Fresnillo Share Discussion Threads

[finctastic] 18/5/2021 11:04

Cashed in alot of positions across the board earlier including ISA holdings that were meant to be keepers. No idea if I was right or wrong. Certainly wrong on Poly I feel. Dry powder though....

[imastu pidgitaswell] 18/5/2021 11:01

AS per yesterday, it is being cut from the MCSI index - so a number of fund holders are disposing.

Countered by the price of silver pressure upwards, it's (briefly) going to be volatile and a trader's dream.

If only they told us when (what time) they would be selling...

Swapped some POLY for this at 896.

[charles clore] 18/5/2021 10:54

Had a few c.910

[finctastic] 18/5/2021 10:49

I'm back in now but solely based on it being the mid point between my av position bought yesterday and my sell price earlier. Who knows.....

[lovewinshatelosses] 18/5/2021 10:38

This must be an institutional seller. I cannot see any other reason for the share price action, given where silver is - and has been - for some time now.
Looks like I might need to use some dry powder for another top up if we return to the mid-800s. Anyone been buying in the 900's this morning, or also waiting for a lower number?

[imastu pidgitaswell] 18/5/2021 10:21

And again - fell further than I thought. Back to see what happened later.

907 with silver at $28.5. Go figure...

[timbo_slice] 18/5/2021 10:16

Same pattern as yesterday... eventually I'll take advantage of this....

[imastu pidgitaswell] 18/5/2021 10:07

These competing pressures (silver up, MCSI index booting) are making for some great swing trades intraday.

Opening gap filled, adding back the 940 sales.

[trader536] 18/5/2021 07:48

Sliver up nicely, a rise for FRES is on the cards today

[trader536] 18/5/2021 07:45

Mi kowji, pood thai nig noy karp

[diggybee] 17/5/2021 23:47

Nare non Khun trader krub phom. Bang kran khun poot maak nit noy na...teh diow nee poot took tee soot!

[imastu pidgitaswell] 17/5/2021 20:52

1. Capex - Orisyvo and Rodeo, plus Juanicipio
2. Dividends
3. Some $300m to repay when the old facility expires (can't remember exactly)
4. (after the problems of 2019 and early 2020), cash for a rainy day.

edit - $320m to repay from the old facility, in 2023. Basically short term extra borrowing for the big capex on 1, above

[wallywoo] 17/5/2021 16:36

Lol, well no one can say fres is boring to trade. Down 2 percent, finish up 3.5!!!Chart is looking at a reverse head and shoulders pattern now. Once the trend changes this will move quickly.Fres had over a $1B in cash in December. I would imagine that is a lot higher now. I wonder what the plan is for that??

[technowiz] 17/5/2021 15:37

you're telling me. reduced this am at 907 back in at 883p then out 904p.

[timbo_slice] 17/5/2021 15:25

Crazy price action

[finctastic] 17/5/2021 11:04

Tracking gold down for now but I would expect a bounce back sooner rather than latter given the sector strength.

[wallywoo] 17/5/2021 10:20

Fres still in a down trend. Ft100 companies can react weirdly to chart analysis IMO. Just a reason to keep buying IMO. Silver price is a average 70 percent higher than last year. Results will be stunning and precious metals likely to explode soon.A no brainer!!

[imastu pidgitaswell] 17/5/2021 10:15

Ah, OK. On grounds of market cap?

My recollection is that the last time this happened, all the selling occurred before the actual deadline - and on the date itself nothing really happened. Probably what we're seeing in recent weeks and today.

That might work quite well - POLY dividend being paid 28/05. Mine might be going here... Plus my AWOL DC employer pension pot, if they ever bloody sort it out...

[diggybee] 17/5/2021 10:00

Ah getting deleted from an msci index may 27. Prob can wait to buy until then

[imastu pidgitaswell] 17/5/2021 09:48

Swapped some POLY for FRES - after a requote. Bit weird. Suspect a broker downgrade?

[kennyp52] 17/5/2021 09:17

Because it’s a shocker of a share Umat .. but I’m in on the hope at some stage it will hit 1200+.

[diggybee] 17/5/2021 09:13

A conundrum indeed.

[imastu pidgitaswell] 17/5/2021 09:02

How does a FTSE100 stock fall 3% in half an hour (while I'm in the shower...) when the silver and gold price doesn't move?