Fresnillo Share Discussion Threads

[jason_scrap] 18/5/2021 15:53

Msci index is also driven btw.... can an algorithm forecast where silver and gold are likely to be in 3-6 months due to inflationary pressures etc..? I don't think so. Can an algorithm accurately project the free cash flow for the next set of financials and beyond with the opening of Juanicipio etc...? I think not lol. Current price is a gift horse, do not look it in the mouth. The word "Dropportunity" comes to mind... GLA

[trader536] 18/5/2021 15:49

Probably a good time to buy for long-term PI's, just as it was when it dropped from the FTSE100 last year at around 500p.

[desertdan] 18/5/2021 15:43

It is going down as the MSCI world Index has dropped Fres this quarter effective 27 May
Trackers in the UK have till then to sell out

[trader536] 18/5/2021 15:40

monty - its down cos the price fell

[finctastic] 18/5/2021 15:34

LOL A watched kettle never boils

[montyhedge] 18/5/2021 15:01

Just wondering Antofagasta down on possible mining tax by Chile, is this down for potentially the same thing from Mexico, or is it something else why they are down?

[trader536] 18/5/2021 14:41

Here's the long-term FRES chart, compare the monthly silver closes with FRES and it's pretty obvious that FRES will follow and eventually outperform the silver price due to its leverage to silver....

[ukgeorge] 18/5/2021 14:20

That is why I also bought some, silver and gold heading back up, Fres yet to follow, chart looks to have put a good base in fingers crossed for a sharp run up into the teens.

Poly and cey already on their way fres to follow (hopefully)

[lovewinshatelosses] 18/5/2021 14:14

I am inclined to agree with those who see this as a nice little opportunity today, so have added a few more myself. Decided for the sake of a fairly small sum in real terms that it was not worth sitting back waiting for sub 900 to come. Anyway, some decent sunshine for once, so that is enough market watching for me for now! GLA.

[imastu pidgitaswell] 18/5/2021 14:12

I was mentioning this yesterday - a period of up/flat followed by a swift surge.

You can see it in the header - a choppy (and very lucrative 6-9 months - no buy and hold then...) up to July 2020 and price of 820 (you can barely notice the pandemic plunge), followed by the subsequent surge.

I think we might see something similar, but with a shorter 'choppy' phase, just 'cos silver is so much higher and likely to stay so.

[trader536] 18/5/2021 14:06

When FRES moves it can move fast

last year 670-1330, 98% in 3 months

2016 680-1980, 191% in 5 months

[wallywoo] 18/5/2021 13:56

It's not surprising given that this level has been a major support and resistance level over the years.However, once broken there's very little resistance until 1200. Looks like a low risk / good reward bet to me. Picked up a few more at 898.

[trader536] 18/5/2021 13:45

I know you're a clown 🤡

The long-term silver price is all you need to look at, simply buy and hold tight, unless like Kenny you have a £500 spread bet account leveraged to the max

[kennyp52] 18/5/2021 13:33

...and its down ... trader666 ... you know nothing.

[trader536] 18/5/2021 12:47

2020 average achieved silver was $21.3

50moz @ avg $27.3 gives FRES an extra $300m on silver alone.

[imastu pidgitaswell] 18/5/2021 12:35

Does nobody read anything before they post? It's highly like that this is the factor (thanks diggy) going against the massive rise in silver:



It's great trading opportunity - and these gimmes don't come around too often.

[trader536] 18/5/2021 12:23

Because the price went down ;-)

Get used to volatility if you want to hold FRES. I've seen it move up to 10% some days with no logical explanation.

[kennyp52] 18/5/2021 12:20

Weak share being played or a big seller dumping it before the next RNS ... either way does not inspire confidence . 40p off since this morning on no news and POG holding ... unreal .

[lukehold] 18/5/2021 12:12

Why the drop?

[trader536] 18/5/2021 12:04

Silver in the thirties FRES will be raking it in, and with Juanicipio coming on stream this year, 2021 & 2022 financials should be excellent.

[imastu pidgitaswell] 18/5/2021 12:03

It wasn't well played - first bought back at 917. But bought quite a few more lower.

We'll see, but silver where it is, it's a hold regardless. Until it isn't.

[trader536] 18/5/2021 11:59

Well played Stupid. I noted the gap up but had to go out, so I didn't take the opportunity. I certainly didn't expect it to drop so low.

[wallywoo] 18/5/2021 11:59

Silver is having a third attempt to break up from this level in 6 months. All factors (other metal prices, inflation, money printing, seasonal) point to this being likely.If the silver price shoots up into the 30's, then money will flood in here IMO.

[imastu pidgitaswell] 18/5/2021 11:51

Well who knows - but I think this might last maybe the rest of the week - just a selling programme for the day to be delivered, because they have to.

And if it starts at say 9 - 9.30am, then sell in the first hour, buy back around now or earlier and collect in the afternoon. A nice U shape to the day.

What could possibly go wrong? 😉



free stock charts from uk.advfn.com