Fresnillo Share Discussion Threads

[trader536] 07/6/2021 15:24

US$15.2 per ounce in 1H19

US$16.8 per ounce in 1H20

US$27 per ounce in 1H21??

We should see the share price fly in the run up to interims on 3rd August

[imastu pidgitaswell] 07/6/2021 15:00

I had H1 silver prices last year at $16.8 ('cos they told us) and this year at $26.6 (from a visual punt on the YTD chart).

Which is indeed a 60% rise, give or take.

So have silver half year operating profits up $270m, gold up another $100m or so. In the bag already.

And that's with a gold production of 180koz for the quarter - and 150 koz for Q3 and 142koz for Q4 to try to stay within their 'official' forecast. They managed 228 koz in Q1 - the gold production forecast is going to rise methinks.

[trader536] 07/6/2021 14:57

The schools in the UK must be still closed?

[trader536] 07/6/2021 14:53

"And it is fairly Critical that silver rises"

That has already happened, its up 60% on average achieved price in 1H 2020.

1H 2021 interims will show huge increases on 1H 2020

[finctastic] 07/6/2021 14:46

It's all about how ripe you like your cherries, if indeed you even like cherries. Either way it's a great harvest and at current prices I would think safe enough to just keep on picking. Fres moves we know that it's just making sure you are aboard when it does. Only risky for the shortes I recon.

[imastu pidgitaswell] 07/6/2021 14:43

To be fair Diggy, that's not the bet for me. The two mega gold mines being introduced - Rodeo and Orisyvo - are compelling investment reasons.

[diggybee] 07/6/2021 14:40

And that basically is the bet. Pretty much everything else is noise. And it is fairlyCritical that silver rises.

[trader536] 07/6/2021 14:33

My average closed trade length in FRES is 133 days. As we saw last year it can rise rapidly in just a couple of months, so its worth holding for the larger % gains.

I'm still holding some positions bought at 680p last year, I may well be still holding them in a couple of years. The dividend policy is to return 33-50%, if silver makes new highs the yield on the 680p shares will be substantial.

[imastu pidgitaswell] 07/6/2021 14:28

Well to be clear, I won't be selling them all for 10-20% more; just some. All the way up and will decide later how much more to sell and for how much. Depending on external factors such as political, financial, operational, PM prices and management factors, plus the golf conditions.

Just keep taking the cash...

[finctastic] 07/6/2021 14:18

I agree with Stupid yet again. Great minds!

[imastu pidgitaswell] 07/6/2021 13:54

Quite similar Tim - still happy to trade a few thousand with the swings and the keep the cash ticking along, but the core (30,000 or so) is being held for the pending move. Same with POLY.

Even if it's only 10-20%, that's fine for me.

[diggybee] 07/6/2021 13:24

If you think price of silver should be more than 20% higher by the year end then buy. If you think price of silver lower than where it is now going forward, then probably best to keep your hands in your pocket.

[timydogy] 07/6/2021 13:13

Same here. When it bobs along at these levels, it's an accumulation time prior to strapping in for take off.
I'm waiting for it to touch 850p before adding more. I'm already in with ~35k shares. I know too bigger pot but the price on production results day will make this price look like BP at 200p.

[timydogy] 07/6/2021 13:12

Same here. When it bobs along at these levels, it's an accumulation time prior to strapping in for take off.
I'm waiting for it to touch 850p before adding more. I'm already in with ~35k shares. I know too bigger pot but the price on production results day will make this price look like BP at 200p.

[technowiz] 07/6/2021 12:53

trader. im back in here with a big chunk. its not bouncing today. any comments? thinking of adding more shares but wondering if this could sink lower.

[trader536] 05/6/2021 11:37

Kenny the clown - look at FRES dividend policy, look at the silver price and work the rest out for yourself, you clueless muppet.

[bluearmy1] 05/6/2021 08:10

March Silver ContractsIn terms of March silver delivery contracts, there are 11,660 open contracts representing over 1813 tonnes of physical silver. To put that into perspective, the current figure is already 361 tonnes higer than the December contract, the biggest delivery month of the year to date.

[finctastic] 04/6/2021 21:52

The Chinese certainly seem to be able to manipulate commodity prices at will regardless of the value the rest of the world puts on them. Why not currencies as well as PMs. Covid conspirators out there with some interesting theories.

[bogotatrader] 04/6/2021 21:29

From Goldmoney.com -

The dollar is set for a mighty fall
The other side of a rising gold price is a falling purchasing power for the dollar. And it is unlikely to be restricted to gold. The signal from a strong gold price to foreigners holding $30 trillion of dollar denominated financial assets and deposits will become clear: the sucker is going down. Foreign liquidation will undermine financial values and dollar interest rates will have to rise, undermining them further. What price the gold-dollar exchange rate then?

The balance of power in the financial war between America and China will have shifted significantly. The assessment the Chinese will make includes their view on President Biden and how his administration will react. They probably think of his administration as more predictable than that of his predecessor. But the Democrats subscribing to woke agendas are a signal of fundamental weakness and a lack of firm political direction. And as long as the war remains financial, the US military complex will remain on the side-lines.

There is little doubt that the demise of gold and silver paper markets is set to push dollar prices higher. It could be that China takes the view it is better to watch the Western financial system disintegrate while it learns to love gold again. Alternatively, it could take the view there is no better time to kick its opponent when it is down. It will probably depend on how far China’s plans are developed with respect to its own self-sufficiency.