Member Info for 2227

$1745/oz.

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)

Gold price inching towards all time high reached in 2011.

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

"it could take up to 5 years before the coronavirus pandemic is under control"

If that's the case then we're left with only one option and that is the herd immunity. No other choice.

Hopefully.

This article was published on 20th July 2017 I think.
??????????? 20.07.2017 05:02

Production at over 80,000 ounces, gold st $1700 and AISC of just $833 /oz SHG could be on the verge of re-rating IMO.

articles.mercola.com
Evidence Showing SARS-CoV-2 Is a Lab-Created Virus
Analysis by Dr. Joseph Mercola

https://articles.mercola.com/sites/articles/archive/2020/05/03/is-the-new-coronavirus-created-in-a-lab.aspx?cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20200503Z2&et_cid=DM527860&et_rid=863521034

Or maybe they're hatching another deal??

Are they trying to punish the shareholders for not supporting their deal. Clearly the delay in reporting is affecting the share price.

An old story from the past week.

" delayed at the request of our auditors"

This is not good.

The board was duty bound to inform the shareholders in advance about this delay by RNS and not by an email to a certain individual.

The board should was duty bound to inform the shareholders in advance about this delay by RNS not by an email to a certain individual.

"Companies House may grant those who apply, an extension to file company accounts. "

They don't force them to delay results.

Financial Reporting Council

19 March 2020

"Due to the current public health situation and the impact of Coronavirus (Covid-19) on companies (e.g. self-isolating), Companies House may grant those who apply, an extension to file company accounts. "

A normal company would inform it's shareholders weeks in advance if they want to apply for an extention

" normally if you have bad news you get it out as quickly as possible. "

There's nothing normal with this BOD, but let's hope for the best. With the gold price at $1700 what can possibly go wrong.

Barclays tried to reassure the investors, lloyds as usuall done the opposite and have taken the other bank shares down with them. This bank clearly doesn't work for the benefit of shareholder at all IMO.

last day of April and still no results?