Just thought I'd bring mlw and on similar thread mne to your attention

mlw, is basically an IT that invests in the big world mining stocks, it is one of the top performers in its sector and like other mining and mineral followers can see this trend continuing for some years to come. Whilst things look to have rocketed and the dot com boom springs to mind mineral prices are not affecting underlying growth and costs are being absorbed and passed on. Whilst mlw looks a bit heavy, price wise if you look at their performance and the announcement of bonus warrants, now could not be a better time to invest imo.
http://www.trustnet.com/it/funds/?click=top10&fund=18910
http://www.trustnet.com/it/funds/?click=top10&fund=18910

Ellio, I'm way off thread, for which I apologise, but check out MOG - big RNS announcement upgrading resources. Could go ballistic.

DYOR :o)

ST

Thanks ST

Seems like theres still lots of supply problems for commodities, onward and upward?

Merrill Lynch World Mining Tst PLC
11 May 2006

MERRILL LYNCH WORLD MINING TRUST plc

All information is at 30 April 2006 and unaudited.

Performance at month end with net income reinvested

One Three One Three Five
month months year years years
Net asset value* (undiluted) 4.8% 11.6% 108.8% 270.0% 313.4%
Share price* 2.4% 6.3% 105.4% 287.4% 349.1%
HSBC Global Mining Index 10.7% 15.0% 110.9% 238.4% 206.6%

Sources: Merrill Lynch Investment Managers, HSBC Global Mining Index, Datastream

*Net asset value and share price performance includes the warrant reinvestment,
assuming the 2004 bonus warrant entitlement per share was sold and reinvested on
the first day of trading.

At month end
Net asset value
Undiluted: 493.24p Includes net revenue of: 4.03p
Diluted: 484.20p
Share price: 430.75p Discount to undiluted NAV: 12.7%
Warrant price: 49.00p
Total assets: 849.1m Net yield: 0.4%
Gearing: 3.1%
Ordinary shares in issue: 168,298,906
Warrants in issue: 33,659,228






Sector % Total Assets Country % Total Assets
Analysis Analysis
Diversified 49.4 Global 22.6
Base Metals 22.5 Latin America 20.0
Gold 8.7 Canada 17.3
Platinum 6.6 South Africa 12.1
Silver/Diamonds 4.8 Australasia 8.9
Industrial Minerals 4.7 USA 3.8
Other 4.2 Other Africa 3.6
Net current liabilities (0.9) China 3.5
Europe 3.5
India 3.3
Laos 1.6
Indonesia 0.7
Net current liabilities (0.9)
100.0 100.0


Ten Largest Equity Investments
Company Region of Risk
BHP Billiton Global
CVRD Latin America
Falconbridge Canada
First Quantum Minerals Zambia
Impala Platinum South Africa
Rio Tinto Global
Teck Cominco Canada
Vedanta India
Xstrata Global
Zinifex Australasia




Commenting on the markets, Graham Birch, representing the Investment Manager
noted:

The mining sector rose strongly in April, on the back of exceptional rises in
commodity prices. The MG Base Metals Index rose 20.2% over the month, with
copper up 30.7%, nickel up 20.9% and zinc up 20.0% (all in US dollar terms).
The Company's NAV rose by 4.8% (in Sterling terms) with the largest contribution
to performance coming from the UK majors despite weaker than expected quarterly
production data from Rio Tinto and BHP Billiton.

Both Rio Tinto's and BHP Billiton's production shortfalls highlight the problems
being faced by the commodity producers in meeting demand growth. Unforeseeable
events such as inclement weather in Australia, accidents at ports, and
operational problems, meant bulk commodity production in the first quarter
failed to meet the market's expectations. Exports in Australian iron ore were
down 3.2% year on year and coal exports were down 2.0%. As one of the largest
coal and iron ore exporters, this is likely to have a significant impact on an
already tight market and may also increase the pressure on steel producers to
accept higher iron ore prices in the current round of price negotiations.

Global economic growth should be sufficiently robust to ensure that supply/
demand balances in the metals and minerals markets remain favourable. Supply
side disruptions have already impacted the market in 2006, the repercussions of
which should support strong metal prices going forward. Higher commodity prices
have meant many of the Company's holdings are translating their strong balance
sheets and high cash flows into higher dividends and increased share buybacks.
There is also the continued possibility of further corporate activity as mining
companies seek to grow quickly and cost effectively.


Latest information is available by typing
www.mlim.co.uk/its
on the internet,
'MLIMINDEX' on Reuters, 'MLIM' on Bloomberg or '8800' on Topic 3 (ICV terminal).



11 May 2006

Ellio, you have stopped postin - not that I hold this stock...it seems to have risen along with the World madness for metals, probably as a result of the China-effect as they suck-in materials to build their country.
However, I reaqd yr listed Investee-companies and these are the big-boys who will profit from a shortage since they control most of the raw materials. However, if China slows down it is these same co's that will find they have a "new" overcapacity and that should lead to falls in profits as they strugle to maintain production.

I'm invested in minerals, mostly gold and uranium (as I think Nuclear power is this planet's only hope in energy/carbon terms) - but these are tiddlers at present - with the hope they will grow....and it's growth that sp should rise.
Therefore I'm somewhat relaxed about MLW ..((such a shame LSE permits a "W" at the end of an EPIC, since this usually means "Warant"))
.. although I have to admit there is NO sign of China faltering....but I wonder if an investment in MLW (ie Now), isn't taking an excessive risk with the sp having risen so much, even in the last year...which is curious in itself.....er, IMHO.
Any "Buyers" of this stock like to comment...?

{{Please note my comment on "China" refers to the building of the country, roads, property, infrastructure which needs vast amounts of materials}}

-There is a separate issue regarding Chinese Stocks (ie Shares), which appear to have undergone unwaranted growth, rather like our Dot-Com and Bio-tech bubble before. Many Chinese stocks on our AIM market are at hefty prices IMHO, for companies with little trading/reporting (under UK scrutiny) and I hope investors are fully aware of the potential for disaster.

Hi hangon,

Thanks for the post, yes I did stop postin for a while, got a little disenchanted with the market and postin.

Anyway, If you've noticed I've started again and like some have had great sucess with my beloved SVE, TMC, and Stream(Now NPT).

I personally only see the aim and low cap stocks for short term growth and tend as you'll probably note to invest my long-term monies into IT's, making gains and buying more aim with some of my profits and more it's with the rest.

In particular check out MLCO as alternative play to MLW. mlco I think is broader based, smaller and could be a spectacular earner, others that are steady continues to be MNE(New energy/renewables) and MGE their european growth. I've also added utilities trust (PUT) and bios, UK value and smaller 250/350 caps.