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It's getting a bit of a joke now is fres nearly 5p down again, just can't understand what has gone wrong here.
Let see tomorrow if SP moves up or not compare to other mining SP. IF again red and others are blue there may be a problem with the company performance affecting the SP. I
Yes, but Juanicipio will help growth.
On the one hand, the company does have a decent rate of return, however, its earnings growth number is quite disappointing and as discussed earlier, the low retained earnings is hampering the growth.
https://simplywall.st/stocks/gb/materials/lse-fres/fresnillo-shares/news/are-fresnillo-plcs-lonfres-mixed-financials-the-reason-for-i
Just wonder if the elections the other week in Mexico has anything to do why this is holding back, i know it has had an effect on the HOC price with the elections in Peru.
anyone knows what going on ? is it possible fres also mining zinc and lead as by-products and that dragging SP down since china clamping the prices down?
Their is supposed to be no short positions on FRES at the moment.
For some reason they don't want this to go up, i have seen this happen with other shares.
poly is like the rabbit and fres is like the tortoise slow to catch up but drop like stone? not sure what going one..... 65 percent apart
Dark_Knight2020,
Thats net short positions over 0.5% on Euroclear the stock on loan was 6.5% end May 21 up from around 5% at end April 21. So there is some significant stock that has been leant and is being played about with, to the detriment of the SP in my view.
@ Dark knight 2020 Not sure
he reply to you but i don't know if this company is still active with our share?
Dark_Knight2020,
seem problem with SP trying to puch out of red but not doing it. poly rocketed up!!!
Astro someone said that there was a 6% short against fres but I can't see it ... I think that was from the euro something website ?? I don't think there will be any mention of tappering ...
Just when you think it is going to turn green, it goes back down.
Trading very erratically, as though its not liquid or an AIM stock
Let's hope so downbutnotout, early days yet though.
The markets could tank on any hints of tapering but won't happen for many months is the thought and therefore why mention it just now if you know it'll send the markets in a downward spiral? Again if pressure applied by enough questions it might be commented on that it's a possibility and the markets will knee jerk lower. But I'd be looking at another buying opportunity if so. The sp movement lower isn't a reflection on the company IMHO.
double bottom in at 825p
good buy that noggers!
poly is near 45% + fres still 60%-
likely a company is shortening the SP
Share must be shortened by someone. Can anyone check if Fres is been shorten by a hedge fund company? Another reason is the company performance is not doing that well and been built into the SP. not rising as fast or declining more.....
Makes you wonder about this share sometimes because it doesn't seem to want to rise, HOC is near to going up now POLY is hardly down and CEY is up 2% but good old FRES doing nothing.
If tapering happens gold will drop if not then the price might rise due to no one stopping the inflation from rising. But I'm worried Fres SP itself is a problem. The SP is not moving as fast as other mining SP. While it drops more than the SP. It like the Hedge fund companies shorting this SP
Has the fed meeting today to do that will be good for gold and silver.