Fresnillo Share Discussion Threads

[montyhedge] 28/6/2021 12:01

We want Wall Street Betters and Reditt boys to have another go at buying physical Silver squeeze the bears.

[scepticalinvestor] 28/6/2021 11:52

looking good

[eriktherock] 28/6/2021 08:25

It may look as 'disposal' however it's 'accumulation'

[timydogy] 28/6/2021 08:13

Some odd goings on with these shares.


Date Time Price Volume B/S Bid Ask Value

25-Jun-21 17:42:34 806.50 2 Sell* 800.00 837.00 16.13 O
25-Jun-21 17:14:22 806.363 66 Sell* 800.00 837.00 532.20 O
25-Jun-21 17:22:18 804.365 11,050 Sell* 800.00 837.00 88.88k O
25-Jun-21 17:22:22 802.724 29 Sell* 800.00 837.00 232.79 O
25-Jun-21 17:18:28 806.506 1,273 Sell* 800.00 837.00 10.27k O
25-Jun-21 17:25:58 806.40 62 Sell* 800.00 837.00 499.97 O
25-Jun-21 17:24:54 806.40 2,314 Sell* 800.00 837.00 18.66k O
25-Jun-21 17:26:55 806.40 1,222 Sell* 800.00 837.00 9,854 O
25-Jun-21 17:36:25 806.80 1 Sell* 800.00 837.00 8.07 O
25-Jun-21 17:36:30 804.341 2,087 Sell* 800.00 837.00 16.79k O
25-Jun-21 17:41:51 807.742 1,966 Sell* 800.00 837.00 15.88k O
25-Jun-21 17:42:07 804.96 25 Sell* 800.00 837.00 201.24 O
25-Jun-21 18:28:27 803.623 350 Sell* 807.60 808.40 2,813 O
25-Jun-21 18:28:26 805.095 1,134 Sell* 807.60 808.40 9,130

[imastu pidgitaswell] 27/6/2021 21:32

Pete - I don’t know, as that post states but I do know how much money they’re making.

And yes I do realise the market should know as well - but I’m not convinced they’re paying any attention to it. Being a relative veteran of this share I’ve seen many moves which are difficult to explain - in both directions. I was very surprised at the extent of the rise around this time last year (from 820 to 1250 odd) particularly as it had spent so long below 820. But I wasn’t complaining (much...). 😜


free stock charts from uk.advfn.com

[lovewinshatelosses] 27/6/2021 20:50

I would assume traders who buy the 'transitory' inflation narrative and thus are eating a small loss here to chase other stocks where they can avoid the opportunity cost of sitting tight in PMs - assuming transitory is correct. Which it may be of course. Or FRES/Mexico specific fear. Or perhaps the feeling that a commodities crash is pending. If the latter does happen, I will buy more, because that I think would be 'transitory'.

[timydogy] 27/6/2021 20:18

What I don't get is who the hell is selling at 807p. Looking at the sells under £2000 on Friday they must be losing money.
The lowest bid accepted can't be any lower than 802p. Add tax and buying and selling costs on a low volume buy. Just to break even you would need to sell at 809p.
Buying £50k at 803p, including costs you would need 807.4p just to get you're funds returned.
So how can or why would all these sells go through under 808p. They are either losing money or breaking even at best.
Anyone explain?

[eriktherock] 27/6/2021 19:01

Has a ring to it 'Frespharma' (Enjoy your jabs, just like honey)

[pete160] 27/6/2021 16:17

a great post Imastu.
I'm also very heavily into Fres (but more as an investor not a trader)

However, I struggle with the notion that the upcoming results are going to be the catalyst for a positive re-rating.

Surely, as you say, the factors such as commodity prices are known and already factored in to what the results are expected to look like ?

Fres has previously provided guidance on quantity and quality of what it expects to produce, so unless they are going to exceed those (and they have a nasty habit over several years of doing the exact opposite when the facts are revealed) where are people thinking that the surprise going to come from?

[kennyp52] 27/6/2021 14:59

Bang on Imastu in regard to “knowing”; your share and having the confidence to go in at what you think is cheap . My views are short term and I do like to take profit when it’s on the board so probably not as patient as your good self . I still think there is a strong possibility of 700s but would not see that lasting long and hopefully we will get a bounce. 1,200p is my short term target . Silver would need to go to $60 for Trader666 to get anywhere near his fantasy 3,000p which is just a ramp from a skint amateur imho .

