Fresnillo Share Discussion Threads

[isaready] 06/7/2016 14:00

wondering when this will stop going uop

[topicel] 06/7/2016 13:48

Many will have sold Sami, for who even foresaw the Brexit outcome with certainty enough that they wanted to hold at £13 even the day of the vote!

But surely, with hindsight, jumping on board the day after was a no-brainer? And, IMHO still is as the precious metals demand explodes and companies like Fres and Randgold etc. offer an entry level exposure, with dividends, that appeals to stock market players of all types?

The momentum won't be curtailed easily for a while yet, though the recent (ish) highs are finally being tested so a brake may be applied temporarily before we shoot off again towards £30-plus. Don't dismiss the lure of a higher divi if not a special divi this month either...

Topicel

[sami69] 06/7/2016 13:39

Well done to those who held onto their shares since last years £6 - £10 range..
Sadly I was not one of them! Enjoy your profits!

[au24] 06/7/2016 12:34

The Bug
With ever rising POG who can say where FRES will end up!

[the bug] 06/7/2016 11:13

I thought we would see resistance at 2000 for a few days

[au24] 06/7/2016 10:56

Hold as further gains to be made IMO.
What a racer £££;.

[au24] 05/7/2016 11:03

POG rising all the time in the past 24hrs,with Silver falling slightly.

[topicel] 05/7/2016 09:08

The option of a special dividend here is being muted. My preference would still be for a share buy back but, either way, the company will be awash with cash and generating more by the day which investors like in these chastened times.

Let's see how the Yanks open after their fireworks parties...

Topicel

[au24] 04/7/2016 14:58

High close coming up.

[stevenrevell] 04/7/2016 14:40

Thanks top il sit with it ta

[topicel] 04/7/2016 14:13

Why not? Or do you see no more volatility and economic calm ahead? I stated £20 was free run and saw no reason why £30 wasn't possible, plus...

Topicel

[stevenrevell] 04/7/2016 13:41

Do you think we got more up au

[au24] 04/7/2016 12:15

A money making machine indeed,hold your nerves.

[wizard7] 04/7/2016 12:06

50% up in a week or so. Magnificent. Surly time to take profits??

[au24] 03/7/2016 14:41

Top of the tree this past week thanks to Brexit. Keep it up FRES.
Au24 loves you : ¬)

[saturn5] 03/7/2016 11:00

the decent run aint finished yet

[kyoquot] 01/7/2016 09:25

Thank you for your posts Topicel. We certainly are having a decent run, not surprising though in the current circumstances.

[ifthecapfits] 01/7/2016 09:02

I like your optimism.

[topicel] 01/7/2016 08:49

Whilst nothing has come to pass yet, my comments above in post 3770 are still genuinely held.

Even the explosion beyond £20, should anyone be in any doubt and wish to invest a small amount here. Bullion in the Post are currently finding it necessary to advise a delay in sending out customer orders for bars and coins...and silver, just for Chickcrumbs, is fast approaching $20 an ounze...

The bottom line profits of Fres will be huge, and a special dividend is also being muted, I've no doubt, if not a share buyback of billions of pounds worth as just announced by US banks stuffed with cash...

The management have long felt the disconnect between the valuation of Rangold in share price terms is too large and a buyback would address that and return more to investors too...that £30-plus a share is perfectly realistic given the global worries yet to come.

Oh, and QE is rather good for goldies, at least it was in 2008/9!

Topicel

[chickcrumbs] 30/6/2016 09:23

When gold is strong FRES is a gold miner but it looks like it's a silver miner after all.

[enami] 29/6/2016 20:25

TOTALLY OFF TOPIC, EXCUSE ME HAVE TO RANT

[topicel] 27/6/2016 12:10

In 2008 Fresnillo was valued at £1 and early 2011 hit £21, climbing steadily as the banking crisis and related turmoil unraveled.

Since late last year Fresnillo has 'merely' risen from £6 to this morning's price of £15. Percentage wise we have barely started travelling if there is any comparison between the two flights to safety.

Is it wise to not liquidate many financial stocks and move them into the age old safe haven investment instruments?

Will things get worse before they get better? On the above metrics my earlier opinion that there is little resistance up to all-time highs of £20 and above would actually seem too rational and pessimistic. If Randgold can sustain £70 a share (leaving aside obvious market cap and valuation differences), what is to stop Fresnillo moving in tandem to those heights...?

Topicel

[topicel] 27/6/2016 08:33

Their doesn't seem much resistance here until previous highs nearing £20 as the indecision and inaction after the vote is now adding to the general mood of volatility we had been seeing.

Has anyone noticed the increasing adverts by firms like Bullion By Post on UK TV? The Royal Mint too has reported a big surge in the demand for their gold coins and similar products. If we have no prospect of any triggering of Article 50 for around three months then the flight to safety and Precious Metal investments must continue, IMHO.

The key will be the risk of contagion within Europe of another significant country demanding their own Referendum. If that happens then the flight to gold will become a stampede...and the Euro will weaken, even against the pound.

What a mess.

Topicel

[topicel] 24/6/2016 10:29

The silence on this board did suggest many were quietly holding, probably with stops in, in case this happened.

Now it has, the prospects haven't really changed either. The obvious profit taking aside this morning has been taking place but all eyes will now consider the very real prospect of a Trump win in the States. Whither the price of PMs then, and in the lead up?

Interesting times, at the least...

Topicel

[chickcrumbs] 24/6/2016 09:08

Same here I've resisted selling it for weeks now, no skill just procrastination. It's grown into a bit of a nice hedge in my portfolio.