Fresnillo Share Discussion Threads

[aleman] 09/7/2024 09:10

Gold's 50-day average record high daily close is MXN42,694 back in September 2020. The current 50-day is MXN41,076 - only 3.8% below it and rising.

[trader465] 08/7/2024 13:12

My tip FXPO flying 😎

[aleman] 08/7/2024 10:28

Dec 28 Silver contract up to $35.83 so only $1 off ATH.

[ukgeorge] 08/7/2024 08:01

I hate the way it is always "far" right and then left "of centre." Which naturally implies that the left are less extreme or more palatable. The "far right" in this day and age is someone who dares to say, "shall we consider limiting immigration?" Where as the left of centre in our case is just a politics of envy and WEF policy of you will own nothing.

[saltaire111] 07/7/2024 23:13

Political situation getting interesting. Left of centre making gains in UK and now Europe with France turning its back on the far right. Energy policy macro will be towards green and silver hungry renewables. Bodes well for Fres.

[actomox] 07/7/2024 16:05

I've just read all of mr number9's posts over the past three months. i really think he has some form of mental issue.

[mr number9] 07/7/2024 08:53

I'm shorter than Rishi Sunak zics.

[zicopele] 06/7/2024 16:15

You must be sooooo short numbers.

[mr number9] 06/7/2024 14:39

Gold will hit $1250 before the end of the year, and before any further all time highs.
Silver will follow accordingly.
The stock markets will fall, possibly up to 20% in the next two weeks.
I know you don't like making money, that's why you're here, but...............beware.

[aleman] 06/7/2024 10:04

MXN565.39 is the highest weekly close for silver since Feb 2021.

MXN43,322.40 is the highest weekly close for gold since Aug 2020 and it has only ever closed higher for 9 weeks.

[abc125] 05/7/2024 20:44

Trader465, yep we've had good gains in precious metals this year but we have been in correction mode since April. Is it about to end? Possibly but the correction could drag on until October imho

[ukgeorge] 05/7/2024 17:44

Gold up nearly 30 dollars and silver nearly a dollar, these should be much higher

[mr number9] 05/7/2024 16:09

Think your money is safe? Think you'll escape buying gold and silver?
Beware....Starmergeddon is about to hit.

[aleman] 05/7/2024 15:31

Silver at MXN462 is just 1% or so shy of setting a 4-year closing high. Gold at MXN43,246 WILL be a 4-year closing high if it holds. 50-day averages are right behind (so not just steep spikes). I'm tapping my screen. I think the share price chart is stuck. There must be a lot of political risk to have these at half the price you'd expect on PM trends.

Recent MXN price trend is just catching up with $ price trend.


free stock charts from uk.advfn.com

free stock charts from uk.advfn.com

[aleman] 05/7/2024 11:06

Back above the 50-day and 20-day share price averages in the last 3 sessions after backtesting 200-day and finding support. All seemingly very positive - and hardly surprising when silver and gold's 50-day averages in FRES's local operating currency will close in on all-time highs in weeks ahead if spot prices hold. I can only imagine that FRES will have been selling forward into strong prices and should deliver a good outlook statement at the interims. (Of course, there could be comment on local politics, too. All quiet on that front so far.)

[aleman] 05/7/2024 11:00

Q2 production on 24th and H1 results on 30th.

[pictureframe] 05/7/2024 10:12

Are results due next week?

[ukgeorge] 05/7/2024 09:00

Hopefully this run has some legs £7 please

[trader465] 05/7/2024 05:34

I reiterate….

trader465 - 14 Jun 2024 - 08:23:53 - 20512 of 20569 FRESNILLO precious metals - FRES
“Look out the clowns are coming”

[mr number9] 04/7/2024 17:25

Gold 14%.....and silver 27%.....lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol.
Since I bought several Bitcoin in 2014.......15,000%.
Ha ha ha ha ha ha ha ha ha Ha ha ha ha ha ha ha ha ha Ha ha ha ha ha ha ha ha ha.

Oh dear, I have to stop that belly laughing, I'll end up having a heart attack. But you precious metal kids really do provide some laughs.

[trader465] 04/7/2024 12:55

“Starting this October” ??

You’re late to the party, have you not looked at YTD PM spot gains?

Gold +14%
Silver +27%

[aleman] 03/7/2024 15:35

MXN554. Silver only closed above that 4 times in the last 3 years - and 3 of those were in the last month. Need to beat 568 to get to a 4-year high - so not far off.

Gold set a new 4-year high of MXN43,580 3 weeks ago but has struggled to stay above 43k. Not so far off currently, though, at 42,860.

[abc125] 03/7/2024 15:11

Grades might not matter so much if gold and silver see substantial rises, starting this October I reckon.

[abc125] 03/7/2024 15:03

I remember when this debuted on the LSE just before the Lehman debacle. FRES crashed to £1 before going onto £20+ within 3 years. I'm expecting a solid gold bull run next 2/3 years so this could be a good recovery play.

I noticed their grades have gone down and costs up. What are their reserves like?

[trader465] 03/7/2024 14:23

Last half year profit for the period was down 36.4% to $89m, average silver was $23.3, average gold was $1,948

30th July guess this year….
Assuming 28moz silver production and average silver +$4 to $27.3 that’s +$112m at half year
Assuming 280koz gold production and average gold +$300 to $2,248 that’s +$84m at half year

Profit for the half year period 2024 $285m +220%