Fresnillo Share Discussion Threads

[topicel] 03/3/2017 09:21

Emerald, all about Fed members inciting the markets to expect a hike this month.

Yellen to put the proverbial icing on the cake today. See my post on HOC for more but basically it is 'now or never' as Elvis would have sung, lol.

Plenty of turmoil this month and through the spring/summer could stop any more hikes so they've decided to move now it seems. Sure would be a massive rebound if it didn't happen for some out-of-left-field event, eh?!

Topicel

[emeraldzebra] 03/3/2017 08:58

ta vm to all

[bookbroker] 03/3/2017 08:54

Emerald - what do you think, this is a proxy for the silver spot price, but it is kind of unnecessary, it does have a bearing where Fres might be selling silver, but it is an emotional reaction, ok for Joe Bloggs with a few quid, but not for a very large co. With long term plans!

[the_equaliser] 03/3/2017 08:43

Need to view chart in dec when int rate was going to occur

Hence why i would say same reaction

[emeraldzebra] 03/3/2017 08:29

can someone explain what has pushed it back by so much today ? apols from your resident idiot...

[dmitribollokov] 03/3/2017 08:09

Erk needs to hold 1360/70 or it could be heading for ~1220. Temporary Tin hats.

[topicel] 02/3/2017 09:32

Share buyback will still come. No reason to tie it to annuals.

Topicel

[the_equaliser] 02/3/2017 09:19

I hear and agree with what you say,
Should see possible increase in production from San Julian mine
The CEO, i am sure on bloomberg said futher cost reduction,
As you rightly say, possible / continuing / already an increase of PM,s

We are lower of the highs 15.69 8 feb i think prior to 88% profit RNS

I am suprised not a better divi hike / share buyback like other Co's have done
Unless possible purchase of something

[bookbroker] 02/3/2017 09:11

They sold down much of their inventory last year, that boosted the bottom line, so figures may not look as strong this year, but a rising PM price should benefit mining stocks!

[the_equaliser] 02/3/2017 09:08

It said the evaluation of the Mexican peso against the US dollar positively affected production costs.

Cost per tonne and cash cost decreased at all mines, due to devaluation of Mexican peso and cost reduction initiatives.

Chief executive Octavio Alvidrez said: "I am pleased to report a strong overall performance in 2016.

"We delivered record silver production of 50.3 million ounces, in line with our guidance, reflecting the initial contribution of San Juli�n phase I and higher grades at Fresnillo and Ci�nega.

"Gold production of 935.5 thousand ounces exceeded our revised guidance, mainly as a result of the reduction in inventories at Herradura.

"Our record production, combined with higher metal prices and the devaluation of the Mexican peso during the year allowed us to deliver strong financial results in 2016 and as a result the Board has recommended a final dividend of 21.5 cents per share, equivalent to approximately US$158.4 million.

"At the Fresnillo mine, despite reporting a slight improvement in silver production in 2016, we continued to experience some issues that impacted the delivery of our turnaround plan.

"However, we have implemented additional measures to increase mine preparation and expect a gradual improvement in production in 2017.

"San Julian phase I was commissioned in the third quarter and contributed to our record annual production.

"It is now operating at levels above its designed capacity.

"Despite taking the decision to delay the start-up of San Julian phase II, we are pleased with the progress made during the year and are confident that this second phase will be commissioned in the second quarter of 2017 <-----------

[topicel] 01/3/2017 22:19

Lol at 30,000 DOW, but that has been spouted, even 125k by some of the weirdest like Clif High...

Who would have reckoned on 18,000 to 21,000 in the months since Trump won, and the last 1,000 in a record 5 weeks...

All barmy of course, we know that, but then so was tech bubble until it popped.

Apparently the small players are just starting to play and, as ever, that is when the New York crims bring the lot crashing down.

Any March hike won't impact PMs as we also know they can't go much above 1% anyway as the interest on the debt of 20 trillion will cripple any and all Trump plans. But inflation will negate even that 1% so to beat negative real rates people will continue to flock to PMs as a hedge.