[lovewinshatelosses] 27/6/2021 13:16

I personally have taken my first, and will take my second jab when the time comes. I have taken an interest in studying some of the scientific aspects of covid 19 since around March last year and in consequence have made some satisfactory gains from investing/trading in some of the small caps that have been/are shaping up to be quite useful in the fight against covid 19.
I am not an anti-vaxxer or a covid-denier. All that said, I am strongly against compulsory vaccinations and support individual choice. I also think that lock downs are grossly disproportionate to the threat to civilization that covid poses - and I cannot see how the data we have on the volume of covid deaths demonstrates that this is a wild claim, in all honesty.
The more extreme conspiracy theories detract from valid questioning of state decision making, but that cannot be helped.
Covid 19 will continue to mutate but will never be a threat to humanity. Continuing with this crazy approach to covid is just sunken cost fallacy in the extreme. AIMO, of course and without wishing to dismiss those mourning the loss of loved ones to covid.

[scepticalinvestor] 27/6/2021 10:11

If an individual is relatively healthy and not obese, i see no reason to take the vaccine. Prove me wrong.

[scepticalinvestor] 27/6/2021 10:09

A number of findings report that the vaccines allegedly cause serious complications in many individuals, far worse than COVID. It is worth further testing in my opinion.

[lovewinshatelosses] 26/6/2021 18:21

kenny - I do not think there is a general misunderstanding. I think that people accepted the jab(s) on the clear understanding that things would therefore return to normal. In fact, that was exactly how it was presented to the public. Furthermore, the data does suggest that both rates of transmission and the seriousness of covid are materially reduced in the vaccinated.
Infection rates do not matter - hospitalisation rates and deaths from covid are what the government are being led by.
Quite frankly, as seen in Australia and China, we need to learn to live with Covid, because it is here to stay, irrespective of how aggressively we lock down our societies. The scientists and the politicians have also started saying exactly that too, because it is beyond reasonable doubt now, if ever it was.
Anyway, this is one of the reasons why I am heavy into PM's and increasing my cash on the sidelines, because common sense has long gone out of the window on this and the consequences will be evident. All IMO anyway.

[trader536] 26/6/2021 18:19

Kenny the clown - look at which way the long-term silver price averages are stacked and moving, and what do you think will eventually happen to Fres profit, dividends and share price you clueless muppet......

[trader536] 26/6/2021 17:57

"given he bought in above 1200 and is sitting on a substantial paper loss"

Kenny the clown - look back through the thread and you'll see where I bought and took profit last year, and how much % I made on Fres in my trading account. PS yes I still have quite a few in my long-term portfolio which I bought at 680-710p last year. I have no intention of selling these because they are outperforming the market (even after the pullback) which is my goal. I'm actually averaging up on that account and expecting 2000-3000p longer-term.

May I politely suggest you stick to collecting trolleys at Tesco for your income 🛒🛒🛒

I reiterate: you are a clueless muppet!!

[kennyp52] 26/6/2021 17:15

Imastu .. Covid .. you might be passing it on between each other but at least the jab looks like it will protect most cases from serious illness . Good luck and wish you well. The jabs don’t stop you catching or passing Covid on and I do think there is a general misunderstanding that once you have the 2nd jab you can get back to normal ?? Infection rates going up exponentially so extended lockdown probable unless the normal “summer” drop kicks in . Fingers crossed .. daughter in Sydney just gone in to a 2 week lock-down so the 3rd wave is looking probable,

[lovewinshatelosses] 26/6/2021 11:14

It is the stuff of Kafka! I do wonder if these covid policies will start to have a negative impact on the amount of people who decide to bother having their second jab, or for the youngest cohort, any jabs at all. As to 14% of those tests being recorded officially: I am surprised it is even as high as that, to be honest. I assume they must be mainly the positive tests, but who knows?
Anyway, at least you are not going to be trapped in one of those five star priced, one star value hotels that are imprisoning non-VIP international arrivals.
Hopefully you will enjoy a good rise in your PM holdings this week too, while you wait it out :)

[imastu pidgitaswell] 25/6/2021 21:04

Could be worse - I have been self isolating for 8 days (hence too much time on here) after visiting daughter at uni on way to golf holiday (and had to turn round after she tested positive later that day - nice - no golf hol) and was about to finish that period on Sunday, and now Mrs P and the boy have tested positive - because one of his mates gave it to him and he gave it to her (nothing to do with me). So the clock gets reset and it's another 10 days.

Despite Mrs P being double jabbed etc - and I'm the only one who has not actually had it.

If you think I was grumpy this week, just wait until next week when I'm still locked down...

[lovewinshatelosses] 25/6/2021 19:05

I would love a little boat like that! Instead, I have an enjoyable 10 days ahead of me while one of my kids is under house arrest, due to someone in their bubble reporting a positive covid test.
Probably a fruit juice doctored test, to get them off school for a while. In the abstract, it appeals to my dark sense of humour and this farcical situation we face. As it will have a materially negative effect on me and mine for this period, this is therefore offset by irritation, especially as I was not the person flogging these items to the government, so not even making a few quid from it. Oh well, such is life.