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Have you seen the mark ups compared to the share price foreign firms are willing to pay for London listed companies?
Are you honestly suggesting that it being listed on the ftse100 is the reason for it's underperformance rather than fundamental issues with the company?
Nothing to do with management, simply with the fact this is a London listed stock. Compare FRES share price movement to that of Mexico-focused silver miners listed on Toronto/New York such as Endeavour Silver, First Majestic Silver, Avino Gold and Silver Mines....You see the same huge difference between London listed and New York listed oil companies by the way.
What makes you think the company was "poorly managed" compared to its peers? I have not encountered anything pointing to that - I would not be invested here otherwise. There were headwinds for sure (mostly related to Mexica and MXN strength), which are likely to mean-revert as soon as MXN carry trade collapses. However, it has nothing to do with the management.
"I actually think this a reflection on how poorly managed a company this has become"
Classic FTSE 100 stock. You don't have to be mad to invest here, but it helps...
"$SILVER ´s ATH is not 50, it is 806. In 1998 USD value...
Silver had been in decline for 500+ years when it bottomed around the millenium.
Could 800 happen briefly again when silver goes ballistic at the end of the commodities bull?
Absolutely."
https://twitter.com/graddhybpc/status/1777256546717569096
It has plenty of catching up to do
Silver is almost $28 and we're languishing here at sub 600p
I actually think this a reflection on how poorly managed a company this has become
I am pleased to find Fresnillo close to the top:
https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbe48993d-73bc-4492-8b07-2b23128e7116_2000x1702.png
Newmont moved >5% on Friday. FRES has to catch up.
Another jump on Monday morning in the cards most likely
I've broke even! Maybe I'll bailout now :-)
Silver got a little bit of a Friday afternoon burn on.
Topped up, bullish confirmation on the weekly, we about to rerate
"$SILVER
That is a hugely bullish chart.
Historical point in time."
https://twitter.com/graddhybpc/status/1776172288708063371
"Gold and silver are holding their ground "
I suspect because the reasons that made investors Buy have not gone away
"#Silver prices settle near a three-year high
A long bull market may be close behind
“Up until a couple of weeks ago, silver wasn’t finding much love, but stronger industrial data from China has boosted demand for industrial materials like copper and silver.”
https://twitter.com/goldseek/status/1776162102320755171
Timing is all :)
Back to FRES, it's still doing better than peers today. Gold and silver are holding their ground. Not trimming my exposure here.
"The trade "long gold miners - short Magnificent 7" does great so far."
If you opened it a few weeks ago yeah, if you started that a year ago then you'd have long been bankrupt :)
It was more about Middle East escalation concern. Both oil and the US arms manufacturers rallied. Gold quickly retraced too. The trade "long gold miners - short Magnificent 7" does great so far.
Kashkari clobbered PMs with his "perhaps no rate cuts this year" comment. Funny as he used to be ultra dovish and he's not even a voting member.
Tin hats tomorrow
I don't think PMs are overbought
Traded sideways for a decade maybe it's time PMs trade upwards for a decade. Then maybe talk about being overbought?
But better to have caution and assume bitcoin is the new gold. I just think tine to be bullish on both due inept fiat currencies
Difficult to tell with Precious Metals at the moment. I suspect they are overbought, maybe some older investors trying to chase the gains that btc has made. But it's just as possible that gold and silver can collapse as well as btc. Looks overcrowded esp when you see hockey sticks on the charts.
Saying that Fres is relatively low in the grand scheme of things. Probably worth a punt. But as PMs have largely gone up in value over the last 20 years, esp POG, they can seduce investors into thinking they are less volatile than they actually are.
There is no such thing as a bad market, just bad decisions ..... shorting merely a long decision in reverse during a poor period...it is no different , just the mental approach to things
Private investors only bet long and dont hedge ..so they hate shorters ....amateurs trying to play in a professional game and crying when they lose
Always a bunch of desperate people talking down a rising stock. Pathetic but predictable