Fresnillo Share Discussion Threads

[scottishfield] 21/7/2016 16:03

No, never alone Topicel. HOC, no, not yet.

[topicel] 21/7/2016 14:43

Blimey guys, I thought I was alone here, pretty much!

Charles, the HOC figures are really good, and the rise today is good too, but the quarterly data out of Fres yesterday was strong too, and there has been continued weakness.

It is more macro inclined, possibly, but I would be surprised if HOC didn't slip back and join other silver producers in decline until the commodity price itself is allowed to turn. It will, as too many headwinds globally exist for alternative investments, but in the meantime it does look better to be out of many PM stocks, both big and small.

At least Fres gives an income. Does HOC pay a divvy?

Topicel

[charles clore] 21/7/2016 09:41

HOC is still below the radar in some mining institutional circles. But Imho today's figures will change that. Today it was revealed that the cash pile is increasing and debt is being peeled away in layers to such a remarkable extent that the company should be debt free and also hedge free by next year.

[stevea171] 21/7/2016 08:42

Stellar HOC production results today. Ftse250 constituent.
Silver and gold miner as FRES.

[topicel] 20/7/2016 08:56

Aside from a little - compared with this billion dollar behemoth's turnover - tax and exchange rate hit forecast, these are more than compensated for by the increased production in gold and higher achieved prices for both that and silver during this half.

Certainly no corporate reason to not invest here as it is really a money making machine, more so than even the Fed, who like to call it QE, lol.

And in that scenario of continued easing around the world, reducing interest rates and value-less bonds for the foreseeable, buying the PMs in all their guises is rational behaviour still. At least I think so.

Topicel

[discodave4] 20/7/2016 08:00

Looks very good.Gold year end forecast up nearly 10%.DD

[goldenshare888] 20/7/2016 07:07

SOLID GOLD & SILVER RESULTS!

:)))

NB. HOC looks better value to me though!

[topicel] 18/7/2016 15:51

Lol, always the question, isn't it isaready? My post above is my opinion and if you think how far this has come since I owned these at £6-7 then perhaps you have your answer.

Each retrace and settlement point has been met with renewed upward pressure so far this year and, if you are reading or watching the international news you should have a view that all might not be quite so rosy in the global economic garden.

At times like that, precious metals go up in value and silver in particular has other industrial uses, especially in tech devices, with the ARM takeover in mind today as an example as to how that is relevant. The shares of such PMs move quicker in both directions than the commodities themselves of course.

No advice intended, but I am not leaving this train as it pulls out of yet another halt...!

Topicel

[isaready] 18/7/2016 14:06

wondering if these are worth getting into at these levels.

[topicel] 18/7/2016 09:36

There are corrections, and there are corrections. There is profit-taking and then there is profit-taking.

Certainly these have been applied here, would you not say?!

Each time, the share price falls it fights back. Clearly some are not too worried and have buying opportunity stakes and buys in as it drifts lower as we move towards the next set of company results next week. It may be too soon to dip in again unless you're averaging down, but after Turkey is Trump and the embattled precious metals will not decline much this year IMHO.

All good bottom line for Fres and RRS, look out for another special dividend announcement as profit margins must be really good.

Topicel

[topicel] 12/7/2016 14:54

A breather IMHO, and then Carney and an Italian bank wobble with crisis meetings at the weekend of our erstwhile chums in Brussels...

Trumpton will be resurfacing too soon, while the Japanese easing being planned must impact the Yen/dollar again and that is good for silver methinks.

But yes, smaller caps will motor quicker if the PMs keep getting so easily stoked.

Topicel

[discodave4] 12/7/2016 14:26

Silver trying to get to 20.50 again but £ fighting back and some like dewolf taking profits here by the looks of it.Good luck dewolf, CEY going well!.......should have gone to specsavers me thinks!DD

[dewolf] 12/7/2016 12:09

Took some profit out now, move to smaller companies for big leverage.
CEY going well

SRES exploration of silver 12 projects or so £1.5m
Ex Renaissance capital man there heading up the precious metals

RRS still core

:)

[simonthe1st] 11/7/2016 13:31

Many thanks, Topicel.

