Fresnillo Share Discussion Threads

[ifthecapfits] 03/10/2017 09:38

Hopefully we have seen the bottom here. Fingers xxd.

[ifthecapfits] 29/9/2017 09:19

bit better.

[ukgeorge] 25/9/2017 22:01

Fresnillo presented at the Denver gold show today

[ifthecapfits] 25/9/2017 16:22

NK threatening to soot down US planes apparently.

[cfro] 20/9/2017 16:10

Gone blue. Hopefully this is the start of a new uptrend.

[topicel] 20/9/2017 12:05

Yep, as before, our works are not near enough to be a big problem. We sometimes forget how vast these places are...

Much more shocks to our investment possible from the Fed tonight with their stance on reducing QE likely to be clearer. It looks as though the market has priced in a substantial amount of accommodation and stimulus withdrawal so anything less than whatever it is they expect from a normally dovish and circumspect Yellen will cause the dollar to lose some of its recent gains and PMs to improve.

Real disasters and financial disasters don't equate of course but there is little we can do either way so here's hoping the worst is over for both.

Topicel

[bookbroker] 20/9/2017 11:02

Most of the Fres. mines are well north of Mexico City, well away from from the epicentre, Durango upwards I think, a big shake in California would likely have more impact.

[interceptor2] 20/9/2017 09:55

Impact Silver listed in Canada say that their Zacualpan Silver mine which is close to the epicenter has not seen any damage, so would imagine that will be the same situation for FRES mines?

Edited to add the word not after has.................

[cfro] 20/9/2017 08:36

Another earthquake and this time in Central Mexico. So all a bit uncertain now if their mines are effected.

[topicel] 11/9/2017 09:40

Certainly the initial reaction to the earthquake had to be a slight sell-off but with no RNS about suspended operations or worse from management this morning it would appear our main mines have not been severely impacted...

As you say cfro, the main activities are further north but tremors are ongoing so fingers cross for one and all. Meantime, the macro can got kicked down the road with the debt ceiling and NK going 'quiet' so risk off plays are being sold, but not much as nothing has really changed, has it?!

The Mexican Peso strengthened so that too was impactful but all-in-all it is just volatility as per for this sector!

Like I say, has the world changed that much in a week? Plenty of reasons to hold PMs and related investments still IMHO.

Topicel

[cfro] 11/9/2017 09:02

Looks like a good buying opportunity. I dont know why the share price is down both this morning and Friday. Might be because of general miner sector weakness in last couple of days or because of the earthquake in Mexico.

Neither reasons seem to apply however due to their operations being in central and northern Mexico, hence well away from the epicentre and Gold/Silver bucking the trend and heading upwards.

[happyholder123] 09/9/2017 09:01

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[bonio10000] 07/9/2017 14:02

Draghi ballsing up again.

It makes you wonder that the powers that be and plebs think it is all swimmingly good.

Meanwhile - PMs know different and climb the wall of worry/wall of central bank BS.

[topicel] 05/9/2017 12:30

Merci beaucoup, but only the Mrs calls me that (among other things) so it is copyrighted.

I'll settle for "he knows not of what he speaks"...

Tea leaf reading aside, and up or down trends left behind too, what we do agree on, I assume, is the PM miners like Fresnillo will be bid up during September and October, as per normal, but possibly with added impetus due to all the macro events.

That leaves me long and strong. The rest is open to opinion and interpretation I guess.

Maybe £18 here this month...

Topicel

[ukgeorge] 05/9/2017 09:26

Thank you, oh great and wise one.

[topicel] 05/9/2017 09:05

Lol, like I say, it is what you want it to be!

If you're long then that's fine. You won't be as long as moi at £30 but then mining and gold is, as I suggested, a long haul with decade-long cycles.

The volatility may well also return this month or two....

Topicel

[ukgeorge] 04/9/2017 17:13

I will re phrase it for you, it looks as though Fresnillo have broken through a resistance level from a consolidation wedge pattern that has been forming over the last two years.

[topicel] 04/9/2017 16:45

If you read what I posted you'll know why...

But once more with feeling, as they say:- the little unsuspected result called Brexit, that's why the price fell lower to fill the forced gap up overnight.

Or had you forgotten? The same occurred with Trump's election so that gap up in gold to $1343 or so, if I recall, is now about to be filled.

Like I said, a number of 'events' are about at the moment but these are mostly unforeseen impacts on the cyclical trend. After years of down trend until December 2015 we turned then and are now in a bull cycle.

IMHO. But you see what you want to see!

Topicel

[ukgeorge] 04/9/2017 14:12

Using candlestick chart 17th August 2016 then 9th June 2017. This downtrend/consolidation has just been broken today.

If there has only been an uptrend since late 2015, why is the price 20% lower than June 2016?

[panic investor] 04/9/2017 13:57

Made me look at the chart again too lol