Fresnillo Share Discussion Threads

[trader465] 03/7/2024 13:03

Not a lot cos they been struggling with costs the last couple of years, but divi policy is…

“A total dividend of between 33-50 per cent of profit after tax is paid out each year in approximate proportion of one-third to be paid as an interim dividend, two-thirds to be paid as a final dividend”


If we get a silver/gold bull run, most of the increase will go straight to the bottom line, $55-60m for each $1 rise in silver, plus $60m for $100 rise in the gold price. So, at some point in the future FRES may offer a great yield and perhaps a special if silver makes new all time highs.

[abc125] 03/7/2024 12:45

What is the current dividend yield here?

[trader465] 03/7/2024 12:39

Most people don’t know that silver is far more conductive than copper

[saltaire111] 03/7/2024 12:31

Also, I should add, the most effective and efficient panels use a lot more silver in them and this is a trend likely to escalate as the tech develops.

[saltaire111] 03/7/2024 12:29

Renewable energy consumes lots of silver, particularly solar. Fastest growing sector in renewables is solar with Africa and Asia huge markets for panels over the next 20 years. Bodes well for Fres.

[pictureframe] 03/7/2024 09:18

Silver and Gold making strong moves today.

[aleman] 03/7/2024 08:18

Futures have held steady for around a month now at about $33. (Longer dates a few cents higher.) A year ago, they were steady around $26, and $21-23 the summer before that.

Spot silver perky this morning, at MXN547.

[ukgeorge] 03/7/2024 07:44

Gold and silver up get ready for fres share price to fall

[aleman] 02/7/2024 08:59

SilverMXN541. 50-day average 510 and rising - only ever been higher for 33 weeks.

Gold MXN42990. 50-day average 40,778 and rising. Only ever been higher for 12 weeks.

[aleman] 01/7/2024 07:56

Silver MXN532. 50-day average is MXN509 and rising. It was hovering just over MXN400 last summer/autumn - so up over 1/4 and maybe headed for +1/3rd. Futures are also up just over 1/4. FRES shares are similar to or lower than last summer/autumn.

[lovewinshatelosses] 29/6/2024 18:55

The charts do indeed suggest this potential, which is exciting, not to be feared, number9.
Unless you are playing on margin, without the bankroll to back it up, that is likely to be the real load the boat opportunity, IMO. But time will tell and to each their own decisions etc.

[mr number9] 29/6/2024 18:38

Gold will crash to $1250 before it ever beats it's all time high again. Consequently, silver will plummet like a stone too.
Only bad news to come I'm afraid....danger is around the corner and many will get caught with their pants down. Again.

[trader465] 28/6/2024 10:02

If it rises to 600 and fails it’ll be a right-side-up H&S

[aleman] 28/6/2024 09:27

If you like that sort of thing, Jan 2023 to date is looking quite a lot like an inverted head and shoulders with the second shoulder almost completed.

[ukgeorge] 28/6/2024 08:28

Sadly chart pattern rarely pan out as expected.

[chestnuts] 28/6/2024 07:44

Fres as made a little triangle over the last 5 days and we should jump to 600p today

[pete160] 27/6/2024 18:57

That's interesting Trader, We just need the algos to use chat gpt for their trading ideas and we're away!

[aleman] 27/6/2024 18:11

Gold and silver looking perky again this afternoon but share price not bothered. The share price is similar to last August. Silver's 50-day moving average back then was MXN400. It's now MXN510 and rising. Gold was MXN33k but is now about to rise through MXN41k. Go figure.

[trader465] 27/6/2024 08:46

Question to ChatGPT
What is today’s gold to silver price ratio? What is the all-time historical average ratio? And using the all time historical ratio, what price would silver be assuming $2300 gold price?

ChatGPT reply…..

As of today, June 27, 2024, the gold-to-silver price ratio is approximately 80.2 This ratio is calculated by dividing the current price of gold by the current price of silver.

Historically, the gold-to-silver ratio has averaged around 15 to 16. This historical ratio is often referenced from periods when bimetallic standards were in place.
Given a gold price of $2300, using the historical average ratio of 15, the price of silver can be estimated by dividing the gold price by the ratio.

Therefore, if the gold price is $2300, the historical ratio would suggest that silver should be priced around $153.33 per ounce.

[trader465] 26/6/2024 10:31

FRES is leader of the FTSE 100 today while the FTSE 100 is making all time highs.



It’s just a matter of time before we see this make all time highs.

[chestnuts] 26/6/2024 08:52

Fresnilo as just finished an expanding triangle as this is normally a 4th wave and the 5th wave is normally the longest.

[trader465] 24/6/2024 16:15

Last years Gold Americas presentation

[aleman] 21/6/2024 09:08

Silver futures edging up again. Dec 2028 up to $35.19 from bottoming at $33.39 a week ago. Remember these regularly traded around $25-$26 or so until prices decided to move up a level in February so FRES have been able to sell forward above $30 for about 3 months now.

[trader465] 20/6/2024 18:49

FRES/Silver Correlation gap overextended


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