[topicel] 11/7/2016 12:19

Mmm, nothing to suggest otherwise from the company and silver, and gold, been increasing in value and forward contract prices for months now, so, I see a good set of numbers, yes.

And, more importantly,maps in recent years the company tend to pay a significant special dividend on such occasions. On vera....

Topicel

[simonthe1st] 11/7/2016 11:56

Are the forthcoming FRES results forecast to be good?

[hectorp] 10/7/2016 19:18

Hello Topicel,
I agree that at this stage in the silver bull market or super rally stocks provide the greater return than silver, however only gold can preserve us as insurance against a massive stock market crash which will take the mining stocks down too. Because Gold is the ultimate currency and insurance, its friend silver will at least follow. In a great crisis, physical silver is even more useful than phys gold. Own both.
Your argument is valid, that miners are doing so well and I do hold Cey and some Hoc. However only the Phys will survive a major general market crash.Down will come Humpty, .. and all. And all is all stocks. Shares are not silver or gold.
Of course such a crash is not terribly likely or is it. Well we shall see eventually.
I agree Fres and many others are or have been great investments especially for the many who have doubled and trebled.
Take profits, hold some take half out, and buy silver! It is already too late to start investing in these maturing gold ans silver issues IMHO as we are near a crucial breakdown of the EU Banking system starting as you say with Italy ( and Deutche, Santander). I am giving it 6 to 8 weeks Max.
No advice intended. !

[topicel] 09/7/2016 22:10

I often follow the discussions on the silver thread and see you are bullish on the metal Hectorp.

Personally, I still prefer trading the PMs via shares and hence I plump for the likes of massive producers like Fresnillo who, if your price moves for Ag are right for this week, should retest the highs of early last week. The ridiculous attempt to make something of the 289k non-farm payrolls number in the States on Friday only impacted silver and gold for a few hours. By the close they were strongly up as people realised the figures were ephemeral at best.

Most jobs are being taken by over-55s it seems, and that is not a growing economy by any stretch of the imagination, especially when data shows the younger workers are losing work. In other words, what we are seeing is similar to the UK, plenty of retail and bar/restaurant work but little solid jobs being created. Once the figures were dissected the move back into PMs was quite swift really. And, if that can happen when supposedly good news is released, one has to wonder what bad news might do...like a full-blown Italian banking crisis, if we haven't already got one!

Topicel

[hectorp] 09/7/2016 15:21

Me too I am long silver metal. Looks very possible!
$22-23 should be on the cards this coming week IMHO.

[discodave4] 08/7/2016 20:20

Agree Topicel.Silver already back to 20.20 and looks like it may make and break its resistance of 20.50 (asking a lot but I live in hope).DD

[topicel] 08/7/2016 08:27

Ho hum, back to another US non-farm payroll day which, according to the pundits, may or may not indicate the future possible direction of the US Federal Reserve's interest rate policy.

Obviously the interpretations will be equally varied and ultimately won't tell us much other than Mrs Yellen is hamstrung by global events, Brexit being but the latest. In other words, we will see little movement this morning on major indices and depending on the read from the numbers we continue a small decline here or, if like May figures, the total is a big surprise to the downside, safe haven investing will spike.

Either way, the money is not flowing into 'risk on' assets generally, is it? Profit-taking is still likely but the whole pattern for the year and this cycle can't be changed throughout this summer, especially seeing as the UK negotiating position and hence the continuing fall out from Brexit will be unknown for eight weeks or so while a bunch of Tory party middle-upper class members figure out which new Maggie they want...

And then there is Greece and Italian banks. Lol, with Trump in the rear view mirror coming up fast.

Topicel

[topicel] 07/7/2016 08:54

So, as suspected £20 is a line in the sand for now.

The closure of more property funds overnight to withdrawals however will only increase the wall of worry and as with last weekend the pause will probably be short before investors resume buying into PM opportunities.

Certainly all small pullbacks are a good sign ...

Topicel

[au24] 06/7/2016 17:41

Another £ added to share price today on POG rise and uncertainty in the EU.

[isaready] 06/7/2016 14:08

Oh well.

Sorry what do you mean when sterling increases, sorry how does this affect it.

[gilesy911] 06/7/2016 14:06

When Sterling increases.. Some weeks away I would think. Should have bought on Friday instead of RDS B :(