Fresnillo Share Discussion Threads

[trader536] 17/6/2021 10:39

Kenny the clown - your first three words are the most sensible you've posted here

[ukgeorge] 17/6/2021 10:04

yes quite possible, fingers crossed gold can hold 1800, the pm shares are very annoying

[kennyp52] 17/6/2021 09:46

I’m an idiot who said 700s were possible with weak support for this share . Needs some very good news or it’s drifting for months .

[cravencottage] 17/6/2021 09:17

Cavalry on their way!!!!!!!!!!

[davidspringbank] 17/6/2021 09:14

Eric, I think so too.

[montyhedge] 17/6/2021 09:14

All gold and silver miners oversold, you know traders always over do it on the downside and the upside. I would imagine stop losses kicked in for the cfd boys. They been scalped, I bet up tomorrow.

[imastu pidgitaswell] 17/6/2021 08:17

Remember 820 was a huge resistance last year - should be a support (end of day prices)

[eriktherock] 17/6/2021 08:04

looks a bit oversold @ 815

[zicopele] 17/6/2021 07:25

Looks like I picked a bad day to give up smoking.

[technowiz] 16/6/2021 21:56

but gold is almost below 1800 now. i'm dreading tomorrow. silver under 27 now.

[montyhedge] 16/6/2021 19:25

Like we said gold above $1800, gold and silver miners making a fortune.

[trader536] 16/6/2021 18:36

Best to be both investor and trader here, long-term FRES is looking great, but the high ATR suggests volatility which is what you need to trade 👍

[eriktherock] 16/6/2021 18:26

There's nothing unusual or negative about a stock being range-bound.
If you can take-in the good information here you'll note that 880ish is the top of the temporary range for the time-being. The bottom of the range probably around 820 (not sure from a ta perspective). So if you're an investor in this superb Business, then hang-in there man. If, on the other hand, you're a trader, then buy and sell at the levels mentioned.

[trader536] 16/6/2021 18:19

Stupid - you are usually pretty up to date on figs. Given the Fres dividend policy of between 33-50 percent of profit after tax, have you used your 30 years experience as a tax fiddler to calculate the forward yield at 850p a share with silver at $27??

[imastu pidgitaswell] 16/6/2021 16:22

It's not a PE of 22.

[trader536] 16/6/2021 14:16

One only needs to look at the silver price rise. June 2020 close was $18.17, June 2021 is up $10.51 (52%) on the year, Fres will be £20-30 next year.

Best thing to do is open another beer and wait. I'd guess the rise will start a few weeks before interims, ie early to mid July similarly to last year.

[lageraemia] 16/6/2021 13:58

Its a going concern with along history and a PE ratio of 22, and that's bang on average for the FTSE 250.

FRES's last set of result were affected by COVID restrictions, and the price they get for their produce is a hell of a lot better than last year.

The yield is also better than a T-bill.

Worse case - PM proces fall to a par with last year i.e. flat performance meaning current proce is unchallenging.

Best case - To the moon if PM prices head in that direction.

[montyhedge] 16/6/2021 13:30

Gold above $1800 for a constant period, these miners making a fortune, bigger dividends to come.

[scepticalinvestor] 16/6/2021 13:13

have 50k waiting on the 780 region, interesting to see how this goes

[lageraemia] 16/6/2021 13:07

Every week that ticks by with Silver around $27.50 and Gold over $1800 makes it more likely the shorts won't wat to carry through the Q2 results at end of July IMO.

The MSCI index thing should have worked its way though by then.

If in the meantime, its an actual business with positive cash flow, resources in the ground with a product which will always attract a bid. The bonus is the positive yield.

[kennyp52] 16/6/2021 10:22

Lol.. the trolley thing is a bit boring now Trader666. Explain the drop when it should be going towards 3,000 you 🤡

[auson1] 16/6/2021 10:17

desertdan,

The shorts are controlling the share price here at the moment. It could still be a legacy from the MSCI selling and a low dividend and / or a hedge against long bets on Silver.
I continue to hold as I am super bullish on Silver which will eventually reflect in the share price. This price is an opportunity.

[trader536] 16/6/2021 09:40

Shouldn't you be at work collecting the trolleys now? 🛒🛒🛒

[kennyp52] 16/6/2021 09:29

Trader536 ..clueless .. going down faster than your ladyboy . All this fantastic knowledge you have and pretty charts and it’s heading to the 700s. You love to lose . Explain the drop .. you can’t . According to you it should be heading to 3,000p . You are the ADVFN 🤡