Cqs Natural Resources Gr... Share Discussion Threads

[washbrook] 19/11/2009 21:52

COMMODITIES PERFORMANCE-(Current nav discount or premium)
CYN(-17.36%)-BRWM(-17.58%)-BRCI(+0.58%)-GPM(+15.16%)

[silverjackass] 19/11/2009 10:02

THE ratio US $ GOLD and EURO GOLD.
The maginot line looks like it is 1.5
If that breaks upwards.
The US Dollar should fall a lot.

[silverjackass] 17/11/2009 17:43

October was one of the more volatile months of the year with sharp fluctuations recorded across many markets. Wall Street, as measured by the Dow Jones Index, best exemplified the situation with rises or falls of 100 or 200 points almost considered normal. Given that background, natural resources showed surprising resilience although there was an element of profit taking seen in some of the major stocks. The gold price not only managed to consolidate at the US $1000 level but gave every indication that it could well move into a new all time high territory. Gold-sensitive share prices were little changed, which some commentators found surprising, however in local currency terms, the gold price has been largely unchanged. The uranium market received a fillip when the main shaft at Olympic Dam was extensively damaged and BHP declared force majeure on spot deliveries. Somewhat surprisingly, the prices of Extract Resources and Kalahari Minerals fell during the month and in spite of the remarkable results still emanating from the Rossing South project, some profit taking had to be anticipated.
There were a number of reports issued during the month outlining the prospects for the rare earths markets. Increasingly the message seems to be that China, appearing to have nearly cornered the world market, is fully aware of the paucity of future supply and will increasingly look to its own usage. This is likely to remain an exciting market and we are very happy with the Trust's holdings in Neo Materials and Lynas Corp. The asset value and share price were little changed month on month, which given the general uncertainty, was no mean performance

[washbrook] 17/11/2009 14:38

NAV = 214.44@13.11.09
SP=182.5p
discount 14.9%

[washbrook] 16/11/2009 10:31

I have been concentrating on S&P 500 reletive to gold.
From here if you are heavily weighted in Gold & resource stocks.
A good hedge is buying a covered warrant put on S&P 500- say expiry June 2010
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If you look at S&P 500 the current yield is 1.7699% which gives a dividend of 19.34
The median average is for a dividend of 42.05 which would give a yield of 3.846%
That would give you S&P 500 502.86 a drop of 54% from the current level.
I know that the US and Fed want people to get rid of their cash & speculaten or buy goods ,But inflation is going to rear it's ugly head some time within the next 12 months.
Then if the US $ keeps heading for 60 on the US $ index currently at 75.
The fed will have to raise interest rates to protect the BOND MARKET-Then woosh.
WILL SHALL SEE,

[washbrook] 16/11/2009 10:08

jonnyboy1
Still not got my exercised warrants.
I have been assured they will be in my account shortly.
US ,Yen and £ gold posted the high for the year this morning.

[jonnyboy1] 15/11/2009 09:01

hi frank,

thanks for the reply. I am just back from hols and did'nt log in again, nice to see that gold is up and the cyn shares are in my account

cheers
Jon

[washbrook] 11/11/2009 14:33

FROM Page 12 of company accounts 2009.:-
Share Capital
The Company's authorised share capital is divided into 62,924,229 shares of 25 pence each all of which are
issued and fully paid. The Company has 3,932,914 warrants in issue. The ordinary shares give shareholders
the entitlement to all of the capital growth in the Company's net assets and to all the Company's income that
is resolved to be distributed. Each warrant confers the right to subscribe for one ordinary share of 25p at 85p
on 31 October 2009 or, if later, thirty days after the date on which copies of the audited accounts are
despatched to shareholders. At 30 June 2009 the Company also had bank borrowings of £12 million which
rank for repayment ahead of any capital return to shareholders.
Business
---------------------------------------------------------
Therefore all warrants have been exercised
--------------------------------------------
Today's company announcement:-


3,932,914 ordinary shares of 25p each have been admitted to the Official List,
this is following the exercise of 3,932,914 warrants. Trading on these
additional shares is expected to commence on 13 November 2009 at 8.00am.
Following this listing there are now 66,857,143 ordinary shares of 25p in issue.


The above figure (66,857,143) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, City Natural Resources High
Yield Trust plc under the FSA's Disclosure and Transparency Rules.

