Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Great interview just after 9 on bloomberg this morning. Sees oil back at $100 later this year and commodities supercycle still well underway. Important day today imo with China beat overnight
Hi Steve. I wouldn't like to waste my time, or yours, by typing out stuff that does not interest you, so it would be helpful if you could tell me what you see as the difference between "help", "advice" and a "tip" so that I can offer the sort of advice you asked for rather than give tips.
For example, after this went a touch above 700p, you asked if you had missed an opportunity. I said that I made more money from buying shares that were going up than from shares that were going down. Was that "advice", which you had asked for, or was it a tip to buy BRWM - I don't know.
Whichever it was, you seem to have followed that advice, since you could have bought at under 710p, didn't, but then bought at 750p, so you saw the wisdom of buying a share that was going up.
I didn't see mentioning PXC as a tip. You had said you needed all the help you can get and when BRWM had just hopped a little above the 700p level, you said you might look elsewhere.
That was why I mentioned PXC, but I didn't tip it in the way that Investor's Chronicle has tips where they say buy, sell or hold. I didn't say buy, I merely suggested that you might want to look into it, since you had asked for help, and if you had looked into it, read a bit about the company and then decided to buy, then you would have been acting on your own decision, not on a tip.
Noel took the plunge yesterday at 750p better late than never although think my blackrock smaller companies at 1380p will do better in long run and sorry not into tips
I took my profit in PXC today - up by over 30% in less than two weeks. I hope you jumped in when I tipped it.
Great buying opportunity today - 726p. I doubt we'll see a better one in the weeks ahead.
Steve - re: "This is going like an express train I'm not in missed the opportunity ??" If you think you have missed he boat with BRWM, might I suggest taking a look at PXC - copper, zinc, gold, silver, molybdenum and tungsten. I think it is one that others haven't yet spotted.
... but it won't go up in a straight line (you knew that) so buy on the dips but don't expect to see 695p again.
" the bigger the formation is, the larger the potential advance" - could we see 900p within the next three months? I think it is a certainty.
Saudi Arabia Looks To Invest In Mining Assets To Secure Critical Minerals
https://www.zerohedge.com/energy/saudi-arabia-looks-invest-mining-assets-secure-critical-minerals
" the bigger the formation is, the larger the potential advance" - could we see 900p within the next three months? I think it is a good possibility.
I can't find any articles that link the two patterns.
This interested me - about coming out of the double bottom reversal -
"7. Resistance Turned Support: Broken resistance becomes potential support and there is sometimes a test of this newfound support level with the first correction. Such a test can offer a second chance to close a short position or initiate a long.
8. Price Target: The distance from the resistance breakout to trough lows can be added on top of the resistance break to estimate a target. This would imply that the bigger the formation is, the larger the potential advance."
from -
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:double_bottom_reversal
The article has a couple of sample charts that make it easier to see what they are talking about.
I've just noticed that there is a double bottom reversal on the price chart. Click on Price Chart", then "Historical Charts" and click on '2Y'. Do you see the "W" in the right-hand third of the chart? I didn't spot it before because the two bottoms (on July 13 and Sept 28) are not level.
The BHP chart shows the same double bottom reversal, but here the two bottoms are level. Click on Price Chart", then "Historical Charts" and click on '2Y' see the "W" and the two bottoms at July 13 and Oct 31.
Back to BRWM - so we had a double bottom reversal (bullish) followed by a flag pole and flag (bullish). I have not seen this before so I need to do some reading to see if this has any significance or if it is irrelevant.
This is going like an express train I'm not in missed the opportunity ??
800p plus would be grand. Having done quite a bit of research here and there it does seem like we're at the start (or just past the start) of a commodities super-cycle - albeit one with a green tinge.....
Commodities are going to be a good buy for 2023 ...especially once China gets through the winter and the US start their Infrastructure spending ....
Now cleared 700,looking for a retest of ATH at 805
I'm beginning to think your right I missed a buy order on I think first Monday of November by 2p think that was 605p forgot about it came back two or three weeks later and it was nearer 700p so my head's not in a good place but hey ho it was going to be a 2% add on to my pension can't make up my mind what to do now as I don't see it as such a come and get me price anyway noel best of luck in your portfolio
I'm going to stick my neck out here and make a bit of a reckless forecast - that today's dip to 695p is the best buying opportunity we will get before it takes off.
I forgot to say - was looking at the 2Y Historical chart and I think the rise will be about 130p, so I expect 830p fairly soon.
SteveE60 says "It's bounced off 700p I think 3 times now so it will either retrace to 635p in which case I will buy or go on though 700p in which case I will look elsewhere" - so I'm assuming that you look at the price chart Steve.
I think that from 18 Oct to date - that could be a flag pole and flag, which usually results in a jump higher and the jump is equal to the height of the flagpole.
https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx
However, two caveats - I'm not 100% sure the rise is vertical enough to be considered a flag pole, but I'm am 99% sure it is.
Secondly, as you say bounced off 700p three times - the top of that flag is quite horizontal and usually the flag is a pennant with the top edge sloping downwards. I don't know if that matters.
I would gamble on it being a flagpole and flag and it will jump up. With regard to your comment "or go on though 700p in which case I will look elsewhere" - we all like to pick up a bargain, but I have made more money buying shares that are on the way up than I ever made trying to pick up bargains (in over 30 years of share trading). "Go with the winners" works, so I would l say, if it goes through 700p - buy, jump on the escalator and enjoy the ride up.
However, if you do go elsewhere because you know of better investment, then good luck to you and please drop us a hint as to what it is. :-)
It's bounced off 700p I think 3 times now so it will either retrace to 635p in which case I will buy or go on though 700p in which case I will look elsewhere
I went to a presentation at Investors Chronicle a few years ago where Evy Hambro was presenting. He looked a bit beleaguered as his fund had been hit quite badly but I bought in shortly after. Commodities are a cyclical play and I am holding on whilst taking the excellent dividend on the way. Imo this still has legs, especially once China get back on line
Dividend Information is found here ...
https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-world-mining-investment-trust/trust-information?userType=individual#latest-company-announcements
Latest Dividend Declaration
https://www.blackrock.com/uk/solutions/investment-trusts/company-announcement?resourceId=PRNRNS_202211160935PR_NEWS_UKDISCLO_0091&sessionId=85C9197BB7AA87974FD5E811B3ACA1D2
Currently 5.50p payable on 22 December 2022 with ex-dividend date being 24 November 2022
Do you know the next ex dividend date
Thanks for posting noel I need all the help I can get