| Date | Subject |
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21/10/2020
12:24 | charlieeee: Well, I bought that recent dip and then sold for a very small gain, anticipating that production would be bad: the website was particularly discouraging.
There are plenty of smaller producers out there who pro rata are far more efficient than FRES. It is difficult to justify the market cap where profitability is wholly dependent on the current high metal prices. It seems to be turning its considerable resources into producing assets at a snail's pace and capital needed to reinvest was squandered on dividends. Herredura has hardly shone and will the FRES share of Juanicipio do more than replace the mine closure of Notche Buena?
On the same basis, I missed the meteoric rise in July, when the market overlooked the poor production, but I do wonder if it will be so forgiving this time?
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17/10/2020
15:51 | trader536: Diggybee - I came to Thailand for a month in 2008 after losing my job in the city, I ended up buying an apartment and the rest is history as they say.
2603 - yes I particularly like the trajectory of the Fres 40 day EMA (the thick dark green line on my chart). I'd guess my £20 target may be hit in Q1 next year, the trigger being 2020 financial results in January. Pullbacks along the way are inevitable, so on down days we'll no doubt get plenty of visits from the clowns and trolls.
The ADVFN self appointed stupid git thought he was wise to sell Fres at 700p and buy HSBA at 400p, hence his bitterness here. Below is the contrasting trajectory of HSBA 40 day EMA (the thick dark red line on my chart) which is an excellent example of why one should buy risers and sell fallers rather than sell risers and buy fallers.
HSBA.....
FRES....
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16/10/2020
19:13 | 2603: Plat. This has a high PE because the potential profits going forward are massive, there are many companies that have higher PE than fres. Trader talking up this share to £30, I think that is conservative, by the time this bull run has finished and it has at least 2-5 years left IMO. I can see this share in the £40-£50 range, at the moment there are a hell of a lot of junior miners that are very over bought and profits are being taken in them and finding there way into senior miners like this one. Fres may not go up quickly like a lot of speculative miners but this to me is a very safe place to put my money compared to many other stocks at the moment. If it is true that you sold at £7 just as Fres started to brake out then maybe Trader is right you dont have a clue about how precious metal cycles work and how high mining stocks can go. TSG is a great example of a solid well run miner, they are just moving to test the high of the year at £1.10 and have just paid me a fantastic Div of 6p. I now feel £13 is a good support for Fres, its the 5th day its traded above it. Happy days ahead.
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16/10/2020
11:28 | trader536: Funny how the ones trolling are the same clueless idiots who were selling Fres at 700p. Funnier still is the self appointed stupid git selling Fres at 700 then losing his money in HSB and BP
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15/10/2020
19:41 | trader536: 2603 - I don't pay too much attention to volume unless its coincides with significant news or a significant fundamental/economic event. The chart below shows volume alone bears no relation to price movement.
Q3 production report due on 21st October.
There is currently 0% short interest in FRES: Https://shorttracker.co.uk/company/GB00B2QPKJ12/
rarther - its being revalued upwards due to higher PM prices massively increasing forward profitability.
The day to day volatility of spot silver has little influence on annual profitability, silver has a monthly ATR of 13% and a daily ATR of 3.8% so volatility is to be expected. In 2019 FRES achieved an average of $16.10 silver, so anywhere in the 20's will provide a nice boost for 2020 full year profits.
FRES daily volume v price direction.....
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01/10/2020
15:18 | imastu pidgitaswell: Bloody hell, you're thick.
How did net debt halve last year? How much operating cashflow did they generate compared with capital expenditure and dividends paid out?
http://www.fresnilloplc.com/media/448146/fres-fy19-prelim-pres-030320.pdf
Slide 38.
You're referring to H1 this year, when they had much higher operating cashflow thanks to higher PM prices. But even then, the net debt only reduced because they slashed capex given the liquidity crunch they faced at the start of the year and effectively stopped paying dividends. And the share price doubled, for which I was very happy, holding around 47,000 of these as I was.
http://www.fresnilloplc.com/media/471707/280720-fres-1h20-interim-pres.pdf
Slide 35.
