Merrill Lynch World Mining Share Discussion Threads

[ian davenport] 18/6/2007 09:08

interesting that the price is 6-7 p off today considering that news. - i've just bought some more

[archieandrews] 18/6/2007 08:46

new bhp boss looking at alcoa. mlw has big stakes in both. keeps the pot boiling.

[arja] 16/6/2007 15:31

but often runs at a big discount and has been at 70p or so at times. hard one to pick for a quick trade but a big move today ! warrants seem to trade at a discount at times ! What I can not work out is why the base metal stocks so strong lately as base metal prices fall !!

[buffin] 15/6/2007 14:54

600 doesn't seem a generous price against the new nav.

Thinking about the warrants, 600-478=122.

That would do to be going on with.

[buffin] 15/6/2007 14:37

Wow

The unaudited net asset value for Merrill Lynch World Mining Trust plc at close of business on 13 June 2007 was:

666.42p Undiluted 636.77p Diluted

The unaudited net asset value for Merrill Lynch World Mining Trust plc at close of business on 14 June 2007 was:

682.65p Undiluted 650.44p Diluted.

[scatty] 15/6/2007 14:34

Good rise in NAV reported today, share price following - discount to diluted NAV over 50p. If/when warrants are exercised next year, has the board indicated they will seek to close the discount with share buybacks from the proceeds, and do the current share buybacks stem from proceeds of previous warrant exercise?

[arja] 14/6/2007 10:43

not for long but maybe still good value !

[buffin] 14/6/2007 08:20

Warrants at a discount.

[jumbo66] 14/6/2007 08:06

great day [hd] through the 6 :-))

[jumbo66] 14/6/2007 08:05

great day [hd]:-)) through the 6

[arja] 06/6/2007 11:34

I guess it MAY be because punters now fear a big fall in metal prices or a rapid fall in resource stocks as is happening today but had no such fear before . Markets always surprise of course !

[archieandrews] 06/6/2007 10:36

beats me. neither can i understand why mlw trades at approaching 10% discount to diluted net assets.

[arja] 06/6/2007 08:43

archieandrews,
i still can not figure out why the warrants used to trade with such a big time value and now no TV ! I was always put off by this and it was why i would not buy the warrants as a tumble in commodity prices would then have made the warrants worth very little quickly . an thoughts about why it is as it is beyond me ??!!

[arja] 05/6/2007 08:49

7p spread on the shares at present . makes it hard to play them with CFD as i sometimes try to do in conjunction with holding the warrants !!

[arja] 05/6/2007 07:55

looks like a firmer bid on warrants at the opening so maybe catching up ! Mms are a real pain and I warrants would trade at a higher value if punters and investors were trading them and no MMs as in OZ . But jobs for the boys mentality and old fashioned ways keeps those MMs in a job!!

[archieandrews] 04/6/2007 17:34

i take your points gurp and i have no idea where the markets are going. as you point out RIO is in play and i would expect the whole sector to get hotter still if anything comes of it. the nav of the shares is lagging the ftse350 mining index by 2 or 3% over the last month so their mix of stocks doesn't seem to have benefited unduly from the RIO situation. i like these warrants, the gearing is high and they are trading at a discount so technically an absolute bargain, which is not to say they might not be an even better bargain in the future.

[gurp] 04/6/2007 16:43

just if the warrants go to a large discount v the ords you don't have the usual solution option to convert.
agree it's value of the ords that's important & they are at a reasonable discount to nav, but suspect some of the recent strength in the holdings are on consolidation hopes, rio in particular.
who knows where this market is going

[archieandrews] 04/6/2007 15:12

i don't see any problem with the fixed exercise date. whenever you get uncomfortable with the warrants just sell them, there's a ready market. with just under 9 months to go it's pretty academic imo, and i'm more interested in whether the market in general and/or mining stocks can continue the present strong run.

[arja] 04/6/2007 13:33

good point - it may be the reason that they do trade at only a slight premium or even a discount as today . I play warrants on aussie stocks and always pick those which can be exercised at any point in time ( so called American warrants!). Gives a feeling of comfort in a way !

[gurp] 04/6/2007 13:21

archie - one thing I don't like with mlwt is that they can only be excercised on specific dates rather than anytime up to, maybe cynical but suspect many may have concern at price movements just prior
I spreadbet mlw

[arja] 04/6/2007 11:53

first time that I saw warrants trade at a discount even after the move to 106 today !

[arja] 04/6/2007 07:20

seems to be the case . A pity it is a MM stock ( my pet hate !) and they can widen spread at will !! BHP up in OZ although RIO was square at finish after profit taking .

[archieandrews] 01/6/2007 21:59

warrant volume has increased although still tiny, spread has reduced, and premium has disappeared. the warrants are better value than ever.

[arja] 01/6/2007 12:55

does look like warrant price could go higher after long period of consolidation. Downsize risk appears limited if MLW share price does go lower in short term as warrants will have time value . I bought a few more today as seemed irrestible !!