Fresnillo Share Discussion Threads

[scepticalinvestor] 21/5/2021 11:24

Looking good today.crikey but are there some dodgy posters on here or what lol

[kennyp52] 21/5/2021 10:54

I own the trolleys you idiot 🤣🤣🤣🤣

[trader536] 21/5/2021 09:43

Kenny the clown - it’s Friday shouldn’t you be at the supermarket collecting trolleys? 🛒🛒🛒

[imastu pidgitaswell] 21/5/2021 09:24

"Oh, no it isn't..."

:-)

[kennyp52] 21/5/2021 09:23

Trader536 .. have you not read the production and profit warnings ? This is why the share price is depressed and currently not going anywhere . Ramping will not change that .

[timbo_slice] 21/5/2021 09:10

I think its more of a sell on the rally buy on the retrace thing....

[technowiz] 21/5/2021 08:26

what is lageraemia on about. why is 890p a resistance? there is resistance up to 940p. 890p could be support as its above the 20 DMA.

[rarther] 20/5/2021 23:06

I heard Rick Rule recently saying (on an obscure youtube vid of which i do not have a link to hand, sorry) that Fresnillo is a very cheap way to get exposed to silver price increases, but he is filling his boots with Penoles instead due to them owning a huge stake in Fresnillo and having greater (incorrectly perceived?) political risk due to being a Mexican-listed company. He says buying Penoles gives you the same Fresnillo shares at a lower PE and higher yield than buying FRES outright.

Anyone doing this?

[lageraemia] 20/5/2021 19:37

Everyone getting ready to sell at 890p ay 9am and then buy back at 865p at lunchtime tomorrow?

Meanwhile, PM prices are spending their 6th months well over $1750/$27 on average.

Kerching on the cash flow baby.

[bogotatrader] 20/5/2021 19:26

Flows likely into gold and silver likely -

[trader536] 20/5/2021 18:45

I can't remember the Juanicipio production attributable to fres, I think 11moz or something, (perhaps 50% of that) but not sure without looking back. Stupid is usually quite good at doing the legwork perhaps he/she can inform us of expected silver production increase over the next 12/24 months?

[lovewinshatelosses] 20/5/2021 17:29

Here is most certainly hoping so, trader! Not sure I can see myself holding off from undertaking a top slice at some point before then, simply for risk management purposes, but certainly well north of this price.
Need to keep some powder dry at the same time, but it is difficult to do so with something like this, which feels like a no-brainer, all in all. Anyway, we shall see soon enough.

[trader536] 20/5/2021 17:11

The longer term correlation looks even more exciting, FRES is too low

£20-30 Fres looks nailed...

[trader536] 20/5/2021 16:57

I'd guess a big pop in the FRES price will happen within the next three months

[trader536] 20/5/2021 16:56

One might be forgiven for not realising FRES is fully exposed (apart from 7%) to the silver price and is the worlds largest silver producer ...tick tock

[trader536] 20/5/2021 16:51

Aye, it looks very interesting, there's a market inefficiency that the smart can exploit ;-)

[lovewinshatelosses] 20/5/2021 16:40

Snaffled a few more just before the bell. Ready for a final top up if we do see a similar price action tomorrow and then all being well, just a matter of sitting back and seeing how the next stage of the cycle plays out. GLA.

[imastu pidgitaswell] 20/5/2021 16:25

Nope. Can you?

[trader536] 20/5/2021 16:18

Stupid - can you post a 1 year correlation chart for fres and silver?

[trader536] 20/5/2021 15:49

It still hasn't breached the monkeys bottom from yesterday, all is looking good, sit tight for H1 results in 9 weeks or so. North of 1200p is a walk in the park for Fres....

[finctastic] 20/5/2021 15:45

Yeah defo a better buy at 865 than 1865. Lol