Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Yes VV I was looking at POLY not so long ago at £7 ish but didn’t do anything about it. I was attracted by the gold production and the fact that it pays a dividend. I think I was put off at the time as Russia was in the news for all the wrong reasons and I was expecting sanctions and of course Kazakhstan is pretty much a law unto itself - but looking around at other gold producing areas I probably scared myself off wrongly - certainly if you look at the rise in the SP since then. I think it is a firm favourite for FTSE 100 which as you point out is only good news. I think I missed the boat with that one and with today’s drop in FRES I took the opportunity to buy in there - for better or worse that seems to be my modus operandi. At the end of the day I think the important thing in this market is to protect your capital and I think both companies tick that box.
Fres production is approx 1.5m gold equiv ozs. So is Polymetal btw. Difference is that fres is on a p/e of 20 compared to 15 for POLY.
Imho there is therefore better value in Poly as added to the story they are close to promotion to the ftse100 which will further close the pe gap.
Actually fortune favours the brave bought 6000 dimi - just seems to cheap with stable gold and rising silver - ATB
Tempted myself dimi Down 81p but I think I have enough exposure to gold for this week anyway. Does seem like a good price though......
BB, yes I saw that. Luckily I sold half of my FRES position few weeks ago to lock some profits! I'm planning on buying back some of those shares, perhaps even later today. As Super says, these things keep going up and down, have to surf them like waves in Newquay!
Interesting to note that FRES suffering today on slightly lower production figures and concerns over future government policy - this despite lift in silver price - no one has it easy.