Fresnillo Share Discussion Threads

[timbo_slice] 09/8/2022 08:42

I'm hoping for 740 ... but this is really a grind

[plat hunter] 09/8/2022 08:28

I expect no less that 730 today, otherwise I'll be very cross

[timbo_slice] 08/8/2022 13:40

The volatility machine has been switched off

[plat hunter] 08/8/2022 12:43

Not sure hoe exactly we're not catching a bid today.

[plat hunter] 05/8/2022 15:43

back in at 706 it's crazy this week

[plat hunter] 05/8/2022 13:55

Well i'm 4.5% up for the week in FRES whilst FRES is down 5.5%


Who says you can't make money by going long in a falling market?

[plat hunter] 05/8/2022 13:37

Out for 702

[timbo_slice] 03/8/2022 12:20

Makes sense to me.

[plat hunter] 03/8/2022 12:02

656 gap certainly possible, however yesterdays range equaled the average weekly true range, so I think buying at the lower end, as close to 676 as you can and taking profit at the top of the range 740 will bring a decent return. If we hit the 656 gap this week then it'll most likely fill the next one at 623 on XD.


Divi is circa 4% at 680p and coincidentally, takes us down to 652 which fills that gap. If you trade prior to XD then come the record date add to hold. It starts to look quite attractive, especially as the payment date is only 4 weeks following XD


Day Chart

[finctastic] 03/8/2022 09:40

Cup and handle Plat? I'll hold out for the 656 gap again I think.

[plat hunter] 03/8/2022 08:40

Back in for 682

[plat hunter] 02/8/2022 23:18

Tin hats and another wild ride tomorrow maybe.


"Ride the lightning"

[topazfrenzy] 02/8/2022 16:18

Right, I'm totally out for now on this bounce ... this company just keeps on disappointing and the dividend is just pathetic now

Good luck to holders!

[imastu pidgitaswell] 02/8/2022 15:49

kenny - no, short term it isn't. But you could (and don't) say the same about every single precious metals miner...

Personally I agree on the 3000p. Not happening unless silver goes stratospheric - possible but unlikely. But I'm happy enough to hold the core and trade the regular swings as ever.

Anyone follow the call this morning? Read the presentation? Nope - me neither yet. Would be nice if people did a little quantitative review of what has happened and will happen, rather than the schoolgirl stuff.

[plat hunter] 02/8/2022 15:43

That's how ya do it, just sold them for 721.

[plat hunter] 02/8/2022 12:24

@JSWJSW


Oil's also off circa 25% from it's Q1 highs and strong dollar makes operating cheaper too. All in all, costs have been coming for since q1, these will start to feed into the AISC's come q3 and into q4.

[djb3] 02/8/2022 12:10

Not trying to pump FRES today Trader? 3k 🚀🚀🚀 🤡🤡🤡

[plat hunter] 02/8/2022 12:04

Little nibble back in at 688

[topazfrenzy] 02/8/2022 11:00

Managed to dump half my holding over 700p earlier

Will keep the rest as a PM hedge ..

[jswjsw] 02/8/2022 10:05

THe strength of the $ means that GBP TNAV has risen by somewhere around 10%. Other than that, yes well ...

[kennyp52] 02/8/2022 09:27

Huge wage inflation expected on top of oil price . Declining silver price . Not looking good stupid . Certainly not looking like a 3,000p share price to me !

[imastu pidgitaswell] 02/8/2022 09:09

A lot depends on the market view of Juanicipio volumes ramping up.

Not a lot in those results that wasn't already flagged - volumes and prices already known. If anything, cash levels are higher than expected, so all very safe and dull.

It's all about future volumes and the perception of it - they may give more detail in their call, but I'm off to endure some golf.