Fresnillo Share Discussion Threads

[trader465] 23/7/2024 21:43

One would like to think our mate stupid is still about. We had many a fights about his strategy of never (ever) selling at a loss. I guess he hung on to one loss too many with POLY.

[trader465] 23/7/2024 20:53

Kenny - you will remember the good times of 2020 when our friend stupid was about, FRES went from 550p to 1300 in a couple of months. I was fortunate enough to have pyramided the rise. Looking to repeat on this cycle, but this time I think the share price will keep going as silver will follow gold to new ATH.

Edit: liquidity is a big problem with most PM stocks, but our FRES offers full exposure to metal prices, little or no hedging and no problem executing 10’s of thousands of pounds in a single trade, a win win for the smart money.

Our mate Prat still clinging to his 800p buys a year later?

[trader465] 23/7/2024 20:37

750p is initial target, I’m looking >1500p by March 2025 full year results. FRES will be making more than half a billion a year at current metal prices. Historically it’s traded at 20 times earnings, so >10 billion cap coming soon me thinks

[kennyp52] 23/7/2024 20:26

Should be interesting trader465 .. if on guidance or better with production then the financials should be very juicy. Still targeting 800p myself

[aleman] 23/7/2024 15:49

Silver recovering a little today, having dropped below its 50-day. Looks like it might have a go at recovering it. (MXN 526 v 535) Gold meanwhile still looking perky and still above its 50-day average (MXN 43,482 v 41,837). Gold's 50-day has now been higher in the past only for 7 weeks ever - and should beat its record 50-day average of MXN 42,693 in about 3 weeks if the flat/marginal rise trend of recent weeks holds?

[plat hunter] 22/7/2024 15:57

Might buy some at 550....Looks like it will test the 50wma shortly

[trader465] 22/7/2024 09:30

Prat sweetheart - if you lose:
10% you need to gain 11% to break even
20% you need to gain 25% to break even
50% you need to gain 100% to break even
75% you need to gain 300% to break even
80% you need to gain 400% to break even
85% you need to make 566% to break even
90% you need to make 900% to break even

[trader465] 22/7/2024 09:27

Never mind Prat, you may soon see your B/E at 796p 🤣🤣🤣




Plat Hunter - 12 Apr 2023 - 14:41:35 - 19002 of 19344 FRESNILLO precious metals - FRES
Got a few K at 796... Too cheap now and bucking the trend today of cey and hoc.

Would be surprised if we don't get to 900 over the next couple of weeks

[mr number9] 21/7/2024 23:10

Rapid decent......I like the idea of that. It makes my eyes twinkle.

[aleman] 21/7/2024 11:16

Silver 50-day average up to MXN534. It has only ever been higher in the past for 19 weeks. Gold 50-day average up to MXN41,761. Only ever been higher in the past for 9 weeks.

[plat hunter] 20/7/2024 20:46

550 by end of Month

[chestnuts] 20/7/2024 08:30

Fres as had a few invert head and shoulders pattern , but i reckon thats the last one before fres breaks out, the pattern below is a falling wedge and i have put the target on, and thats the lowest target, it could go alot higher and very quickly.


free stock charts from uk.advfn.com

[mr number9] 19/7/2024 17:20

Freefall......I like the idea of that. It makes my eyes twinkle.

[trader465] 19/7/2024 15:59

750p by end of month

[trader465] 19/7/2024 09:36

Shut up you tit, financials due on 30th will reflect $55m for every $1 rise in average achieved silver.

Why don’t you come back here next March and check out the share price on full year financials

[plat hunter] 19/7/2024 09:23

1 day

RSI - hidden bearish divergence.
MACD - topped out and moving to convergence
STOCH - in freefall and hidden bearish divergence
50ma/100ma - converging towards a death cross
And low volume.

Positives
MACD still bullish
20ma/50ma golden cross


Lower is probably likely until it no longer is

[trader465] 19/7/2024 08:59

Lol just normal daily volatility. Anyone who has any experience of this stock knows 5 and 10% moves on no news is normal.

[bookbroker] 19/7/2024 08:35

Price of precious metals.

[ukgeorge] 19/7/2024 08:34

Is there any news, to drive the fall?

[trader465] 19/7/2024 08:27

450 to 650 is +44% in 3 months 🤷‍a94;️

[pictureframe] 19/7/2024 08:06

This really is a dog of a share

[plat hunter] 19/7/2024 08:04

Excellent call by the contrarian indicators yet again 🤣🤣🤣🤡9313;

[ukgeorge] 17/7/2024 11:30

I'm hoping for a close over 636p, shouldn't be much resistance after that