Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Close your shorts, friends, or your brokers will do it for you soon. :)
What 21 P/E? At the current gold, silver prices and production rate, we are talking about almost 1 billion EBIDTA, with a market cap around 4 billions. Also, don't forget about 2.2b Oz silver resources (and 38M Oz gold). If only silver resources are revalued by 1$/Oz and gold resources by $50/Oz as prices go up, we are talking about doubling the market cap from here.
If current gold/silver run is sustained, I see FRES breaking 10 pounds quite soon. It has all chances to outperform other miners because of the past underperformance due to forced seller.
I will pray to the Aztec gods that we never see the 400s again...
Hi you missed the boat I take it?
The pe is not necessarily best measure of value when silver and gold prices are rising fast. You would have to recalculate the pe with updated commodity prices.
Best of luck getting back in if that's what you looking for!
No view on the high valuation, the very high PE multiples here?
Sp, Fibonacci target is 537.8, based on the Fibonacci 61.8%, retracement from previous major high.
The sp, has already succeeded, in passing above the preceding fibonacci 38.2% and 50% retracement levels, so price action ought to decide what to do. DYOR.
27/3/24, bullish outside bar breakout, happened on double volume of previous day. An outside price bar is defined as having a higher high and a lower low than the preceding price bar day. The outside bar, is an indication of price expansion.
Macd(), and RSI(relative strength index), both show positive divergence , meaning momentum is positive for equity rise.
Supporting sector is bullish, having broken price pivot.
Overhead supply from previous trading , at 550 and 600, can be expected to provide selling resistance.
Long term FRES charts are bearish, down trending on all timescales 5 years to 3 months. Only the recent 1 month chart slopes upward. DYOR.
"Silver positioning, from being nearly flat a month ago, is now near five-year highs, and longer on a percentile basis than any other major bond, equity or commodity future."
https://www.zerohedge.com/commodities/inflation-risk-latecomers-pile-silver
Upside limited here
Max the cavemen have been saying that since God created the earth and a dinosaurs called fres roamed the earth and breathed fire but now its just hot wind..I really hope fres keeps going..personally I am waiting for rest of the data this week before committing more.
"$30/ounce #Silver next week?"
https://twitter.com/goldseek/status/1775536722111021342
Cmon FRES keep this up, breakout on now
I think this might be the worst share price to PM price ratio I've ever seen in a miner...I know there's a lot of moving parts to the "valuation", but it's still quite something to behold.
Fresnillo IPO'd at 520p way back in 2008 and the lowest close during March 2020 madness was 530p, talk about low volume and poor liquidity!
Second attempt now, come on FRES
Pivotal price, kissing the 100 day moving average with both 20 and 50 day averages turning upwards too.
Blackrock gold and general now has Sprott silver in it's top 10 holdings, Jupiter G & S is also well into PSLV. Neither has FRES in top 10.
Rumours aren't always true, the whole market is rigged.
What are Bank of America doing?. They're rumoured to have a massive short in Silver . Above $26 is nosebleed territory for them.
"Silver seems to be breaking out.
$26.25 …
It’s been stuck below $25 forever."
https://twitter.com/WallStreetSilv/status/1775269471185432662
@FOG
FRES is a different trade for me. I remain invested and average in an out, lowering averages over time toward £Zero. Taking a while here but the plan is intact.
Each breakdown add and have patience, eventually it will turn. Of couse I will trim at 509 (today) but will readd or trim more depending on the trade. The core remains intact.
How many tranches you need to add does not matter as long as you exit higher than the entry. Rinse repeat, job done.
Regret investing in FRES, not at all but should have stuck with Billiton instead.
It'll jump again tomorrow
DYOR
BEST of luck to all
I think a lot more to come
Gold and silver might just do at least a partial catch-up to bitcoin. Bitcoin is the new gold but still - you cannot fully get rid of the real physical stuff.
Fres to double from here?
"...gold is becoming expensive"
the indicator is that fiat money to buy it is losing value ...and it is that..that makes gold look expensive
The US Treasury has borrowed $2 trillion from its own people with higher short term rates, in the hope that rates would come down and they could replace it with cheaper longer term rates....that plan isn't working just yet, as rates are staying stubbornly high for longer
The US is creating huge amounts of debt, yet the economy isn't producing the growth % to come close to the debt payment needed against that debt ...especially when you take out the affects of inflation
Last month US Govt spending was TWICE the amount of tax receipts
Https://www.youtube.com/watch?v=BqrJDRWOaqM
"Gold at All-Time Highs, Where Does That Leave Silver?"
Worth watching.
With silver and gold up, while S&P and US Treasuries dropping, is the best setup for precious metals miners. Silver no longer behaves like industrial metal. I shorted Magnificent 7 for an extra spice, let's see how it goes.
The precious metals recycling especially gold will be loving this. The physical gold buying outside of China has collapsed. This is a paper gold price not a physical buy. It is one thing to have daily overbought at 80 RSI to have the weekly over 75 is nuts. The miners will get hit if the jewellery business stops taking gold orders. The rise is to much to soon. A semi detached house in many parts of southern UK is now under 400 ounces last arose back in 2011. An indicator that gold is becoming expensive.