Fresnillo Share Discussion Threads

[leoneobull] 12/6/2021 05:09

https://www.zerohedge.com/markets/markets-have-bought-feds-transitory-narrative-hook-line-sinkerInflation....transitory spike or more sustainable duration?

[kennyp52] 11/6/2021 19:45

Leoneobull .. it’s largely down to a poster goes by the name Trader536 . Whatever he ramps usual goes down the tube . Other than that it is refreshing that someone else appreciates that they have reported a production issue as this pretty much seems the main reason along with a general out of favour sentiment for miners while the worlds markets have gone risk on taking their indices to all time highs . Who knows anything these days 🤷‍a94;️

[leoneobull] 11/6/2021 18:05

How come FRES was over 13 pounds last August September but is now struggling to hold 850p? I gather they had production difficulties or at least production came in a bit lower than expected but the silver price is massively Up YoY.Didn't follow FRES very closely for a year so explanations welcome

[cravencottage] 11/6/2021 17:16

Good old fashioned " Market Manipulation" Awaiting the cavalry to get FRES back at the races again!

[finctastic] 11/6/2021 16:30

Shorting at play here.

[chienti] 11/6/2021 16:26

A very pale shade of blue!

[stevenrevell] 11/6/2021 16:24

Is this blue or is it my eyes

[imastu pidgitaswell] 11/6/2021 16:03

It is a bit odd. Silver bottomed its most recent decline, which started in January after (briefly) touching $30, at the end of March, when it was just under $24. Now over $28 again, some $4.30 or so higher, yet the FRES share price is actually down since the end of March. As per some recent posts, with silver production this year forecast at 57 million oz, that's an additional $57m for every $1 increase in the price. Or $250m cash per year, give or take. Similar story with gold - up $200 since the end of March, and therefore FRES will make an additional (700 koz forecast - I think higher) $140m per year compared with the end of March position. Total annualised cash generation increase of $390m (call it $400m). Take off tax, maybe a few costs (but no more production costs - it's independent of price), say $250m, and then put a multiple (15? 20?) on it and you're looking at a $4-5 billion market cap increase, or over 50% of the current market cap. Yet the share price is actually down. Weird. Patience...

[timbo_slice] 11/6/2021 14:56

Sell into any rally. You'd almost think this share has no relation to the price of silver .....

[desertdan] 11/6/2021 12:18

Sellers are still out there

[eriktherock] 11/6/2021 11:56

It's not a floor, it's a ceiling.

[heialex1] 11/6/2021 08:54

Looks like it might have found a floor from which to hopefully build on

[scepticalinvestor] 11/6/2021 08:20

Loverly hubberly

[finctastic] 11/6/2021 08:05

The Fed are trying to fool everyone into believing the announced inflation rate, which is already way underestimated, is just a temporary blip. When reality kicks in the believers are gonna get quite a shock. With this reality the mining stocks will align to more accurate levels against the PM rises if not before as I expect. It depends if investors believe what they are told to see or what they actually see.

[plunger2] 11/6/2021 07:46

I note that the AGM is 24 June. One would hope that they could manage to say something positive. The wretched share price performance relative to silver price and relative to most US equivalent outfits should be a cause of annoyance for them if nothing else.

[leoneobull] 11/6/2021 06:32

Gold through 1900, silver through 28.25 usd. Cmon Fres, catch up time

[cravencottage] 10/6/2021 22:20

If you look at the graphs over the last Qtr on POLY and FRES it's quite clear if it wasn't for the forced selling FRES should be trading at @£10.80 No doubt all the Hedge Fund Managers are licking their lips at the prospect of a mega summer bonus... Forget Spain and Portugal for your holidays they're all be on their private jets to the Caribbean.. Keep the faith.

[montyhedge] 10/6/2021 19:39

If Chile and Peru bring in a mining royalty tax, I bet Mexico will jump on the bandwagon.

[trader536] 10/6/2021 17:10

Don't worry about the FRES price, look at the silver price and buy FRES, it will eventually take care of itself Too many people here looking to be millionaires tomorrow, things don't happen that way.

[technowiz] 10/6/2021 16:14

that resistance can become support. then it helps the share price go to new highs.

[eriktherock] 10/6/2021 15:36

No good talking it up or down really. The market decides and is always right. We have resistance around 880p so not a lot of upside attraction at the current level. That said, there's nothing to fear from adopting a position which stands out from the prevailing opinion.

[lageraemia] 10/6/2021 15:31

Oversold on the MCD daily chart since January 15th!

[jason_scrap] 10/6/2021 13:53

In truth.... mainly negative momentum. It works both ways, markets tend to over react... and the big caps take longer too turn but when the do it can be epic!!!

[desertdan] 10/6/2021 13:43

Employment and inflation figure just released both supportive of PM prices late day lift?

[desertdan] 10/6/2021 13:33

What is behind the slippage now that MSCI selling is complete? I can only think of three possible issues all of which don’t stand up to closer scrutiny 1) political risk? But the Mexican elections have not changed anything and in fact the situation in Peru should lead to further silver shortages that should benefit Fres? 2) The reassessment of the current assets in the ground vis a vis mine life on the existing assets however this is surely made up in spades with the new mines coming online and there is still more than enough left in the existing assets 3) COVID effects on production however these are already priced into the conservative production figures for go,d and silver which the company reiterated as unchanged in the Q1 production report. The silver price has been between $24 and $28 for all of Q2 to date well above what it was on average in All four previous quarters. Or is it something completely different I have missed The current share price is certainly completely detached from the current silver price however other PM miners on the FTSE are all struggling too such as Poly Centamin pOG etc whilst those in the US AP seem much more in tune with PM pricing It could also be that investors are expecting bond yields to rise with inflation however I’d inflation is greater than yields as is anticipated this is no different from negative yields now it is surely the differential that matters not the rise in yields?