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Share Name Share Symbol Market Type Share ISIN Share Description
Fresnillo Plc LSE:FRES London Ordinary Share GB00B2QPKJ12 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -0.13% 1,135.50 1,132.00 1,134.00 1,152.50 1,106.00 1,146.50 1,353,576 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1,598.3 134.8 20.9 55.1 8,367

Fresnillo Share Discussion Threads

Showing 11976 to 11996 of 12475 messages
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DateSubjectAuthorDiscuss
01/10/2020
14:02
Even yesterday, on the other thread, he does his usual - displaying his ignorance of his own ineptitude with his comments on the debt funding buyback - failing to grasp the point at issue and showing with his own words a failure to comprehend basic finance. In summary financially illiterate. And then condemns others for being 'economically and technically illiterate.' He does this time and time again - as per the other thread. So I put this on this thread, as I'm just bored of the moron. But he just can't leave it. Can't you just do yourself a favour, avoid demonstrating your stupidity and stay out of a discussion that you are not involved in?
imastu pidgitaswell
01/10/2020
13:38
I know - and it was almost the only share I was in just six months ago. Extraordinary times, extraordinary responses - and I couldn't think of a better company to be in in the circumstances. It worked, very well. So I know this company and its operations extremely well - all on the other thread. All I am saying is that now, when this has doubled, when other businesses in other sectors have halved (and much more), as silver and gold have moved to multi-year highs (but now off them) it is not so clear cut (for me) to say there is no better share to be in. I am just wary of everyone jumping on a bandwagon after it has already come a long way. For example, a vaccination breakthrough, likely over the next 3-6 months will change the investment landscape. Maybe it should, maybe it shouldn't - but it will. And when I see the world's largest hedge fund plugging an investment that has already performed the way it has over the past year or so, the cynic in me notices. But it's going very well today - the 1200 support was definitely tested, but responding well.
imastu pidgitaswell
01/10/2020
12:58
Imatsu. I agree with some of your comments. mining shares are risky and volatile, this has been the norm. This is my 3rd gold rush, the difference I see in this one is there has never been so much money being printed not just in the US but world wide. The debt levels are at scary heights, possible negative interest rates/rates kept low for years. In my opinion Silver is very under valued compared to other assets, my main holdings is physical and I hold mining shares to get my leverage. You say Silver has gone up a lot? From what price, it touched $50 on the last rush. On the bear market It sold off far too much, I was expecting to go down to around $20, I mean it cost a lot to get out the ground. I feel we have got a good few years to go before this bull market has finished and I would rather own Fres. Than any financial stocks and I feel when we do reach new highs in Silver I can’t think of a better share to be in.
2603
01/10/2020
11:02
The trouble with that is: Gold has already rocketed. As has silver. They are off their highs though. Maybe temporarily, maybe not. The world's largest hedge fund is not run by stupid people. They were not 'going long' at current prices, they were buying it much cheaper. Now they are telling the world to go long, for all the reasons in the article. What do you think the world's largest hedge fund is doing with its holding? I'm not saying that is how it is - but you can see the issue. Fortunately for me, I was long on here at the lows and am currently out. It (gold) could well go considerably higher. But it might not. I get the money-printing dollar devaluation thesis. It has come to pass so far. But from here? Especially on a mining company with pre-existing operational, political and management challenges. And now a global pandemic which Mexico isn't coping well with. (Incidentally, it quotes the police pension fund buying gold for 5% of its fund. What it doesn't say, but was reported in another article, is that the fund leveraged that purchase by borrowing, rather than sold some other assets. Borrowing to buy an asset that is (was...) at an all time high. Mmmm.) Shades of grey and complexity. Tread carefully and don't assume it's one way traffic, despite what many would tell you.
imastu pidgitaswell
01/10/2020
10:54
hTTps://moneyweek.com/investments/commodities/gold/602083/its-getting-harder-for-big-investors-to-ignore-gold?utm_campaign=money-morning-newsletter&utm_medium=email&utm_source=newsletter
ifthecapfits
01/10/2020
08:36
Trader536 cherry picks reports dependent on whether he is buying or selling . The share is off a high that was ramped by nutters like him . To counter his ramping .. As stated in our production report of 22 July, we have revised our consolidated production guidance. Total gold production guidance was decreased to 785-815 thousand ounces (815-900 thousand ounces previously) mainly due to the COVID-19 operational restrictions at the Herradura district in the second quarter. Total silver production guidance (including Silverstream) remains within the range of 51-56 million ounces. Investors are forward looking... until they get the production sorted the price will be volatile . Keep any eye on exploration and CAPEX ... eats cash .
