave you to form your own opinion on what big industry analysts are predicting. However if we were to remove all the “could” out of the noise around Basel III, one key fact is clear: The NSFR will considerably reduce, if not completely eliminate naked shorting of paper gold by the big banks. They have to have a provable 1:1 ratio of physical gold which will be audited to trade or use it. Paper gold and derivatives will become incredibly expensive and will be traded far, far less. This alone will lead to price discovery, a fair price for Gold. What that price is we will find out on the June 28 2021 and beyond. If the dollar does collapse then we could be talking numbers beyond our wildest dreams. No wonder many big name precious metal analysts are calling this the most significant event of their careers.
masurenguy: Interesting times ! "The Company has a very large exposure to copper which represented 19.2% of the portfolio at the year-end and was the key driver of performance in 2020." BRWM: 4 March 21. "Copper price scales $9,000 after Goldman calls it the new oil." Market Insider. 14 April 21
kenmitch: Brucie5 My thinking fwiw is that now is a bit late to be buying in to the Mining sector. There could well be further possibly substantial gains, but the gains have already been huge and the fab big buy opportunity has gone. Even so RIO is well worth considering.Good chance of dividend increase too. The 3 main Investment Trusts CYN, BERI and BRWM have all doubled or more since this time last year. So CYN dividend now 4.3% was 8.6% a year ago. Ditto BRWM just 3.4% now and 7% then and BERI 4.3% now and then 8.5%. BRWM discount has gone but BERI still 6% and CYN (less mainstream) 15%. Hard to choose the best of the 3 but BRWM is a good way in to a bit of RIO and BHP, their two largest holdings. EVRAZ (Stockopedia 98) 597p divi 8.9% is worth a look. But again it’s up 150% in a year 600% over 5 years. Still even after the big gains a big dividend. It’s just gone ex dividend unfortunately. FXPO 353p(Stockopedia 98) Dividend 6.8% excluding frequent specials. Results and perhaps another special, next week. But up 300% since this time last year and multi bagger over 5 years. CAML 256p (Stockopedia 94) Results soon. Dividend 4.74%. Possible increase. But yet again has doubled since this time last year. The gains show why though liking the likes of JAY too it’s best not to lift other gift horses in the mouth while waiting endlessly for progress from early stage Miners and early stage shares in general. For some reason a lot of private investors are addicted to hope shares. This applies to shares like EDEN. Fans have been certain of real progress for around 20 years. They miss a lot of MUCH better investment opportunities while waiting and don’t seem to realise that even FTSE100 shares and also Investment Trusts can, and do, multi bag. And some posters on such shares (not you Brucie!) won’t tolerate a word said against them. Sorry this reply isn’t much use and is off topic, but the few readers of this thread might see something that looks worth checking out, or thinking about.
brucie5: Thanks Ken. I'm thinking of decamping some in my income folio to catch the larger yields in discrete miners. RIO a case in point at 8%. But also APF, at over 6%. The advantage of holding BRWM has been that I haven't had to worry about holding it through the lows. What's your thinking?
kenmitch: Brucie5 The dividend is “miserly” for those looking to buy now. It was not miserly before the share price soared. The Investment Trust portfolio on Mike Walters website bought BRWM for just 220p just after the lows of the extreme Mining Bear market. At that price the dividend yield even after the cut for the Final from 10p to 8.3p would still be 8.5%. S So BRWM no longer has the bonus plus of a very big yield. And the big discount to NAV has gone too, along with obvious strong buy opportunities. BRWM explained the reason for the cut. It was far fewer special dividends from their invested Companies. With Mining Sector booming now there’s a very good chance of dividend increases ahead.
poikka: Bit of a lengthy read, but worth the time, imo. Holders of miners have made good profits recently, capital growth and divis, so I wouldn't be surprised at profit taking; I took some here myself not long ago. I'm never really surprised at any sudden changes in outlook, but other than an unexpected slowdown in recovery from covid, I struggle to see why demand should fall by much, if at all. The story about China telling steel mills to shut because of pollution seems to me to be more propaganda than anything; steel still has to be produced. Only thing I'd say is that with BRWM reducing the divi, they've taken away a reason for holding these rather than investing directly in the miners.
poikka: Be kinda odd if it didn't respond in kind. I see Wheaton's increased its divi by some 30%. Nice, but then its share price is down some 20% over the year :(. This super-cycle stuff the financial press bang on about: I don't know about that, but it does seem as if the price of IO and Copper, at least, will hold up well given the supply and demand picture. China really has to keep constructing, and the RoW will do much the same for the immediate future. Plus the catch-up as the virus eases and life returns to some sort of normality. Then there's the cost-cutting that took place some years ago. Margins are brilliant and production can't be increased quickly. I see the same happening to big oil. So commodities aren't really something to be out of - IMHO
spangle93: Didn't see the results issued at 8pm last night! hTTps:// Contrary to your hopes, the final dividend is lower than last year's The Board is proposing a final dividend payment of 8.30p per share for the year ended 31 December 2020. This, together with the quarterly interim dividends, makes a total of 20.30p per share (2019: 22.00p per share) representing a decrease of 7.7% on payments made in the previous financial year and, as in past years, all dividends are fully covered by income. In accordance with the Board’s stated policy, the total dividends represent substantially all of the year’s available income. Subject to approval at the Annual General Meeting, the final dividend will be paid on 6 May 2021 to shareholders on the Company’s register on 19 March 2021, the ex-dividend date being 18 March 2021.
jong: Anyone know when BRWM are going to announce the next dividend ? Seems later this year than previous years ?
digitaria: BRWM is not all about precious metals. It has greater exposure to diversified mining companies. Its income will lack special dividends from the big miners, assuming those do not pay specials in the near future, but FWIW the expected yields from RIO and BHP remain higher than the yield from BRWM. Regarding valuation, BRWM remains at a small discount to NAV, though in fairness that discount was much larger in the past.
Blackrock World Mining share price data is direct from the London Stock Exchange
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