Merrill Lynch World Mining Share Discussion Threads

[arja] 08/11/2007 12:29

MLW still seems to be a buy at 716 as lagging %increases in it's portfolio. Also, MLWT has no time value but difficult to trade online if etrade is your broker - even impossible to sell on phone as long queue!!!!

[arja] 08/11/2007 11:41

had a mid morning bath and what a nice surprise on retyrn. resource stocks rocketing !

[arja] 05/11/2007 12:29

silver has nice looking chart and usually follows gold price

[anubus] 01/11/2007 18:22

anyone got any comments on silver??? money week are very strong said more or less that the performance of silver will be recorded in the history books.
does mlw have any holdings??? looking at silver it seems to have well under performed gold????

[arja] 01/11/2007 07:57

bigger discount to NAV at present !!

[bionicdog] 31/10/2007 17:17

Noooooo!!!

[teh_doctor] 31/10/2007 16:48

treeshake?

[bionicdog] 31/10/2007 16:43

I'm never wrong , it's just a temporary blip due to general market conditions. :o)

[anubus] 31/10/2007 16:33

wrong I guess............damn.

[bionicdog] 29/10/2007 13:26

Jusy my personal feelings having fallen out of bed. We will probably see if I'm going to be correct when Wall Street opens.

[anubus] 29/10/2007 13:22

bionicdog what makes you believe that we will hold £7-00. This is not a critisism but an interest in the rationale and whether it fits in with my thoughts. Ive just dumped a load of dosh into PHAG it is so far behind Gold and most other metal movements I just had to do it.I notice some of the shorters reckon we are in a commodities bubble????

[bionicdog] 29/10/2007 08:20

Great stuff , it'll hold £7 this time as well.

[ex pat2] 12/10/2007 20:48

LOAFOFBREAD

Unfortunatly the warrants issued at launch elapsed worthless

[jimcar] 12/10/2007 17:59

Yes they can go back into circulation. For example they could be given to directors exercising their options or given to investors converting their warrants

[anubus] 12/10/2007 16:54

can anyone explain the shares held in treasury.
can these be brought back into circulation?? or are they effectively off the table.???

[b00m] 12/10/2007 11:00

I thought that too. The 2009 conversion is at a much higher exercise price than Feb 2008 (565p against 478p Feb 2008) so there is potential for a big downward lurch in the warrant price the moment the 2008 exercise option is gone.

Anyone intending to hold through the Feb 2008 date needs to watch the share and warrant prices and consider carefully what's likely to happen immedately after.

And if the answer is to get out, don't leave it till the last minute.

b00m

[archieandrews] 12/10/2007 08:24

there was very little advance notice of warrant issues the last two times, so we will just have to wait and see i suspect. however, as the current warrants have a second conversion date in february 2009 it seems unlikely to me that they will issue more in the near future.

[loafofbread] 11/10/2007 12:10

Thanks.

I'll see if I can find them.

[idioterna] 11/10/2007 11:23

Does anyone know if there will be a new issue of warrants in March?

[archieandrews] 10/10/2007 19:37

>loaf

i have been following mlw and its warrants for several years and am not aware of any valid warrants other than the current issue which was distributed free on a 1 for 5 basis in march 2006. there was also an earlier distribution in 2004 but these have lapsed. wouldn't hurt to contact the managers though i guess.

[b00m] 10/10/2007 13:00

Well I'm trading the warrants but I don't know if it's those from the same batch as you were issued with, or some a subsequent issue.

You need to find them and look at the exercise date.

If they haven't expired, they are (today) worth £2 each. Expect that value to yo-yo on % differences about 3x greater than changes in the underlying share price.

These have been very profitable to trade recently if you were reasonably on the ball spotting the peaks and troughs.

b00m

[loafofbread] 09/10/2007 15:20

I think I bought these when they floated 10? years ago. At the time I believe you got 1 warrant for every five shares. I sold the shares in 2000 but ignored the warrants.

Are they still valid if I can find them or am I getting this mixed up with something else?

TIA

[arja] 03/10/2007 07:51

yes , discount may be unreasonably wide even after the tumble yesterday. NAV probably now about 730p or so I guess . MLW share price still fell sharply fron it's 883 peak along with all metal stocks . Hopefully a recovery today !

[scatty] 02/10/2007 19:12

The first time (undiluted) NAV has breached £8 - as MLW has been buying stock, the impact of warrant exercise will be minimised. The discount has widened, as the share price has anticipated mining equities coming off the boil a bit after recent runs. Compare the almost 50%+ moves in BLT/RIO recently - there has not been such follow through in MLW. Despite recent rises, still looks attractive IMO.