Fresnillo Share Discussion Threads

[brentpease] 10/11/2016 13:42

I did at 1720 today - lol

[brentpease] 10/11/2016 13:42

yep, logical thing would be to take advantage and top up ;-)

[goldenshare888] 10/11/2016 12:59

Top, you are spot on I reckon.

Holding all PM stocks for 2017 and beyond..........

[robo21] 10/11/2016 12:04

Topical,
Well said,my thoughts exactly.

[topicel] 10/11/2016 12:02

Enormous volatility as investors react to the Trump future. Basically, at the moment, sentiment seems to think all his proposed infrastructure projects means raw materials, financials and all manner of related stocks (AHT for instance rents heavy plant) in construction and mining are flavour of the day.

However, very soon it will come to the attention of many that these great projects of roads, bridges, airports etc. take time to even organise, never mind plan and bring to fruition. Then, just the little matter of how it will be paid for - not forgetting 'the wall'!

Trillions are needed, along with tax cuts proposed, so Government debt can only go up and up, unless he's reigned in....

I would let everything calm down and stay in PMs and related stocks as the reality of what is coming dawns on the Market. Inflation and gold can be good bedfellows!

Topicel

[breaktwister] 10/11/2016 11:58

I bought on the 7% drop. If folks want to sell at that price I will buy it all day.

[breaktwister] 10/11/2016 11:14

Wdf is goin on wit this? Silver steadily rising and peso drop benefits us but we tank hugely?

[topicel] 09/11/2016 14:37

Thanks brentpease, pretty much as I posted this morning as to how the peso drop will improve the bottom line because wage costs will be cheaper for Fresnillo going forward.

The gold and silver rises were a given, and together the case for investing here with such a strong balance sheet, assets and a neat special dividend history is very strong.

Before the Clinton-backed cronies hit the gold price with billions in paper ETFs in September and stopped the natural course of safe haven PM buying, I was suggesting £30 a share here, nearly as bullish as Goldenshares888 with £7 for HOC.

And yep, I would stand by that into 2017 as inflation and global downturn concerns multiply, and of course the next shocks in the West's own 'Arab Spring' moment as the December Italian referendum and French and German national elections next year appear on the horizon.

I wonder if Masterinvestor will follow up on that piece. Very prescient now a Trump victory has come to pass...

Topicel

[brentpease] 09/11/2016 14:07

Tipped
hxxps://masterinvestor.co.uk/equities/donald-trump-wins-stock-soar/

[arja] 09/11/2016 13:08

goldenshare 888- yes , HOC has quite a nice looking chart but of course gold stocks need watching closely as gold price can change direction quickly. GLEN has a nice chart and my favourite trading stock along with S32 ( dual listed and I hope to make a bit on S32 in oz tonight if it does not open sharply higher if I am not too tired after watching election last night ! ) .

[mrthomas] 09/11/2016 11:25

Well made my profit again so sold out this morning no idea how this market will pan out but sure there be lot more up and down

[goldenshare888] 09/11/2016 11:02

No problem arja, respect for your acknowledgement.We are all learning......

Still much further to go here and HOC even more so in my view.

I hold both.

[arja] 09/11/2016 10:18

goldenshare - yes , I was wrong and well done to those holding the stock . I tend to just trade and some good opportunities today aa all the mining stocks rocketed after a weak start . markets fool us sometimes .

[hectorp] 09/11/2016 09:11

As expected ( good rally started ) though I didnt really expect Trump to win he should be great for PMs and at least not negative for them, I agree with tyler d above.
I had a short on silver for two days but fortunately closed it before the election started.
FRES could well benefit - as it has already,
miners in Mexico, could benefit from falling peso ( costs in pesos)
and lets have a look at Fort Knox and get an audit.

[discodave4] 09/11/2016 09:04

TopNot really, have a long term hold here so IMV it was a win win, that said did off load the top up first thing.......profit is profit.DD

[tyler durden1] 09/11/2016 08:40

Great result for people, bad result for criminals posing as politicians
Great result for oil, bad result for subsidy grabbing climate change doomsters peddling a falsehood
Great result for gold and silver, bad result for the paper merchants and government printing machines that churn out ever increasing amounts of fiat money and then have to manipulate precious metals, oil and gas

[topicel] 09/11/2016 08:39

Brave timing Disco. Now to be really brave and ignore the inevitable volatility today as people take their ten per cents and it fluctuates wildly. This market will try and con peeps out of their shares.

Trump will sound conciliatory but there is such massive uncertainty as to what his plans are the safe havens must prosper going forward until at least the Fed meeting. Oh, and by the way folks (to coin his favourite phrase), he is openly hostile to the Fed and what they've been about and Yellen in particular. Not a recipe for calm.

Two months until he gets into the White place anyway. The gold calls are only likely to rise to the rumoured $1400 an ounze IMHO.

Topicel

[goldenshare888] 09/11/2016 08:20

Exactly Top.

A double whammy for FRES!

[topicel] 09/11/2016 08:05

The devaluation in the Mexican peso means labour in the mines will be cheaper and adds to the bottom line for Fresnillo via the wage bill.

Oh, and a little matter of increased interest in what we are producing in silver and gold won't hurt either. Expect volatility as sensible people make the calculations and buy on any dips as all boats go out with the tide etc...and the wider market will be royally roiled.

After that, like with Brexit, safe haven stocks and related assets to PMs will be secure buys. IMHO.

Topicel

[goldenshare888] 09/11/2016 07:30

Jeez!

How wrong can you be?

Margin expansion is going to be terrific.

What an opportunity.....

[arja] 09/11/2016 05:06

so will be big drop in earnings as Mexican currency will have tumbled i guess on back of Trump victory - sad times !!

[arja] 09/11/2016 04:51

although good price has rocketed , will FRES respond ? Does it have Mexico links as I know nothing about the fundamentals of this stock ?

[mrphiljones] 08/11/2016 12:34

I wonder how "None of the above" would fair as president of the USA?....