Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This is only valued at £5.5bn. Look at the assets and the current price of silver and gold. The fundamentals are there and that's what wins through... The current price is a joke.
It's punishment for basal 3 :-)
Hey astro you can't say nothing negative on a lot of these boards you are just called for being depressing or whinging, even though what it is all true what you are sayinor what i say.
everyone on here are just expecting that the trading update will be the game changer for this share, well i really hope they are right, but i have my doubt's, because if they were this share imo this share would not be dropping every day like it is doing.
If the results are good and if (and it is a big if) the markets do like them we could get a rise of maybe 4% or 5% on the day, but unless the gold and silver price is high, or the dollar is low, then i would expect that fres will drop back the day after.
Jesus wept..
@ CHRI55 Wel l brought in 860 i was aiming for 1000, you brought in 700 you aiming for 900. well, let see next month if drop down to 600 a new guy will aiming for 800 :). but hey gold price might revert we all be happy!
Astro for same reasons perhaps wrongly I think there more chances of UFO landing in the garden of my house than you and some chaps here on the board being long ...
I will not mentioned my average as it would be more depressing than the combination of the share price and some of your posts :-)
Great chance to average down..
Astro,
There is no is no correlation between the physical and paper markets, paper PM contracts are manipulated yes, we deal in physical which at present is around a 50% premium which will be reflected in our results. Don't believe me? go and buy silver at spot and if you find some post the link here as I'll take the lot!
Regards
Caino
I'm waiting ....my avg is 860.... not sure when you chris55 join the bandwagon. :)
Astro your messages are so depressing as the share price. You have enjoyed a long run recently, any chance turning long anytime soon ?
Potential investors waiting for the Fed speak next week perhaps..
pretty sad the gold market has been manipulated so much. Now investors like us are waiting for the trading updates to boost this share price...
Even the company has recorded earning the share will not boost to 1000s mark.... this what we been holding this share last 2 months plus has been waiting for...
High inflation didn't change the gold price what going to move gold up then?. Another war or another pandemic........
halfpenny thanks for sharing. After today 2 more trading days till the trading update
Chair Alejandro Bailleres said: "Fresnillo is in a strong position, supported by a proven strategy, a positive culture and an expert executive team. Production has stabilised as expected and the pipeline of new mines and projects - together with a series of improvement programmes, as well as an improving outlook more generally - provides us with solid grounds for optimism. "
At its joint-owned Juanicipio mine, construction is on track for operations to begin by the fourth quarter of 2021. Further, production will also be increased when operations at the recently-completed Pyrites Flotation Plant at the Fresnillo mine in Zacatecas begin.
The FTSE 100-listed precious metals miner noted that its new "state-of-the-art" tunnel boring machine, designed with the manufacturer specifically for its Fresnillo mine, has successfully started operating.
"Our exploration teams continue to identify and develop potential projects for our pipeline, including at Rodeo, which we expect to become our next open pit gold mine," it added.
Grounds for optimism indeed.
Looks like no end in sight