As it is against inflation. And Trump wants the dollar weaker to sell more overseas...big fun and games coming up. Last nights speech was just more rhetoric, wait for the debt ceiling debates to start the very days Yellen announces the Fed decision. Lol.

Topicel

[bookbroker] 01/3/2017 21:22

What's holding this back is the likelihood of an interest rate rise in march, not that it has moved the silver price negatively, but it is still a pause for thought, and off course the strong dollar!

[daybreakers] 01/3/2017 21:01

Markets are all toppy. Just waiting for it to come tumbling down.

1929 like crash?

PM miners will hit the roof.

[the_equaliser] 01/3/2017 18:29

You really think Dow 30,000
lols
not sure but mayor wanted back hander or something

got to laugh at trading

profit 88.5% and we go down
watchec ouple other stocks do nothing and they have flown
lols

[topicel] 28/2/2017 20:19

Yep, building regs here, and good artisans, as they like to call themselves, are a problem. Many a tale...

I see that half million could have been the depressant today, but either way, since Brexit I moved into PMs and associated investments and will keep here for the duration as so much else - US debt ceiling for one - can send them far higher IMHO.

With calls on the DOW at 30,000 during this term I can equally see leveraged gold/silver plays doing just as well so, mad as it might seem, I have a £30 target here...

Topicel

[the_equaliser] 28/2/2017 18:02

Lols Top
I know a chap moving back here to many problems trying to build his house


16:35:08 1486.0000 538,345 UT 1486.0000 1488.0000

might be the reason for fall,
Now out the way we could see the rise
Dyor

[topicel] 28/2/2017 17:57

Less stress, money goes further.

I say less stress but then I watch my portfolio as a pastime. Lol.

The weather and vino at half price is another couple of good reasons. I'm sure you don't need many more....

Strong bounce everyone here as MMs got many to sell on the news. As we are awaiting Trumponomics tonight and its impact on PMs, perhaps the buying will begin again in earnest tomorrow. Was there a conference call lined up anyone?

Topicel

[the_equaliser] 28/2/2017 16:55

Topical

agree olt chap with PM rising,
Why move to frnce ?

[goldenshare888] 28/2/2017 14:06

Bouncing back nicely and buying the dip looking a good move....

:))

[topicel] 28/2/2017 11:47

Now live in France EQ.

Not much chance of shock with Le Penn in the main race for President as not electoral system like US. Might cause some ructions for those who don't understand that or the market's taking advantage of the Le Penn factor like they can... ;)

The Dutch can get a Wilders influenced government, if not the man himself, again for political complications in their system, but that will cause concern enough in Brussels. Poland/Hungary getting bolshy it seems too...

Myself, I would back the Italians to be the most likely to snub Euroland when they get down to voting, but maybe not this year.

Certainly not worried about the Trump effect, that is a win/win for PMs so, as we can agree, Fresnillo will resume its upward trajectory throughout 2017. Bon chance.

Topicel

[ifthecapfits] 28/2/2017 11:23

Cracking set of results.

[the_equaliser] 28/2/2017 10:47

Sorry mate to remind you
:O(

Same as you now Ftse 100 / 250
Here very impressed with results / production increase / cost cutting
It will be up

Dont forget french electiobns / trumps rates hike 1-2 this year

[topicel] 28/2/2017 10:05

Lol, and I'd just gotten over MDX. Cheers mate...

Try and steer clear of AIM now. Mind you, feels like Fresnillo is on it sometimes with the volatility involved!

This time last year the sell on results mob took advantage from £10 down to £9.50 or so, and within a month we were back above £10.50 and then, of course, Brexit happened...

No such dramatics on the cards aside from Dutch elections, which could well swing to populist party with Wilders. Can Euro withstand that? PMS must benefit as we approach, surely?

Topicel

[the_equaliser] 28/2/2017 09:50

Topicel,

I missed all the interview, i saw a small repeat later,
yes, you are correct regarding what other companies are doing ,Lets see what he does as "buyback"

Was your goodself in Bprg / Mdx,
I think i recall your Nix