Roundtable Discussion; The Future of Mineral Sands. 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.
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
"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