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Room for another divd hike, too, no doubt - sasa.
I reiterate my view - BRWM 800p by Christmas, and possibly sooner.
Iron Ore, Steel Hit All Time High As Monster Commodity Rally Breaks Records
https://www.zerohedge.com/markets/iron-ore-steel-hit-all-time-high-monster-commodity-rally-breaks-records
I reiterate my view - BRWM 800p by Christmas, and possibly sooner.
https://ca.finance.yahoo.com/news/palladium-surges-toward-record-high-122940361.html
https://www.mining.com/copper-price-scales-9000-after-goldman-calls-it-the-new-oil/
"The US has a metals problem"
https://aheadoftheherd.com/the-us-has-a-metals-problem/
Hambro's view is that demand for many commodities – the likes of lithium, iron, copper and nickel – will soar on the back of a recovering world economy with one eye very much on green issues.
Time to sell? No. Time to by. Soaring demand for metals. Base metals will outperform gold. 800p by Christmas.
In the media, time to sell?
A Good holding bought before but better return now in the individual shares - think over ramped but time will tell!
the copper market is heading for a severe supply shortage due to a perfect storm of under-exploration/ lack of discovery of new deposits, clashing with a huge increase in demand due to electrification and decarbonization
https://aheadoftheherd.com/copper-shortage-narrative-goes-mainstream/
I've been watching the discount narrow, too. Whilst the SP is up around one-third since 23/9, the NAV is still up around 18% over the same period, so yes: a decent portion of the rise over the last three months can be attributed to a narrowing discount, but the NAV has still grown 18% over three months, so this still looks decent IMHO.
Conversely, I talked myself out of an investment in BSRT. Whilst the figures look stunning on the face of it, the rise in it's SP can mostly be attributed to the discount narrowing: NAV hasn't moved much at all. Much better off with BRWM, IMHO.
The next dividend will be the big one, so doubtful people will take profits yet. Probably a sharp decline after March ex-dividend day. Wish they would level the dividends out a bit more.
This has been a good performer over the last 6 weeks.
I wonder where the rise will stop?
I have a feeling that the London Stock Exchange is being corruptly run by criminal individuals for their personal gain. The logical attacks on certain sectors at a regular interval are too pronounced to be accidental. Banks this week, house builders the next, then retailers, etc. There should be a lot of sackings of top management to clear the rats out.
The whole system is corrupt and how the Asian market can affect a share like Persimmon really takes me to the cleaners. it even affects the National Grid. do they really think investors are completely stupid?
It wasn't exactly the company that lost money, just the share price, which is basically a kneejerk reaction by the MM to stop everyone selling every holding they have. Certainly correct in that these are the times to buy.... if you have cash available.
Incidentally, I was trying to add to my holding in BRWM for the last two days and was unable to buy anything without putting a trade plan in. I think someone must have a big order in at a certain price. They don't want other people buying until they let the price go back up.
There was a gut wrenching blip in the price of these shares back in March which was very sobering. It just goes to show that even a solid, well run company, with large holdings in gold can still lose money when a panic is on. It may happen again! However, if it does, I will certainly load up on some of these shares!
"The fortunes of the mining sector are often associated with economic growth but On the BlackRock World Mining Trust plc, we believe the inherent strength of mining companies has been widely underestimated. "
Gold
"The Trust also includes a weighting in gold companies. Gold has been a beneficiary of the recent turmoil in markets, as investors have worried about the impact of their stimulus measures on the value of currencies and financial assets. Gold has preserved its value over the long term, which is an attractive quality in today's uncertain environment. The opportunity cost of holding gold – because it pays no income – is also greatly diminished at times of lower interest rates. Around 40% of the portfolio is currently exposed to companies in precious metals, of which 90% is gold."
https://www.blackrock.com/uk/individual/products/investment-trusts/our-range/blackrock-world-mining-investment-trust/trust-information/insights/mining-resilience-amid-crisis
NAV likely to be well above 460p tomorrow. All their holdings seem to be rising today.
Net Asset Value(s) - RNS
The unaudited net asset values for BlackRock World Mining Trust plc at close of
business on 14 May 2020 were:
372.73p Capital only (undiluted)
379.88p Including current year income (undiluted)
In contrast to other major sectors, the mining sector entered the crisis in relatively good shape. The major diversified mining companies have dramatically improved their balance sheets in recent years and today hold less debt and more cash. This means they are in a better position to weather disruption from COVID-19.
This has important implications: in general, they don’t have to go back to financial markets or governments to ask for more money to stay afloat. That leaves them as masters of their own destinies and it also means they have the wherewithal to continue paying dividends.
The Trust also includes a weighting in gold companies. Gold has been a beneficiary of the recent turmoil in markets, as investors have worried about the impact of their stimulus measures on the value of currencies and financial assets. Gold has preserved its value over the long term, which is an attractive quality in today’s uncertain environment. The opportunity cost of holding gold – because it pays no income – is also greatly diminished at times of lower interest rates. Around 40% of the portfolio is currently exposed to companies in precious metals, of which 90% is gold.
https://www.***************************/mining-resilience-in-a-crisis-blackrock-world-mining-trust-plc/412820411
With an NV of 396 buybacks healthy profits and dividend why is this shown with negative earnings and pe!