Fresnillo Share Discussion Threads

[aleman] 26/7/2024 11:20

Silver down again to MXN509. Gold holding up well at a high level, MXN43,545. Shame it's not the other way around.

[trader465] 25/7/2024 21:02

…and 1500p by March 2025 👍

If I’m wrong I still make money, do you? I actually grow my accounts from being wrong.

Surprisingly enough I make money from taking small losses before they cause damage, this process allows my accounts to grow. It’s akin to weeding my garden, I remove the weeds and allow the flowers to flourish. The growth is unlimited.

How do you make money if you cap wins at only £250? How long would it take you to make £1m at a couple of hundred a day? How can you ever mulitbag your £1500 account if you limit the upside to £250?


Mentioning £ size of your profit shows you for what you are.
Your account size is very obviously too small to absorb losses small enough in percentage terms to enable profitable professional trading.
You are a real life ADVFN Walter Mitty.

[plat hunter] 25/7/2024 18:30

Tin hats tomorrow boys... 750 by the end of the month though 😂😂

[plat hunter] 25/7/2024 12:42

Complete breakdown all the way out the 4hr chart which has support to be tested at the 100ma circa 580

[trader465] 25/7/2024 12:25

Prat - did you not buy FXPO when I tipped it here?

[aleman] 25/7/2024 12:05

Gold and silver recovering slightly. Does FRES recover? No. Maybe algos are in charge and FRES is saving it for completion of the (second shoulder of the) inverted head and shoulders next week?

[plat hunter] 25/7/2024 11:17

40% by end of month in 3.5 days time... What a 🤡

[aleman] 25/7/2024 10:50

Silver slumped around 5% overnight to MXN515. We'll have to see where it settles when stockmarkets calm. Gold only gave up yesterday's roughly 2% spike and has only fallen back to Tuesday's level. Gold's 50-day has pushed marginally above MXN42,000. It's only ever been higher than that in the past for 7 weeks and continues to rise. Gold is still on course to see its MXN 50-day average hit a new ATH in August.

[plat hunter] 25/7/2024 08:09

Another one of traders losers haha

[pictureframe] 25/7/2024 07:27

Might get a good op to add as this is bound to collapse today given silver and gold price falls overnight.

[ukgeorge] 25/7/2024 07:22

Silver down $1 overnight

[trader465] 24/7/2024 23:33

Possibly, we’ll see how much they achieved on Tuesday. If my numbers are a little optimistic we should see them materialize over the rest over the year. I think silver is going north of $50 over the next year or two

[ark87] 24/7/2024 19:09

Think you being a bit optimistic regarding Silver average price. Apparantly so far this year it's around 26.6

[trader465] 24/7/2024 16:47

Average silver US$23.3 per ounce in 1H23
Average gold US$1,948.9 per ounce in 1H23

They’ve bagged a nice few quid on the metal prices this last 6 months, silver up at least $5 and $300 on gold.

Silver 28moz x$5 = $140m
Gold 270koz x$300 $81m

$221m straight to the bottom line at half year

FRES must be making over way over $500m a year now

[plat hunter] 24/7/2024 16:20

Well what a damp squib that was. Gold is a problem here now, with less and less of it being mined the attributable AISC will be under a lot of pressure.

[aleman] 24/7/2024 16:20

Silver up another MXN7 to MXN542 just this afternoon, and back above the rising 50-day average. Gold also up sharply this afternoon to MXN44,781 and closing in on ATH. Shares turn south. Go figure.

[trader465] 24/7/2024 12:24

Gold was a little disappointing but it’s expected as we reach end of mine life.

Next weeks financials should blow the doors off

[aleman] 24/7/2024 10:17

Silver bounced to MXN535 and playing again with its 50-day average, as the latter continues to rise. Gold through 40k to MXN40,009. MXN spot gold has only ever closed higher on 6 trading days and its 50-day average looks like it could hit a new all time high in less than 3 weeks.

[kennyp52] 24/7/2024 09:25

Hmm .. lots of potential upside with Herradura under-performing but other mines finding higher grades . Overall the best minimum we needed to report but if gold had been better the share price would be moving up a lot quicker. Nevertheless the financials should be very good and hopefully give us another leg up when released

Trader465 .. this was the time to buy .. bargain imho ..

26/03/2024 Bought B741417163 444.44
05/03/2024 Bought B723122233 490.82

Holding for 800p+

[pictureframe] 24/7/2024 08:11

what has to happen to get a decent rise ? lol