Fresnillo Share Discussion Threads

[topicel] 07/11/2016 18:28

Indeed, it would appear someone is directing particular pressure towards Fresnillo, possibly because it has a significant premium?

Topicel

[mrthomas] 07/11/2016 18:17

In again but not sure why the price gone down when other in the sector have gone up today

[mrthomas] 05/11/2016 18:51

Well this volatile share could make us profit again as it around low 16 tired to buy in on Friday but was not able to. It can get in at 16.05 will be buying think who ever wins this stock will go up may be not as much if Trump does not get in

Going to be fun and games next week

[goldenshare888] 05/11/2016 18:47

Trump could develop the wall and then complain about the sub contractors workmanship and not pay the bill!

Apparently he has form in this area!

[discodave4] 04/11/2016 18:49

People will be piling into PM's as a safe haven if Trump wins.The wall won't happen no matter what IMO.DD

[icydee] 04/11/2016 14:58

Don't be so sure that a Trump win will be a win for Fresnillo, for Silver prices in general yes, but remember Fresnillo is predominantly Mexican and Trump says he will make Mexico pay for the wall...

[goldenshare888] 03/11/2016 07:18

GOLD & SILVER YAWNING AND STRETCING THEIR LEGS AFTER 5 YEAR SNOOZE!

New highs beckoning.

[discodave4] 02/11/2016 20:29

MRTNice one!I'm still not quite at break even, buy and hold for me though.Let me know where your going next for your 11% profit! Lol.DD

[mrthomas] 02/11/2016 15:16

well sold out again made a good profit in less than a month so happy sure more upside in the next few days but had a fat finger moment so be it

[ifthecapfits] 01/11/2016 14:07

ho ho ho. looking good for the festive season.

[gdennett] 21/10/2016 08:07

MAG silver (joint venture with fres) being promoted by us gold/silver analyst (gsa). May have pull through in interest in fres.

[topicel] 18/10/2016 09:07

Good assets that are increasing but, most especially MRThomas, tremendous cash flow.

Any hesitancy on the Fed's part and then, most unlikely granted, a Trump win and the PMs will soar again (I suspect and have bet they will anyway btw) and that cash flow will become a cascade!

Investors and fund managers and pension pot providers love that in spades so PM shares like Fresnillo will roar ahead. Good call yourself concerning this level as a buying op.

Topicel

[mrthomas] 17/10/2016 17:41

Fair point re above just brought in again at 16 at least this share has assets etc behind it

[topicel] 13/10/2016 10:23

Lol, if we were in a rate increase environment of course not.

It really depends what you believe is going to happen any differently to the last 12 months when rates in the US last rose? If you think it will be the signal with a December hike that more will follow, well of course PMs will be out of favour.

Moi, I go by actions and all year the FOMC have promised increases and not delivered because of the global situation and the reality that the US economy is not that robust to go off at a tangent. The jobs being created are not the type that enables people to spend and increase their GDP...whoever gets in will have the same issues.

So, if the hike is just to get it done with and leave room for a cut or two if needed then the market will react as it did last January and silver and gold will be bought strongly. Especially if allied to a Chinese slowdown again...and so I repeat the latest overnight slowdown news from there, and calls for the Yuan to drop substantially going forward.

Currencies are not value at the moment and therefore the alternative it seems to me is, and always has been, precious metals and related investments.

All volatility aside of course!

Topicel

[muffster] 13/10/2016 09:55

So you are saying if rates go up, Pms do well.?

[topicel] 13/10/2016 09:09

Funny how the market prefers HOC production numbers to those of Fresnillo and yet Fresnillo moves up in tandem!

The underlying reason is, aside from strong companies in undervalued minerals generating plenty of cash and profits and improving dividends, the poor Chinese data overnight I suspect.

That and lukewarm FOMC minutes yesterday suggest we are not so nailed on for a December rate hike as hoped. I still think it will happen and once it does the penny will drop that it probably is it for 2017 and PMs will regain the favour they had in the first half of 2016.

On vera.

Topicel

[topicel] 12/10/2016 18:04

And that was before Brexit and the 20% devaluation in the pound hence the improved earnings when reporting in sterling.

All apparently still on target per guidance so we probably will only move with PM prices and they can move suddenly either way, for no known reason. Lol.

Topicel

[asagi] 12/10/2016 16:35

Fresnillo reports in USD and the pound has depreciated significantly of late.

Last time that silver was this price the shares were trading at just over 1,200p.

Asagi (short FRES)

[mrthomas] 12/10/2016 16:31

no was in the red then but hope to go back in again if gets below 16 again would go in now but Oct not always an easy month to follow

[topicel] 12/10/2016 12:20

Possibly Hectorp, are you a holder? Been in since £6 at the turn of the year myself and back the day after Brexit around £14.50.

Clearly the PM price variation is crucial as to the outcome in coming weeks for Fres but the update remains strong and should we get the usual October strength in silver and gold then we should build again.

I see resistance at these levels to the downside more than to the up.

Topicel

[hectorp] 12/10/2016 09:37

Head and shoulders fres.. so could drift a bit here.

[topicel] 05/10/2016 11:24

And was it buy sign at £6 a share late last year MRThomas?

As you say, the earnings in pounds will look rather magnificent so, a good hedge for anyone the wrong side of sterling either because they live in other euro or dollar currency areas or simply have exposure to the pound via currency pairs.

PM investments will be a good bulwark against currency losses IMHO.

Topicel

[mrthomas] 05/10/2016 09:28

Am surprised to see the price come down if gets to 16 to me it's a buy again what with the £ lower would expect this share to go up but hope it get to around 16 as that always a buy sign