Fresnillo Share Discussion Threads

[hamhamham1] 15/10/2018 18:34

RBC Capital Markets have upgraded fres.l to 1300p and assigned as their 'Top Pick':

15th October 2018

Fresnillo Plc with EPIC/TICKER (LON:FRES) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘TOP PICK’ this morning by analysts at RBC Capital Markets. Fresnillo Plc are listed in the Basic Materials sector within UK Main Market. RBC Capital Markets have set a target price of 1300 GBX on its stock. This is indicating the analyst believes there is a potential upside of 48.3% from the opening price of 876.8 GBX.

[hazl] 15/10/2018 10:11

fair enough erik

[eriktherock] 15/10/2018 09:47

hazl, You judge me incorrectly.

[bookbroker] 15/10/2018 09:25

I sold last week, but still watching, concern is the new Govt. in Mexico, will they raise taxes, and Pinoles openly voiced his opposition to Obrador, that may count against this company, as register dominated by the majority shareholder, he is very powerful businessman in Mexico, time will tell. Certainly a play on silver price though!

[hazl] 15/10/2018 09:23

Seems to me you must be out eric....or never got in this time....

[eriktherock] 15/10/2018 08:58

I expect that we'll see a back-test of 865 before the rise to 1050. ta perspective

[hazl] 15/10/2018 08:23

Excellent start.

Plenty to look forward to here,in my opinion.

[eriktherock] 15/10/2018 08:17

If(big if)silver has bottomed, we should see some bottom being formed here over the coming weeks. No point in piling-in unless you're taking a long-term position.

[hamhamham1] 15/10/2018 08:08

Randold up 2% so i expect a quick catch up from fres.l

[eriktherock] 15/10/2018 07:48

'The Trend is your Friend'

[ken tennis] 15/10/2018 07:46

Well AU $1223.62 AG $14.67 holding well at the moment so should see an improvement in PM stock today.
GLA holders

[hamhamham1] 15/10/2018 07:43

As they would say on Bloomberg TV.
"I think we are going to see a 9 handle on the Fresnillo stock today"

[hazl] 14/10/2018 19:33

This is interesting I think, everybody has heard of him, Jim Rogers.
It's just another bit of research like anything else.

However,from what I gather he believes we are in for a 'handsome rally'.
Then precious metals will drop again at some point as the dollar is seen as a safe haven .
Who knows?
It's upto the individual what they make of it but Fresnillo looks a good bet to me at this point.

Interesting times.

[hamhamham1] 14/10/2018 18:47

Monday could be interesting.

[hamhamham1] 14/10/2018 18:39

Tin hat time.

[hazl] 14/10/2018 13:16

FOR THOSE NEW TO FRES


Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, listed on the

London and Mexican Stock Exchanges under the symbol FRES.

Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos(1) , Noche Buena and San Julián (phase I and II), two development projects - the pyrites plant, and second line of DLP at Herradura, and four advanced exploration projects - Orisyvo, Juanicipio, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 1.8 million hectares in Mexico and 700 thousand hectares in Peru.

Fresnillo plc has a strong and long tradition of exploration, mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.

Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver per year by 2018, having already surpassed the gold target of 750,000 ounces.

(1 Operations at Soledad-Dipolos are currently suspended)

[hazl] 14/10/2018 13:11

Some interesting questions here.

[hazl] 14/10/2018 11:07

Well it will be interesting to see how this week unfolds after such a dramatic week last week.
However,I think that this will be higher than it is now at some point in the futureand that's the issue,whatever gold and silver do short-term.
I'm sure we are in for a bit of volatility yet..

[eriktherock] 14/10/2018 09:14

Thanks for that LiveWire. I used to use SG for covered warrants until I wised-up to how they set the prices.

That was a timely top-up by First Eagle Investment Management.

[livewireplus] 13/10/2018 19:13

Well SG have announced they are closing their 5x geared silver ETF - 5SIL. So that might be a good sign that silver has indeed bottomed - some financial organisations such as SG seem to open funds when they are in fashion (towards top / over-priced) and close they when things look 'bad' (towards bottom). Whenever silver moved quickly then the spread on the SG widened rapidly to unjustified amount. So I leant one lesson this yeat - not to use SG for silver ETF's .... Lets what FRES can do over next few months...

[eriktherock] 13/10/2018 15:33

hazl, a trader I know personally now residing down-under did mention yesterday that two commodity traders he follows have called the bottom for silver. (yes, we've heard it all before and this time it's different etc.)
Skin in the game for me.

[hazl] 13/10/2018 07:51

I have traded an ETF,in the past, in silver (PHAG) and bought silver dollars with the gain.
Didn't do it in any meaningful way and didn't keep,silver is tricky erik,don't you think?

There are many ways to play it,though agree.

[eriktherock] 13/10/2018 07:22

So when do paper profits or losses become a reality or do you just hold until you die and then the same cycle repeats with the new holder ?
I've been trading FRES over recent months and turned paper gains, and some losses, into paper money to re-invest in physical silver.