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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fresnillo Plc | LSE:FRES | London | Ordinary Share | GB00B2QPKJ12 | ORD USD0.50 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
12.00 | 2.07% | 591.00 | 590.50 | 591.50 | 593.50 | 585.00 | 586.00 | 262,588 | 14:27:30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Silver Ores | 2.74B | 233.91M | 0.3174 | 18.62 | 4.36B |
Date | Subject | Author | Discuss |
---|---|---|---|
05/1/2017 09:25 | Yes indeed golden..and we must take into account the uncertainty ahead over euro elections and brexit in march. markets have had a hell of a run but the fear will return. I love it that gold is unpopular with the consensus at the moment ;) But I think 2017 will be a storming one for silver. | dt1010 | |
05/1/2017 09:21 | Good Morning DT, I agree that SILVER looks more attractive at current prices than GOLD, although I do think both will prove shrewd investments for 2017. Luckily HOC has both in pretty equal measures. Happy days.... :))) | goldenshare888 | |
05/1/2017 09:21 | I'd close your short if I were you extrader! As pointed out earlier, for more than a decade the production globally has been less than demand simply because of price suppression making it difficult for most to extract silver at a profit. The industrial usage is growing massively because of exactly the photovoltaic needs of solar panels and other exponentially increasing industrial needs so demand is only likely to ramp up more. Keith Neumeyer the CEO of First Majestic, one of the world's only primary silver producers, has said whilst they can be profitable just at $16 most are losing money. He thinks as high as $100 is needed to get the balance between supply and demand right. Hence why his company is one of the very wildest of leveraged plays I suppose. But safety in size and all that is with Fres, slower but more secure moves to the price of silver anyway. We await developments but the intentions of India, China, Morrocco and others is to build solar farms so big that we won't be able to bring enough silver to bear fast enough as the Silk Road 2 plans unfold... There is a reason JPM has 500-plus tonnes of the stuff in their coffers methinks! Topicel | topicel | |
05/1/2017 09:15 | I said watch IDP move to peeps when it was 71p and it's never looked back, I been saying keep an eye on PEL since 2.5 and it's never looked back, it's been consolidating in 4.1-4.5 range after nearly hitting 5 and it's just moved higher today for first time in about two weeks, 12p is where I said from start for it, profitable trading ahead of expectations on last two trading statements and another one due, all imho dyor | csmwssk12hu | |
05/1/2017 09:10 | Don't worry about the price of silvewr. There are 2 scenarios: Trump's reflation will send it to the moon on industrial demand and if his reflation doesn't work then QE will punish the dollar and send silver skybound anyway. Silver will I believe disconnect from gold very soon. Silver is THE trade of 2017 I believe. | dt1010 | |
05/1/2017 09:06 | I tend to agree with GS too at the upper end, but there are so many variables that it is best to keep a mean calculation for me. All I know is the battle is on to control the markets between know and when Trump gets inaugurated and so far the banksters are accepting they have to end the severe manipulation and are changing horses accordingly away from shorting PMs. As mainly democratic backers - probably easier to play - they have been overly in charge since the 2008 crisis, so any reversal and possible intent to handicap what Trump aims to do against their advantage will be quite wild and hairy I reckon. Not for widows and orphans, as they say... Topicel | topicel | |
05/1/2017 09:05 | Hi all, The problem with this speculation about silver price is that a good part of silver demand is for industrial, not speculative purposes : think photovoltaic, sterilisation etc. Demand (and hence price) would be constrained as it became 'uneconomic', so you shouldn't expect the gyrations/volatility AIMO at any rate ATB | extrader | |
05/1/2017 09:04 | morning golden, what a wonderful day, bright sunshine and frost, and all the better to see silver and gold and "my" miners shining. Who says rising shares don't make you happy? Here's to 2000 here this year at least ;)) | dt1010 | |
05/1/2017 09:02 | £60+ (based on today's prices) | discodave4 | |
