Fresnillo Share Discussion Threads

[ukgeorge] 15/4/2024 21:08

Yes gold and silver back at the highs

[15glenrose] 15/4/2024 19:12

Tomorrow this share should rise substantially.......

[aleman] 15/4/2024 16:42

Silver on the move again, up from MXN470 to MXN 477. So still flirting with the highest close for 2-years.

[foreverbull] 15/4/2024 15:38

Indeed, it is good when you filter someone you don't have to read their rubbish thoughts.

[kasamavic] 15/4/2024 15:04

Day not say.

[kasamavic] 15/4/2024 15:04

So that's how it spends it's say. Clogging numerous threads with rubbish. Such a sad deplorable life.

[lageraemia] 15/4/2024 14:36

Over on the UJO board there is a rule: Filter one particular poster and refuse to engage.

I have a filter list of 2 here now.

[mr number9] 15/4/2024 14:03

Going down. Looks like it's over.

[ukgeorge] 15/4/2024 11:25

things can only get better

[lageraemia] 15/4/2024 09:54

Interesting tweet about how the lack of US lisiting might be hurting the FRES share price:

[aleman] 15/4/2024 09:40

Today we have the correction/profit-taking/retesting of breeched resistance that one might expect after such a sharp short-term run-up. Silver remains at MXN470 - right up near the top of its 2-year trading range. The share price seems to be thinking that it will drift down again. Gold in MXN remains at a level that has only been exceeded for about 7 months ever, and very close to the top of its trading history if you remove a few spikes. Whether this is a spike or sustained remains to be seen.

[kennyp52] 14/4/2024 09:43

World inflation will impact figures , particularly company labour costs but the increase in gold / silver price is adding massive amounts of profit / cash over and above the last financials and what is the peso / $ exchange rate and impact on those costs ? Next quarterly financials could be very interesting 🤨

[pictureframe] 13/4/2024 16:14

Plus someone has mentioned Mexican Peso dropping reducing cost base.

[trader465] 13/4/2024 15:50

FRES Half year 2023, achieved metal prices:

The average realised silver price increased 2.4% from US$22.8 per ounce in 1H22 to US$23.3 per ounce in 1H23, while the average realised gold price rose 4.1%, from US$1,871.1 per ounce in 1H22 to US$1,948.9 per ounce in 1H23. However, the average realised zinc and lead by-product prices decreased 29.5% and 4.7% against their corresponding periods, to US$122.4 cents and US$93.7 cents per pound, respectively

[mr number9] 13/4/2024 14:32

Generational.....ha ha ha ha ha ha ha ha ha ha ha . Oh dear.

[valuehurts] 13/4/2024 14:21

Bottom ticked the biggest generational up move with a short! Hahaha

[trader465] 13/4/2024 13:59

The long term chart says FRES is heading to new all time highs with gold and silver.

I’m looking a >£20 target on next full financial year results in March 2025.

Q1 production 24 April
Q2 production 24 July
Half year financials will reflect higher metal prices 30 July

FRES can move fast, profit from higher metal prices will go straight to the bottom line

[valuehurts] 13/4/2024 13:53

Everybody surprised that after a big move we hit big bank limit orders. Going to take time to work through but over time we will push through these levels. The miners though will already be a quite a bit more profitable

[lageraemia] 13/4/2024 13:45

If ALL the world's silver miners forward hedegs an enitre year's production on the same afternoon you mean?

[aleman] 13/4/2024 11:43

Price spikes and maybe a miner decides to hedge significant production at a very profitable price. It might not be that but that would not be fishy.

Silver closed at MXN464, up MXN10 on the week. Gold on the week was MXN39,020 from 38,337. FRES still looks undervalued if these prices stick but some short-term profit taking is always going to be likely after such a spike. Expect a little consolidation around 590-620p unless prices drop further? £7+ still looks like the short to medium target if prices hold.

[lageraemia] 13/4/2024 10:55

Obvious chart painting to prevent weekly breakout (also in oil) ahead of the weekend which may well have some bad news in the Middle East.

'Someone' felt they just HAD to sell the equivalent of a year's worth of silver mine production in under an hour into a physical shortage ahead of a weekend with huge geopolitical risk.

Fishy as hell.