Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Pokerchips - weeks would go by with no trades at all in Yamana. or Kirkland Lake There was no interest. Now and then a small buyer like me would buy or sell, then it would be back to weeks of no trades at all. If there had been any interest, then AUY and KGI would have kept their London listing.
Running higher all of April as silver breaks out too.
£6 is about to go the way the £5 did - this seems to have been the confirmation for funds to go long in PM stocks.
£7/£8 again 2024 or higher?
GLA
Ouch. Why did you not want Canadian shares? Not like having to try and list on eg the Kazakhstan exchange, where I could understand reticence.
Even if FRES move to US or Canada, I would keep them. Still got RRS stock (now Barrick) and fingers crossed, never had any issues with the automatic transfer, or dividend payments either.
But - as much as I am a PM miner enthusiast - these will almost certainly get sold off, along with everything else, when a proper market correction occurs. Although I am hoping not before 8 quid or so, in order that I may offload a few more, to buy back cheaper at some point thereafter....
Ultimately, IMO inflation is going to spike up again. We need Mexico to cut rates and company costs to come down, in order to properly benefit from the rise in gold and silver prices. All of which is likely to be harder to achieve if the above scenario happens.
What a mess the world is in. Price of commodities (including bitcoin, which might divide opinion!) tells the real story of inflation IMO.
" London has no interest in PM stocks, well, until now. "
Of course it has.....The City makes money....and as there is no such thing as a bad market..they are happy to make money shorting ..or long playing ....they dont particularly care ... as long as they make a profit
Strong interest shorting or buying Options to knock the share price down and make profits when problems occur that warrant such moves ... they look for strong reasons to sell and make money as much as buy and make money
Bad news can always be good news to the City
"Are you honestly suggesting that it being listed on the ftse100 is the reason for it's underperformance " - London has no interest in PM stocks, well, until now. Maybe the big jumps in gold and silver will change that.
Years ago I was in two Canadian miners, Yamana Gold and Kirkland Lake. Both were fanatastic companies. I had ten grand worth of Kirkland Lake shares.
They delisted because London was a dead loss - no volume. I sold because I didn't want Canadian shares.
The Kirkland Lake shares price went up by 50 times - I missed out on 50 x £10,000.
They were both fantastic companies and the London fund managers weren't interested at all.
I am wary of KWN, but last October, this man correctly predicted this huge jump in gold and silver, and here he has more to say, including a word on corrections, or wobbles as he calls them.
Michael Oliver – Silver Should Hit All-Time High Above $50 By November
https://kingworldnews.com/michael-oliver-silver-should-be-at-all-time-high-above-50-by-november/
I am reluctant to trim, with gold making all time highs every day. There will be a correction at some point, but the risk is to miss the move of lifetime underexposed. Yesterday, I found myself adding to juniors that lagged so far, like Silver Tiger and US Gold Corp. Fres is one of my core holdings. Go for the jugular.
I trimmed a few of my sub 5's yesterday. Still overweight here, but ever so slightly more sensible position size now.
Also reached my target over at PAAS, so took slightly more meaty profits in that one. Which probably means it will now sail through the year highs and back to 20 USD, but earnings in a few weeks, so unless I see a healthy pull back in that one prior to then, happy to sit on the sidelines and take a fresh view thereafter.
I would love a retest of the year highs in this one, but as I have said before, it is never wise to start counting chickens at the best of times, but especially with FRES :)
Patience and blind faith with this one. 440p 465p sub £5 were mad to most but bargain for many.
I call 650p in bound then 800p silver and gold are flying, Iran about to get busy and US eclipse.
I seem to recall taking a bit of a haircut with FRES a few years back.
Pretty much none of the minors, juniors, mid-tier, or seniors, have performed well in terms of SP over the last few years.
The main reason: they've been in a bear market, despite the POG generally going upwards. This holds for US listed miners as well as UK ones.
Saying that Condor hasn't been perfectly managed but that's the case with most prospective juniors.
Maybe the tide is turning and the long awaited bull market will materialise. If so, the FTSE will start to do well again and all these companies threatening to move to the US like Shell will stay.
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