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@noggers true but it will affect the whole international gold market.
Well we just ended the day up just over a penny, we will all be waiting for Monday morning to see what the gold price is, although basil 111 doesn't come in place in Britain till 2022.
808p on the bid.
this is it guys 809p break that then its up and away.
Well they did say gold will go up when the fed announce the inflation jump to 3.5 percent (suppose by history) but didnt . i pump alot of money in then....
I hope that all these money experts are right about basil 111 and the gold price increases, they all seem to think that it will have a bullish effect on the price of gold, but it could have the opposite effect you never know.
>>Halfpenny I bought after they were mashed up, felt it was worth the risk, the new president will only be able to get so much passed. Lot of mining companies in Peru in same boat. It's very hard to find cheap silver stocks with good resource, so the valuation is reasonable. All companies manipulated to a degree, just de-risk your entries.
Went to buy went up...bought it went down :) I am not paranoid ...they are out to get me lol. Average buy price now lower though
Again 802 SP is nice to buy the dip but I already purchase 3 time for this share.
Finders keepers I wouldn't touch hoc with a bargepole, dirty rotten scoundrels..
Ok I'm back under my rock again..
monday is often a good day for a rise so a good chance for a blue finish today with a few wanting to get in before next week imo.
@noggers wait until Monday if Basel 3 rubbish is true. IF all gold miners' shares goes up and fres does not, we know there is an issue with the company.
I wish I put my main investment into poly at least it progress better than fres.
Market forces just won't let this go up at the moment, soon as it tries to go up they bring it straight back down.
HOC is up 4% today, blackrock has position here; I understand concerns over chairman, but the main owner still has large stake, it is reasonable price following the election risk. That being said, Fresnillo is priced to perfection, would be better if it was cheaper, but in terms of quality and prospects, this is a standout buy now!!! Position in both for me.
still time for another attack at 809p.
Almost blue on a good day for silver. Very disappointing really.
The results will be excellent and the market may still not reward them. More production and growth are required.
I couldn't resist some more @ 805p.
we are blue almost.
Don't think it will last downbutnotout they are already trying to bring it back down.
its about to pop me thinks. hold tight.
JMT - point taken.
I was between meetings and rushing and was trying to suggest the debt situation is improving. Otherwise the outlook is good for me.
It's still a bit strange why most PM shares are up a little yet fres is down once again.
I think we are all on a similar Page. The debt roll is a big PLUS for Fres, but accuracy around figures is a big bug bear for me and since good analysis has to incorporate accurate figures I couldn't help myself but point out the flaw in the statement that FRES is paying down its debt. It isn't. However this is not a bad thing in my book but actually a positive.
JMT, Caino, I think it is more useful to look at the net debt picture. According to my calculations, there is no net debt. We are now in surplus because of the huge cash pile. We should be adding $30m plus every month to that pile. We should be 2-300m in surplus by July. Let's wait and see.
There will be no trouble paying back the remainders $400m and have plenty leftover to buy new mines to increase reserves. Best to do it now than when silver/gold is much higher. Real rates being negative cannot be ignored by market for long.....
Hi Caino They will of course be able to repay it and only didn't repay it because the remaining 40% did not want to sell the bonds back to them. They wanted to buy them back the holders did not want to sell. They have £1bn+ in cash at the moment give or take, as a result of the new debt issuance + increase selling prices of gold and silver. My point is not that they cant repay only that it is inaccurate to say they have reduced their debt. At this point in time they have over $1bn of debt which is more than they had last year before the 'roll'. If people are using this BB to do some research the least everyone can do is supply accurate information.