Member Info for carvegyber

The next leg up will probably be on 29th when feds think about rates.

LemonTree1, it is a feature of the labour government to make the wrong investment decisions with the nation finances. Remember the Brown Bottom when Gordon sold the nation's gold at $300/oz?

After being a reasoned bull for so long £10 all the way down to £5 days, I am out of this for now. Was nice to see a portfolio returns of 300% but I am just gonna sit tight and see where PMs head. Bonds or AI could cause a market wobble that takes everything down so I will just wait. Could take months to play out but short time in the scheme of things.

Luckily Fres is owned by mexicans in mexico. HOC....hmmm defo highly possible. That's why I have no position in HOC. it reared its ugly head few years ago.

Gold down, silver up. don't see that everyday. Silver has been very bullish recently compared to gold. Not just when gold is up. Wonder what is up?

150 points in a few hours for silver! Amazing. Really don't know what is causing this.

Really strange price action from Silver. Gold up, Copper up, but silver down. I am baffled.

Silver is lagging. quite disappointing as I mainly trade silver as an explosive gold proxy. Hasn't worked out better than gold in the last week. Although profit is still profit thanks to Orange Man.

What is holding silver back?

What an amazing run for gold price. Almost gone parabolic. What are people's views in the short term and mid term.

Will there be a correction? TAs? Macros?

Jmax, no doubt you are right that chart lags news but that is not the point of charts. News drives the charts. Not the other way round. Charts are just an interpretation of the market sentiments in mathematical format and can give you a big edge on trading. If you are buy and hold type, then it probably is not as useful as it is to someone who would trade regularly.

Rob, just to add, the recent RNS states that we are 500m net cash. By year end, we should have $2b+ net cash at current rates. That in itself is worth £2 a share! Whichever way you value this, you have to arrive at the same conclusion right?

Results day can't come sooner....

Crazy isn't Rob, from a company struggling to achieve +ve FCF 2 years ago to now looking at $1b+ profit a year!

Thinking further about divi of 33% profit, you are looking at around £1 a share and if you had average prices of around £6, that's 17% yield historic. LATWTTB. Even on current SP, it is still 12%+

Laughing all the way to the bank.

This should be rerated come result day. I think £10 plus days are nailed on with these PM prices.

Oh, BTW, those FCF numbers are based on 2024 average gold price of circa $2350. 2025 FCF numbers will depend on what average will be for this year! You do the maths.

As long time investors in this stock, I expect that we have all come to learn that taking profit and trimming is good move with Fres....

Having said that, there had been way too many false dawns with FRES but this time around, it does look like stars are finally all aligned.

I remind folks once again from the RNS

>>>>

Free cash flow[4] is estimated to be within the range of US$820-US$850 million, with expected cash and cash equivalents at year end amounting to US$1.2-US$1.3 billion

>>>>>

This stock and other miners are seriously undervalued. Earning reports are starting to come out now and investors are now just starting to pay attention to PM miners. Didn't I say no brainer buy just recently?

Bonker, this is interesting. Am I right in assuming that if there is a very strong demand to borrow shares, means that there is an overwhelming belief that silver price is about to fall? Or have I got this wrong?

Gold is shining bright.

The precious metal has been hitting one record high after another this year, spurred by central bank buying and safe-haven demand. The latest peak this morning at $2,869.68 per ounce.

Yet, gold miners are having less of a ride and for J.P.Morgan this means current prices still offer a good entry point, given the strong outlook for the metal, particularly if trade tensions and tariff risks continue to unsettle markets.

"Although recent investor marketing indicates a bullish gold outlook is widely shared, there is less conviction or consensus on how to be positioned in the sub-sector," note JPM analysts.

"Thus, we still see a compelling entry point for the EMEA Gold Miners given they screen exceptionally cheap with >10% FCF yields and pose fewer operational risks following recent guidance updates," they added in a research note.

JPM notes that since reiterating its bullish view three months ago, gold has risen around 4% and gold miners are largely flat. Its top pick is now Fresnillo .

Oops, we will find out who is naked soon..... game of borrowing gold is up. Time to stand up and see who has their pants down.

Interesting development. I wonder how it will affect prices.

>>>>>>

"Despite the fact that tariffs on gold in the States are extremely unlikely given that it is a reserve asset, risk managers are taking no chances and moving metal into the States," said StoneX analyst Rhona O'Connell.

"The element that is most affected by this is the exchange of futures for physical (EFP), but it is undoubtedly contributing to support in spot." London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the U.S., two sources familiar with the matter said.

Even though Trump did not mention gold in his tariff plans, traders were worried about possible risks, leading to more gold being sent to New York.

The miners of all stripes but particularly PM miners have had a hard time the last 3 years due to inflation. PM prices have now caught up and in the next 2-3 months, PM miners will start reporting strong earnings with strong outlook due to the current PM prices negating inflated costs. PM miners have always lagged the PM spot prices because of this effect. When the sector start attracting attention, then valuations will catch up and often excel especially FRES due to the thin volume and small float. Not long to wait now is my opinion.