Fresnillo Share Discussion Threads

[cfro] 23/8/2016 09:06

It worth pointing out that August is traditionally the weakest month of the year for Silver, but then, the Autumn happens to be traditionally the strongest.

[topicel] 23/8/2016 08:46

Amazed you can be so precise! The only trend here remains upwards as this is no different to the March/April lull and minor pullbacks.

The same issues that have been driving PMs and the Rothschilds and Soros's of this world to buy precious metals such as negative interest rates and "the great financial experiment of QE" - again - still apply and the silly high summer season when PMs usually retrace is now upon us.

With the Olympics out of the way we'll start to see the EU and US politicians begin to disagree more violently and all manner of worries,means and concerns will be back on our TV screens no doubt.

Good for anything silver and gold related...Mmmm, quite possibly! Your 50% sell needed to be when it hit £20 a couple of times if you feel that way, not after the event!

Topicel

[au24] 22/8/2016 22:21

Sell 50% of holding now. Due a downward trend.

[discodave4] 11/8/2016 13:36

Not doing too bad today as its ex div day (~6p).DD

[saturn5] 07/8/2016 18:12

Also keep watching POLY

In my portfolio as a sure winner

Slow riser but on the up

[the oxford whale] 05/8/2016 12:06

Personally I don't see a fund buying or selling as a positive or a negative purely from an investment case, given most of them fail to beat their benchmark over the long term. However given the volumes they trade in it is of course useful over the short term as it will tell you what direction and pressure the share price is under; in this case firmly upwards. The NFP is of course another dull and fairly meaningless data point viewed on its own, but no doubt will cause a wild swing later on today. Having only began investing about 7 years ago I don't know much different, but can't believe things were always this volatile? Some of the moves you get from off the cuff comments from central bankers just because they appear slightly more hawkish/dovish than normal are quite insane. I guess the key is to ignore this noise and focus on the bigger picture, even if it is quite difficult to do.

[topicel] 03/8/2016 11:57

Well, whilst I held 20k worth at £6 DD, I declined to mention those had been in my account since the spring 2015 so at one point, if I recall, I was down 40%...

Which all goes to show, stick with things! Mind you, taking a profit is never an error, sometimes a mistake perhaps, but never an error... ;)

In this case I also topped up post-Brexit too, and all things being equal with more financial woes ahead and goodness news what in the lead up to the US elections, safe havens and their investment vehicles are the place to be. Like Fresnillo and Hocschild.

Bon chance to you too.

Topicel

[discodave4] 03/8/2016 09:09

Topicel£6 Wow!, unfortunately I'm a post Brexit holder at three times your price........better late than never!, happy to hold long term in my ISA. As you say wise to hold some PM during potential turbulent times.Good LuckDD

[topicel] 03/8/2016 08:32

Lol, it is clear HOC is motoring along and, I suppose, many will not wish to spread over both shares when one is able to potentially make more immediate headway in capital gain.

However, if possible always diversify, even within the same space, and assuming one believes in the continuing advance in the basic resource value of silver and gold as the world moves further into possible recessionary times, and the U.K. adds to the countries with reducing and even negative interest rates, then a PM play with dividend income should also be held.

Fresnillo doesn't pay a huge divvy but it's recent history shows a Special Dividend when income and profit is exceptional (116% up 1st half good enough?), which is why I'm here. Management also inferred as much in the recent RNS...

So, cake and eat it comes to mind, how that is split between HOC and/or others and FRES/RRS for FTSE 100 yielding plays is an individual preference. But clearly Fresnillo is just a more mature company and therefore more resilient. Holding since £6 late December 2015 is also not a bad capital gain either, eh?!

If silver continues beyond $21 and on to $22 quite quickly as I hope and anticipate, the price here will snowball again with £30 my target. Like you say DiscoDave, it is probably gearing up for another breakout soon. One of those 5%-plus days so beloved of the smaller PM miners perhaps. Maybe Thursday afternoon?