kennyp52
30/9/2020
22:10
Bet you get your pants pulled down here tomorrow BumRaider365
plat hunter
30/9/2020
21:45
I agree. This cyclic PM bull is fuelled by money supply and will run for a good few years. Try telling that to the economically and technically illiterate muppets here. Most poop their pants at every pullback because they lack knowledge and experience, they therefore have very little chance of riding the PM bull any distance.
trader536
30/9/2020
21:24
Its only just started trader!
saint in exile
30/9/2020
20:25
Q3 2020 has seen the highest average silver price for seven years. I expect the silver bull to continue in future quarters and follow gold to new all time highs in 2021/22....
trader536
30/9/2020
19:48
https://mcusercontent.com/b268a38a165b03979d95268dd/files/ebbf4508-5b89-4c73-a2f7-e5184a7e3dfc/Chartbook_of_the_IGWT20_The_Dawning_of_a_Golden_Decade.pdf?utm_source=Research-Verteiler&utm_campaign=b492edcb52-EMAIL_CAMPAIGN_2019_10_22_0
bogotatrader
30/9/2020
17:20
The processing of stoping ore stockpiled during the construction of Juanicipio was due to start in Q3 2020, so that should give a nice boost to year end figs.
trader536
30/9/2020
16:28
Agreed, it is odd, I am looking for clarification soon. I would have expected an explanation up front of the strategy in conjunction with the decision to buy back the Notes.
roguetreader
30/9/2020
16:25
Well yes. Something like $250m-$300m generated in operating cashflow. But they have to pay for capital spend and (if they are nice) dividends. Basically they have not just generated a spare $550m that they can use to pay down debt (they will over a longer period at these prices - but there are tax efficiencies in having debt, as the interest reduces their taxable profit). So wondering where it is coming from. Pretty sure it is new and different borrowing - but they are not saying.
imastu pidgitaswell
30/9/2020
16:21
The silver price shows Fres have obviously had a fantastic third quarter...
trader536
30/9/2020
16:16
11937 - and the relevance of that is?
imastu pidgitaswell
30/9/2020
16:14
11936 - Agree with all of that - I just think it's a bit odd to come up with a commitment to spend over half a billion dollars buying back their debt with no indication of how they are doing it. It's obviously a choice, they didn't have to do it, but no information on why and how. Odd.
imastu pidgitaswell
30/9/2020
16:13
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
trader536
30/9/2020
16:06
IMA short answer is don't know. My 'guess' is that they are looking to borrow going forward at a cheaper rate(interest rates are likely staying v low or going down further over next two years IMO)and they have a better deal lined up?? and / or They are looking to reduce overall borrowing levels going forward through utilising improved cashflows. I don't think asset sales likely unless they are pre-production but TBH I'll be interested to see what develops.
roguetreader
30/9/2020
12:16
Nobody interested in the efforts to buy back their $800m debt? Why are they doing that, and with what - cashflow, more (replacement) borrowing, assets sales? Why the 6% (non compound) of $120 premium for each $1,000 over 2 years to current redemption date when the coupon rate is 5.5% - i.e. paying more than they have to? Implications for future financing and dividends? And the current take up rate (c60%) per the RNS and why extended? Nope, just the metals price and meaningless price predictions - never mind production (future production is what counts, as per the half year slides), never mind operational risks, political risks, pandemic risks. About time someone put up a chart - end of the month and all that? Resistance/support? Edit - from the 1pm RNS: "The total cash payment to purchase on the Settlement Date the Tender Securities validly tendered and accepted for repurchase, including accrued and unpaid interest, will be approximately US$550 million." Where are they getting $550m from?
imastu pidgitaswell
30/9/2020
11:13
Space, thats the most stupidest comment I have ever read on this bb today
2603
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