You just don't understand financials, do you? Or anything else.
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30/9/2020
17:13 | trader536: Cash and other liquid funds as at 30 June 2020 totalled US$514.7 million, a 42.1% increase compared to the US$362.1 million in cash and other liquid assets at the end of June 2019 and a 52.9% increase over the year-end total of US$336.6 million. Taking into account the cash and other liquid funds of US$514.7 million and the US$800.6 million amortised cost of the Senior Notes, Fresnillo plc’s net debt was US$285.9 million as at 30 June 2020, compared with a net debt position of US$438.5 million for the corresponding period in the previous year. Considering these variations, the balance sheet at 30 June 2020 remains strong, with a net debt / EBITDA ratio of 0.346x
Http://www.fresnilloplc.com/media/471703/280720-fres-1h20-interim-report.pdf
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12/8/2020
13:12 | imastu pidgitaswell: He can't answer, so does the usual ignore, fingers in ear etc etc. Same old, same old.
From earlier this year:
trader365
28 Mar '20 - 19:58 - 10264 of 11625
I was initially dismissive of the virus, but being a trader one can change ones stance from long to short or vice versa in the blink of an eye.
trader365
31 Mar '20 - 14:59 - 10294 of 11624
When the mine closure RNS lands these will be a gift
trader365
2 Apr '20 - 20:12 - 10329 of 11625
I think people will find I called this correctly.
The blind idiots who buried their heads in the sand in denial and used the filter button will evidently be the losers.
If the RNS lands in the morning it may be too late to get out.
trader365
3 Apr '20 - 19:40 - 10357 of 11625
Statements take time to prepare, the government announcement was only yesterday, maybe FRES directors were busy with other commitments. I'd think we'll get and announcement soon enough.
trader365
13 Apr '20 - 20:12 - 10374 of 11625
Theres high risk of a RNS dropping at FRES informing of a production halt. Its possibly wise to increase exposure to silver miners that have already halted production, then switch to FRES after production halt announcement.
trader365
17 Apr '20 - 10:16 - 10416 of 11625
It’s unclear whether production has been halted at FRES, Q1 production report due on 29th April will provide clarity
trader365
17 Apr '20 - 11:19 - 10420 of 11625
If it’s your opinion production is going ahead then you have nothing to worry bout by holding FRES, it just so happens that I’m of the opinion that mining has halted, which is supported by research links that I posted, there is no false or misleading statements, just statements that people with opposing opinion don’t want to hear
And obviously the 'research links' said no such thing, as was pointed out to him, and he ignored it. Which started the 10423 post and everything subsequently. Read his stuff, study the charts, but bear in mind he serves himself.
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28/7/2020
14:11 | imastu pidgitaswell: Slide deck now out - call at 3pm UK time.
http://www.fresnilloplc.com/media/471704/280720-fres-1h20-interim-presentation.pdf
Nothing major in them - the outlook (slide 39) no longer includes Cienaga project - 'cos it didn't work and has been binned; otherwise just a shift in capex from 2020 to 2021.
Production outlook unchanged - more silver, less gold in 2021 and 2022, ahead of Orisyvo production in 2023 anyway.
Still not including Orisyvo spend in 2021 and 2022 outlook (slide 41), as 'not yet Board approved'. At these PM prices it will proceed and they can well afford it - the only issue is how big the dividends will be.
(Small H1 dividend as the results were not that good - H2 will look very different if PM prices stay hereabouts or increase. Subject also to pandemic issues - which they seem to have control over.)
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22/7/2020
17:54 | trader536: Really? Use the 2016 and 2011 highs as your reference points and you’ll see how far FRES has to run
Silver has just taken out the 2016 high, FRES needs to hit £20 (and it will do this year) to match the 2016 high
And what price will FRES be when silver makes new all time highs with production at 75moz?
$100 silver £50-80 Fres????
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