[washbrook] 10/11/2009 21:12

I looked at the graph for the unit trust Blackrock Gold & General.
The top holdings are:-
Newcrest Mining =8.2%
Kinross =8.1%
Fresnillo =6.0%
Newmount Mining =5.7%
GoldCorp = 5.5%
Minus Buenventura =5.3%
Rand Golg 4.9%
Lihir Gold = 4.4%
Anglo Gold Ashanti = 3.8%
Gold Field = 3.7%
total =55.6%


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CLICK GRAPH TO EXPAND

[washbrook] 10/11/2009 16:37

CYN
LATEST NAV(6.11.09) 210.01p
SP=172p
discount 18.1%
--------------------
Blackrock World Mining
BRWM
LATEST NAV(6.11.09) 604.78p
SP=506p
Discount 16.3%
I hold both BRWM is my biggest holding
but I prefer CYN in the long run.
Interesting podcast on Financial sense 3rd hour about rare earths.
China owns 97% of the worlds resources.

(3rd hour half way)

[washbrook] 10/11/2009 11:40

martincc.
Will you let me know when your shares for the warrants are in your broker portfolio.
My view is yes.
Noticed Golden Prospects (gpm)up 3p on very little turnover.

[martincc] 10/11/2009 09:37

I exercised my warrants OK and intend holding on to the CYN shares.

Washbrook, do you think it is likely they will issue a new set of warrants?

[washbrook] 07/11/2009 12:57

NAV=203.62(4.11.09)Share price=170p
Discount 16.5%
BRWM is on a 14% discount at the same date.
Therefore the bigger companies have done better this week.

[washbrook] 06/11/2009 07:53

Gold is £658 per ounce.(at 6.30am)
Gold in 1980 the average was £615 per ounce.
The Pound in 1980 the average RPI was 66.02
THe last calculation of the RPI is 215.3
Therefore gold(UK GOLD)£2145.8 to equal gold in 1980 sterling terms.
The pound in 1980 terms is worth 30.66p
We had rampant inflation from about 1968 to 1990
See table:-
Note I have to update from November 2008)
---------------------------------------
Now lets have a look at US$ gold
On January 21st 1980 US$ peaked at $850.
The CPI was 77.8 At September 2009 it is 215.969
US $ gold would have to be $2359.5 in 1980 $ terms.
The 1980 US $ is now only worth 36.02cents.
------------------
The pound over the period has faired worse than the US $.

[washbrook] 05/11/2009 16:55

PERFORMANCES this year to 4.11.09
THIS STOCK CYN up 117.25%
FTSE100 up 15.19%
£ gold up 11.57%

[washbrook] 05/11/2009 10:13

------------------------
Updated 10.11.09
Had terrible trouble with them.
Spoke to our friend at the ncim.
Managed to extend the exercise till last Friday.
Made countless phone calls to them & the registrars.
A long story If you want furher info.
email me.
Rather upset me I have an illness and in remission.
Feeling fine though.

[jonnyboy1] 05/11/2009 01:14

hi washbrook, i am still on hols in the phillipines so staying away from the internet although it is nice to log in and see gold pushing 1100.

any news on the warrants?

cheers
jon

[washbrook] 03/11/2009 09:14

I noticed that the SG Covered put warrants for the S&P 500 andFTSE100
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Biggest gainer -S&P 500

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Biggest gainer on FTSE100

[washbrook] 03/11/2009 09:05

I have created a table with the price of Gold in various currencies.
It will help track the weakening currencies against real money-GOLD)

[washbrook] 03/11/2009 00:26

Looking at the gold positions.1000 being the year high.
US $=996
Aussie $=766
Canadian $=928
Euro=926
British pound=972
Japanese Yen =995
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I noticed the S&P 500 did not move up much to close at a critical juncture.
Maybe the US wizard has a difficult time ahead.
A strengthening US $ will only make matters worse.
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CLICK GRAPH TO ENLARGE
@2.11.09 The S&P looks critical a fall below 1025 .How far down -maybe 880 next stop.
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At the present time the US $ index is at 76.29.
Tuesday should be an interesting day,

[washbrook] 02/11/2009 15:33

The US $ and Yen are weak now.
So much for the pundits saying the US $ oversold.
Maybe it is but there is not much strength.
Tried to buy some more CYN at 165p alas they have marked them up.
Closed my Covered Ftse100 put warrant this morning.
(Maybe that was a mistake?)

[washbrook] 02/11/2009 10:55

PERFORMANCES:CYN-BRCI-BRCWM-GPM

[washbrook] 02/11/2009 09:55

Gold up in US $/Yen$/A$/CAD/Euro/£