05/1/2017 08:59 | well FRES went from 800p to 2000p with Silver from $14 to $20.....so £5 would be very conservative with Silver at $75 | deanroberthunt | |
05/1/2017 08:58 | Emeraldzebra - there is no hard and fast leverage rule, either to the upside or the downside. Hence the massive volatility in PM miners and the phrase 'whipsaw' being used. But, it can often be as much as ten-fold the movement in the spot prices of gold and/or silver, hence the interest in the ratio too! If we consider the relationship now is approaching equitable again as Trump euphoria recedes and people begin to realise the same issues exist for him as any US President (no money and huge debt etc.) then we can quite simply see $16.50 silver as valuing Fresnillo at £13. In that case the likelihood if the relationship stays the same of £26-27 a share is not unrealistic for $34 silver. However it would overshoot given all that momentum and giddiness/excitement just as we have witnessed in the DOW and the dollar since Nov. 8, and hence why I am targeting £30 based on the absolute need the Trump administration has to weaken the dollar and potentially this will be done with gold as some kind of reserve adding more fuel to the PM fires. Others go on about interest rate rises but never once do these people address the problem that brings home to the US economy of they themselves having to pay interest on the 20 trillion they owe, and growing fast! It can't be done without a reset of the US currency and all the signals are isolationist and sod the world and what it will cost them, and especially not China, so expect plenty of surprises that always help PMs. All IMHO. Topicel | topicel | |
05/1/2017 08:51 | v nice. thanks. | emeraldzebra | |
05/1/2017 08:47 | My guess: 5000p :)) | goldenshare888 | |
05/1/2017 08:35 | dean - thanks for that. i am a total thicko on these things so wondering roughly what fres share price we might reasonably expect from silver at $75/oz. ? ta. | emeraldzebra | |
05/1/2017 08:09 | drhWhat article did you copy that from? | discodave4 | |
05/1/2017 07:28 | there has been a net deficit in Silver, for all but 2 years, since 1999.....the current demand for Silver is around 1.1bn oz, with production at 880m oz....with Silver having been in a bear market for now over 5 years there has been serious underspend on capex, so that figure will worsen as demand increases and supply fall......moreover, the Silver to Gold price ratio is now 70:1, it did reach 80:1....this is abnormal, the long term average is between 30-40:1..... It's not a matter of if, but when, Silver rerates......even just on the ratio, assuming Gold at this level, you could expect Silver at $34/oz....ignoring all the other factors.....I believe we could see Silver at $75/oz within the next 5 years | deanroberthunt | |
05/1/2017 06:46 | Morning DT, 1500p could come VERY short term! (this week)? GOLD & SILVER are heading UP towards new highs. :)) | goldenshare888 | |
04/1/2017 19:17 | 1500 target short term. will get to 2000 no sweat (in 2017 IMO) Follow the volume. (v nice today) Follow the trend :)) | dt1010 | |
04/1/2017 17:32 | Earlier post maybe a little cryptic > eriktherock30 Dec '16 - 11:40 - 4150 of 4173 0 0 Edit Ahh, I see it now. Island @ 1185 or Gap fill @ 1175 eriktherock1 Jan '17 - 18:21 - 4154 of 4174 1 0 Edit I know that stating the obvious is obvious once it becomes obvious, obviously, but we have a bottom (given the island ta) @ 1185ish so no reason not to enjoy the upside. Happy and prosperous New Year guys. | eriktherock | |
04/1/2017 17:28 | island in the sky | eriktherock | |
04/1/2017 17:27 | :)) Holding for big money here! | goldenshare888 | |
04/1/2017 17:04 | The difference with us and RRS is the far cheaper labour now paid in Mexican pesos and going to make the bottom line really juicy. Anyway, Fresnillo is far from a silver play these days either. It is a very solidly run company with proven returns and assets that simply gets tied up in the Pm manipulation game in both directions. If silver and gold are going to run and run in 2017 after the late 2016 short selling correction by the banksters has ended and paper is allowed to run free with physical demand, then we must see new highs here in view of the coming inflation. The leverage is always incredible. Whipsaw is a good description. Topicel | topicel | |
04/1/2017 16:32 | Silver will rise faster rate than gold. | daybreakers | |
04/1/2017 16:17 | interesting that Rangold has had a (relatively) bad day alongside this one... | emeraldzebra |
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