| Date | Subject |
|---|
24/2/2021
17:54 | trader536: Poly could have been picked up for 5/600p at almost any point over the last 5/6 years, yet idiots are saying its cheap now and paying 1600p!
These same idiots will be paying 1600p for FRES later this year claiming its cheap, these same idiots were selling FRES at 800p claiming its expensive, then buying FRES back and paying 1200p for stock they sold at 800p lol
The brokers love these idiots, they are what's known as bread and butter numb skulls, they provide the brokers with profit
|
17/2/2021
03:46 | trader536: "Buy and hold is not a sensible strategy with fres"
Absolute tosh! Read my previous post, FRES has gained 100% over the last 12 months, it has significantly outperformed the market and IMO will continue to do so over the next 12 months. The fact that it went slightly higher in the meantime is to be expected when the monthly ATR is 433p.
Holding huge losses then selling for a few pennies profit is what armatures do. Its a losing strategy over the long-term, akin to the martingale strategy.
I have a target of 185% profit (on 100% of my holding) with zero fees and expect to hit target later this year or early next year.
I pay zero attention to broker views. FRES will rise based on the rise in the 12 month average silver price. Earnings and therefore share price movement will lag the silver price rise by up to a year.
|
16/2/2021
21:52 | zicopele: Trader..you could have sold at multiple points in the last year and traded the dips.
Right now Fres seems to be probing the bottom of a range with a price of Au which is very supportive of a stronger price.
Buy and hold is not a sensible strategy with fres. It is a trading stock. That said, I am perplexed at its current price which appears to be low especially with the enormous cashflow currently being generated.
By the way check out MAG which is fres partner in Juanicipio. That stock is doing quite well which would suggest that the programme of works at Juanicipio is doing well.
Yet fres gets a downgrade to £7.
|
09/2/2021
11:26 | imastu pidgitaswell: I doubt it's anything unusual - or he wouldn't have POLY at 2300.
FRES did a future/strategy piece in December 2019 - on their website. They didn't do an equivalent in December 2020 - I suspect (and hope) we will get a bit more on the future with their full year results next month.
Juanicipio, and more importantly (imho) Orisyvo - and their funding - are key to the next few years, as well as harvesting existing production.
From May 2020 (short version of the December piece):
hTTp://www.fresnilloplc.com/media/462210/120520-fres-bofa-presentation.pdf
Slide 18 most important, but also 19 and 20 are key.
|
20/1/2021
17:06 | zicopele: Check out Pan Am. It is doing a powerhouse performance today. Fres is missing this....we are buying risk with fres which has passed with pan am..ie forecast risk.
If fres does not disappoint next week, we will have a strong price.
|
13/1/2021
07:52 | permbear: FRES is a busted flush. Yes PMs dipped yesterday and Pound strengthened but share price capitulation yesterday was completely disproportionate and just so typical of its pattern over the last few months, POLY was only marginally down. From a share price perspective, FRES is back to where it was in July 2020.
On strong PM days it bumbles along +2% at best and I frequently witness subdued sessions when the share price ought to be flying. I got out on Jan 7th at around 1260 (my entry prices ranged from circa 600-950), still a tidy profit but I'm very disappointed with FRES overall. Even if does go on to rally a bit later this year, so what? It's been an extremely poor use of capital for 6 months now and there are so many better places to deploy cash at the moment both in equities and crypto. Adios amigo.
|
07/1/2021
08:26 | permbear: Rubbish. Gold rose on the eve of the election to 1,950 on the expectation of a 'blue wave' with the Dems taking the executive and Congress, when that clean sweep didn't materialise it pulled back. Full Dem control means unprecedented stimulus and the money printer going into overdrive thus further USD depreciation and PM price surge. PM prices always increase in response to more stimulus and QE.
Yesterday was bizarre, PM prices surged (yet FRES was down -1.5% simultaneously in the morning). PM's then plummeted out of nowhere yet FRES finished in the green, POLY and CEY held up okay. Today, PM prices are trading below yesterday morning's session and yet FRES is up 2+%!
|
18/12/2020
15:02 | imastu pidgitaswell: FRES and POLY are broadly comparable, and some makeshift arbitrage between the two works quite well. But I would be wary of expecting the same sort of thing for something like CEY or HOC - they are not on the same scale and have particular vulnerabilities in share price terms, whether the main man selling a chunk, or operational balls-ups. That said, both of those have happened, rather then being potential events.
It depends on what your objectives are - steady and secure producers with basically share price related to PM prices and production, risky and potential multi baggers (like the one trader is pumping a few posts above) where you could also lose the lot as they have assets but no income, or somewhere in between.
fwiw, not a lot, my view is that FRES is broadly in the right place in share price terms - it is out of the woods in terms of being too stretched (which it was with its commitments for the next 36 months), but it is not (only opinion) going to go to 2000 or more. Obviously if PM prices double, then it could go a lot higher - but then the question is what will happen to PM prices rather than FRES as an investment. If you think PM prices are going to fly from here, you could basically buy anything PM related.
Anyway, it's Christmas, there will be no volumes, and after quite a good year (from this lark, notably FRES), I'm clearing off from CoP until January. Merry Christmas to one and all. With maybe the odd exception...😜;
|
18/12/2020
12:51 | permbear: There's been a noticeable partial decoupling of PM prices and Fres share price in the last month or so. Gold up 2% yesterday yet Fres bumbling along sub +2% for most of the session then closing only +1%. Today again, gold back within touching distance of $1,890 again yet Fres currently 1% down and looking worse earlier. Maybe the hedgies have tweaked their algos after repeated disappointing lower ore grade reports. Looks like Fres is falling out of favour after it's insane run to circa 1380 earlier in the year. Any thoughts?
|
26/11/2020
17:21 | imastu pidgitaswell: Mmmm, seems a genuine sort?
Char8888 - 26 Nov 2020 - 17:07:31 - 12289 of 12290 FRESNILLO precious metals - FRES
I wish I took your advice trader a while back when you said get into silver at $12! Good shout
Char8888 - 06 May 2020 - 22:19:56 - 10667 of 12290 FRESNILLO precious metals - FRES
What do you think a good price would be to get in trader?
Char8888 - 15 Apr 2020 - 05:42:59 - 10398 of 12290 FRESNILLO precious metals - FRES
Good call. Back in after the results.
Char8888 - 31 Mar 2020 - 14:28:44 - 10295 of 12290 FRESNILLO precious metals - FRES
What’s your next thoughts on the share price Trader. Good call last time!
Char8888 - 19 Mar 2020 - 14:38:18 - 10161 of 12290 FRESNILLO precious metals - FRES
Trader what’s you next bet?
Char8888 - 19 Mar 2020 - 09:26:12 - 10155 of 12290 FRESNILLO precious metals - FRES
Not liking these swings in fresnillo today down 9% then up 3.5% then down 3.5%
Char8888 - 16 Mar 2020 - 14:52:51 - 10147 of 12290 FRESNILLO precious metals - FRES
Bought a load at 4.72. Run Forrest run
Char8888 - 16 Mar 2020 - 07:56:25 - 10142 of 12290 FRESNILLO precious metals - FRES
Bad time to hold?
Char8888 - 28 Feb 2020 - 06:52:16 - 9948 of 12290 FRESNILLO precious metals - FRES
Trader what you think?
Char8888 - 28 Feb 2020 - 06:50:14 - 9947 of 12290 FRESNILLO precious metals - FRES
Thought we were finally getting somewhere! Hope the 1.30 is not realistic!
FFS...
|
PLUS1
