Fresnillo Share Discussion Threads

[trader465] 17/7/2024 10:23

FRES is up 40% in 3 months, far more to come over the next 12 months £15-£20?
Each $1 rise in silver is $55m to FRES bottom line. And someone said they make some gold here too?

Be careful, half year and full year figs may blow the doors off your cell

[mr number9] 17/7/2024 10:13

Collapse due? I think so.......beware.

[ukgeorge] 16/7/2024 20:34

Gold up 40 dollars surely a few big days are due for us

[aleman] 16/7/2024 16:19

MXN silver +37.1% YTD @ 553.
MXN Gold +24.3%.YTD @ 43,516.
FRES +5.1% YTD @ 625p.

There was a complicated MINIMUM wage rise on Jan 1st of potentially 20% yet the actual AVERAGE wage rise in manufacturing YTD (from Dec to May) was 8.7%, with round 6.7% of that occurring in January with the minimum wage rise. The hit to manufacturers of that minimum wage rise seems to be rather less than headlines might make some fear. FRES would be even less labour reliant than your typical manufacturer, I would guess.

Is that the inverted second shoulder complete or does it need aother couple of weeks yet?

[ukgeorge] 16/7/2024 07:32

About time, we had another 20p up day! Come on Fres!

[aleman] 15/7/2024 08:09

No sign of the Trump news boosting PMs. However, they remain high in MXN. The 50-day average of gold in MXN has only ever been higher for 2 months or so. Silver's MXN 50-day has only ever been higher for 6 months or so.

[mr number9] 14/7/2024 12:42

mbmiah11 Jul '24 - 13:32 - 20593 of 20604

Boom.

And bust.......a big bust. Beware.

[kennyp52] 11/7/2024 22:39

Could see 800p here very quickly

[aleman] 11/7/2024 16:33

5th attempt in 5 weeks to break the 4-year high of MXN568.5. (And that was a spike. This has a more sustained look, as if building a base.) Currently MXN565.

[aleman] 11/7/2024 15:47

Gold still going up. Only $16 off closing ATH.

[ukgeorge] 11/7/2024 14:49

Hoping this is the start of one of those legs where the share price goes up by a couple of quid

[ukgeorge] 11/7/2024 14:11

Gold $2,400 pretty mental that these are still only £6.25

[aleman] 11/7/2024 14:01

Silver actually jumped slightly over $1 to almost $32 in seconds before easing back slightlly. Gold pinged a useful $28/1.2% but not sure it looks like holding it.

[aleman] 11/7/2024 13:52

Up she goes. MXN562. Only need a little more for a 4-year high but it's been a bit sticky in this area.

[1knocker] 11/7/2024 13:49

It is not the silver price which is the problem, it is the company and the jurisdiction.

If someone had asked a couple of years back what the FRES price would be if silver was $30 and tipped to rise, how many would have replied 'sub 600', and what would the reaction have been to anyone who did?

[pictureframe] 11/7/2024 13:48

It'll drop back down...such a frustrating share

[aleman] 11/7/2024 13:47

US CPI under target at 3.0%. $ down. 2-year Treasury drops from 4.66% to 4.53% in a flash. Commodities up.

[trader465] 11/7/2024 13:33

Looks like we may get to 750p before financials on 30th

[aleman] 10/7/2024 14:44

Silver's 50-day moving average is MXN521 so that's back to the mid-range level of Q4/2020 to Q2/2021(c. MXN470-570). But it is still rising at a decent pace and looks set to move into the higher end of that range shortly. Meanwhile Gold's current 50-day of MXN41,138 has only ever been higher for a period of 12 weeks from Aug to October 2020. It's easing off a bit but still rising slowly.

[ukgeorge] 10/7/2024 11:55

Be nice to crack 600p again

[aleman] 09/7/2024 13:00

Not far off a 4-year high for Silver in MNX this morning but eased off for the time being.