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"91% of shares in issue are held by the top 10 shareholders so only 9% left."
CAINO_WINS,
Those top 10 shareholders wont be worried by the current share price shenanigans which is why PIs shouldn't be worried either. IMO, the longer the SP is suppressed by manipulation, the further it rebounds when eventually released.
You only need to look at the "volume and value" on quite a number of trades .... says it all
810p back below the resistance zone. disappointing day so far. hope for a bounce this afternoon.
I would imagine then that If the Div is a seen as a disappointment then some will want to head towards EX-DIV day with what they hope is the lowest buy-in price so they affectively improve their yield
https://www.mining.com/fresnillo-half-year-profits-rise-sharply-on-higher-metal-prices/
Well according to the mining journal it is the dividend that has dissopointed the market, they might have been expecting more, maybe a special divi, it still doesn't justify a drop like this though.
Just doubled my holding...results yesterday was fantastic & future production looking good. I'm ignoring the short term noise and buying the dip. I'm a believer pm prices are going higher long term as will fres
810.80p offer price. heres hoping thats the low.
Falling Star -> Contrarian -> Turnaround -> High Flyer -> Super Stock
From being flat on the canvas to re-gaining the Heavyweight Title.... what a story that would be...
Stock on loan ( euroclear ) down to 5.54% from 7.08% the month before
" The tail definitely wags the dog on this one and at the moment it says down boy."
yeah.... the poor Lady is being treated like a Falling Star , a Greta Garbo past her hay-day......
such an undignified way to treat such a Mining Legend
Lol
" The tail definitely wags the dog on this one and at the moment it says down boy."
yeah.... the poor Lady is being treated like a Falling Star , a Greta Garbo past her hay-day......
such an undignified way to treat such a Mining Legend
Lol
shocking down 3%. The issue is here not enough people selling at the low price and even less who want to buy at this low price. I get the feeling if PMs hold at this level FRES will by next week be sitting above 850p. Maybe a treeshake unless someone is offloading
24,000+ shares just dumped at 811p just under. we need buyers of that size to come in not sellers.
SP below yesterday's opening price now.
Poker,
91% of shares in issue are held by the top 10 shareholders so only 9% left.
poker chips, 30 day avg is 1.7m shares or 0.2% of the outstanding shares. The tail definitely wags the dog on this one and at the moment it says down boy.
look at the volumes right now....say...800,000 a day....
800,000 shares traded out of 737,000,000.... 0.1% .... and there is probably churn of the same shares traded over and over like a game of poker
99.9% of the shares are doing what at the moment ? .. not a lot !!
at least cora is up 40% today on the plus. You guys should take a look at that. Could be a big multi bagger if anyone has any pennies left after FRES dreadful year.
CHRI55
Yes..there are short term traders....sure.... and they are often trying to out-play each other
We are sharing the beach with huge sea lions and walruses .....each trying to push one another out for the best seat on the sand....
just bought some back @ 821.57. one more buy and thats me done.
Added more this morning, it's crazy and silver is going up.... value will prevail
FRES at the moment reminds me a bit of FXPO
FXPO traded for quite a while at a max of around 175p - 200p , even though FXPO is a world class Iron Ore producer
As Iron Ore prices have risen the market has slowly woken up to what FXPO does ...and the share now trades at 470p
Markets are certainly "nuts" at times and the time scale for "re-aligning " things tends to be longer than most private investors have the patience for........can also happen in reverse ...a share can be trading at high prices and then reverse
Markets have strange behaviours at times .... !!
Good luck whichever way anyone decides to play it
FRES at the moment reminds me a bit of FXPO
FXPO traded for quite a while at a max of around 175p - 200p , even though FXPO is a world class Iron Ore producer
As Iron Ore prices have risen the market has slowly woken up to what FXPO does ...and the share now trades at 470p
Markets are certainly "nuts" at times and the time scale for "re-aligning " things tends to be longer than most private investors have the patience for........can also happen in reverse ...a share can be trading at high prices and then reverse
Markets have strange behaviours at times .... !!
Good luck whichever way anyone decides to play it
It's quite clear to me that FRES is another POLY. That is also trading way below where it should be. Get a silver squeeze and /or a rise in gold and the "market" will be falling over itself to buy both especially Fres around a silver price hike. They are both FTSE 100 companies perfect for the institutions and retail punters. As others have said this share moves like lightning when the winds become favourable and the city boys fall over each other to profit from it. It's quite clear the "market" aka morallees city boys doesn;t do value investing they just want to pile in at the last minute ride the train and jump off. It suits them if the price has dropped to advantageous levels so they make even more bunce. We all know their nefarious practices and it is what it is....FRES is a fabulous company in a fabulous position regardless of what the SP currenty sits at or some over blown commodities analyst says who either couldnt find his derriere with both hands or is just someone in his institutions whipping boy