Topicel

[discodave4] 02/8/2016 19:41

I'm with you Topicel, excellent numbers today........unfortunately I think traders have moved to HOC to catch the momentum there, but they will be back when they realise it's now the turn of FRES to breakout!.GLDD

[topicel] 02/8/2016 11:02

Alone Again, lol, Naturally??

No Matter How I Try it seems no-one cares to comment on Fresnillo results, perhaps too busy trading it? Sod that boring long Topicel....

The facts are Clair, this share and silver with it, just won't be told to Get Down. And I stick with a target price of £30 before too long. With apologies to Gilbert O'Sullivan. Who?

Topicel

[topicel] 02/8/2016 09:54

Maybe it is just me, but with only one week of the surge in silver and gold prices subsequent to Brexit included in the half-year results issued today, and they already boast %116 profit increase, then the cash machine will continue to deliver notes here, and already has in increased levels since June 30...

The sell on the news brigade won't be deterred from their path of course, nor will profit-takers generally, for that is their MO, but silver and gold look set to continue rising in value and, accordingly, once the dust settles this morning the buyers must be out 'en nombreux'!

But maybe it is just me, like I say?

Topicel

[linton5] 02/8/2016 09:26

Check oot Tsg and the massive institutional buying

[edjge2] 02/8/2016 08:26

increased divi and looks good

[seball] 01/8/2016 08:34

Petropavlovsk (POG) another low cost Gold miner still to rally. Russia based but has strong management and I expect it to rerate with Gold Price.

[topicel] 01/8/2016 08:08

Definitely showing strength to not fall back further Hectorp, I agree.

Start of the month and a similar direction north today should see the Fres share price make new highs within the next week or so IMHO. The U.K. Interest rate decision on Thursday will be key of course, although many old assumptions seem to have become redundant of late with regard to links between various indices...

Topicel

[hectorp] 28/7/2016 18:29

Great progress here.. made the error of not holding on at 1000 , but am involved at HOC. Roll on $25 silver in the Autumn.

[cyberbub] 28/7/2016 08:54

Had a look at the last quarterly results but couldn't see any reference to AISCs?

[discodave4] 28/7/2016 02:41

Silver 1220+ and gold 1340.Hopefully get this moving in the morning, HOC's had its go now it's FRES's turn! :)DD

[dt1010] 27/7/2016 20:35

HOC will start paying out sooner than anyone thinks.

And for capital gains, its share price will and has moved faster upwards than FRES proportionately.

Saying that, I do hold both.

But prefer HOC.

[topicel] 22/7/2016 08:57

Maybe with all that dosh slopping around they will start, perhaps with a special divvy as Fresnillo so often have done in the recent past when the commodity price cycle has swung up, as it has this year?

Speaking of which, the battle to force the Yen up further against the US dollar continues with the most bullish FX strategists calling for $95 USD/JPY which would return silver to well above $20 and reinvigorate the FRES share price.

The sell on the news of increased production appears to be over and it is back to watching all the other indices for a few weeks IMHO for guidance as to the next direction. Oil could impact again of it rallies back towards $50 a barrel, but the link seems more tenuous these days...

Next week we will see the BoJ make some important decision and potential linking to gold in other areas, notably Shanghai, which could be interesting.

Bon weekend a tous.

Topicel

[scottishfield] 21/7/2016 16:03

No, never alone Topicel. HOC, no, not yet.

[topicel] 21/7/2016 14:43

Blimey guys, I thought I was alone here, pretty much!

Charles, the HOC figures are really good, and the rise today is good too, but the quarterly data out of Fres yesterday was strong too, and there has been continued weakness.

It is more macro inclined, possibly, but I would be surprised if HOC didn't slip back and join other silver producers in decline until the commodity price itself is allowed to turn. It will, as too many headwinds globally exist for alternative investments, but in the meantime it does look better to be out of many PM stocks, both big and small.

At least Fres gives an income. Does HOC pay a divvy?

Topicel