Fresnillo Share Discussion Threads

[topicel] 21/3/2017 22:14

Lol, rich ones though...

And now with an ex-Chancellor to boot.

Topicel

[the_equaliser] 21/3/2017 20:54

Topicel

No idea but

Gold 1,244.85 +10.85 +0.88%
Silver 17.547 +0.109 +0.63%

There only humans
;o)

[topicel] 21/3/2017 16:38

Another Blackrock Holdings RNS then the equaliser?

Also stating dipping under 5% as before which you said was actually an increase. What occurs?

Topicel

[topicel] 16/3/2017 16:18

Lol, more like £15 it seems...

Topicel

[tsmith2] 16/3/2017 09:22

£16 or so hurdle but think this going to just go straight through

[topicel] 16/3/2017 08:57

I think £18 is the very least target. Never forget the true market reaction on the evening Trump won was rocketing PMs and weakening dollar until the humongous paper dump - apparently over a year's production in three days - shorted them down massively.

The leveraged stocks crashed as a result of course and many sold into that as stops were hit and Trump euphoria shot investment stocks into the stratosphere.

All we are seeing is the reality returning and, as they used to say in the old Hollywood movies, "you've got no bullets left, I've counted six shots" etc. Not much more ammo to prevent a rebound so it will be allowed to run up.

Today we need to see a new year to date high held, about £15.85 I believe, then we should attack £18 quite quickly to get back to that Trump night level. And then...?

Topicel

[the_equaliser] 16/3/2017 08:56

Top 😉

[topicel] 16/3/2017 08:48

And dollar weaker is baked in for Trump, which, in case you been sitting with your eyes shut since Brexit, is good for exports.

Close your short quite quickly old boy.

As EQ has intimated, this should mean PMs run up again for a couple of months, at least until more Fed speakers start hinting at May. But by then the stats will be worse for the US economy, or inflation will be getting ahead too much so any small rises will simply be playing catch up and real rates will still be negative!

And need we mention the debt ceiling limit has now been brought back into focus and is days away from being hit so government spending has to halt? Last time this happened gold went to 1950 and silver almost 50 bucks, even a hint of that coming down the line would send the leveraged PMs back to new intraday-year highs IMHO.

But keep ignoring economic and political realities and listening to MSM bookbroker...

Topicel

[tsmith2] 16/3/2017 08:48

Break out to £18?

[the_equaliser] 16/3/2017 08:43

Investors need to keep safe in PM's while "trump" is confused :O)

[bookbroker] 16/3/2017 08:39

Think I'll just stick to high yield utilities, we all need to cook and stay warm!

[the_equaliser] 16/3/2017 08:31

Just for your "short" comment ;o)

"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.

"We continued to optimise our operations in 2016; we not only made good progress with our development projects but we also increased our resource base.

"The pyrites plant and second line of the dynamic leaching plant at Herradura advanced largely according to plan, with commissioning of both due in 2018, and our exploration work resulted in an increase of our resource base at our operating mines and at projects where we have identified strong potential.

"Our solid operational performance, together with higher prices, lower costs and the favourable effect of the devaluation of the Mexican peso allowed us to almost double the cash generation from our mines.

[bookbroker] 16/3/2017 08:20

Sell the rise, this co. already flagged lower production this year, Trump does not want to dollar to strengthen any more if his grand plans to reduce corporate taxes come to fruition, ultimately this will destroy US exports!

[the_equaliser] 16/3/2017 08:07

Gold 1,225.45 +24.75 +2.06%
Silver 17.473 +0.550 +3.25%

[the_equaliser] 16/3/2017 07:37

"The_Equaliser
9 Mar '17 - 19:56 - 4445 of 4468 0 0 Edit
I think you will see a rise soon. Just after rate rise. Just like December 😉"

:O)

[goldenshare888] 16/3/2017 07:22

BUY, BUY, BUY - Be right and sit tight!

Trying to trade this BULL is a mugs game in my view, many are getting washed out!

:))))

[dt1010] 16/3/2017 06:09

Hahahaha massive day today here and Hoc and hgm

[the_equaliser] 15/3/2017 19:14

Gold 1,215.50 +12.90 +1.07%
Silver 17.218 +0.295 +1.74%

[the_equaliser] 15/3/2017 18:06

After .25% hike
see PM
Gold 1,211.95 +9.35 +0.78%
Silver 17.127 +0.204 +1.21%

consensus 2 more rise as solid

Markets had this included
PM could be strong for next 1-2 months

[topicel] 14/3/2017 16:29

I must have misread the first one then EQ.

That, I thought, had them dipping below 5% as declared voting rights?

Topicel

[the_equaliser] 14/3/2017 15:04

Blackrock increasing holding. Last 2 rns

[the_equaliser] 14/3/2017 11:17

Gold 1,203.65 +0.55 +0.05%
Silver 17.008 +0.036 +0.21%

possible strength been shown of futures tp pm
again noise is possible 3 hikes but as we said, could change to 2 depending what happens in USA economy if it softens up which could happen