Member Info for DrJamain

'Genuine question, do you have a threshold at which you will stop 'buying the dips'?'
No

Topped up sub-850.
Another dip? Another top up.

1) Production solid with a positive outlook
2) Metal prices have increased with further to go,
3) SP low and has failed to reflect likely increased revenue from metal prices.
I really don't see why this is not a buy.

yes

This is silly - SP now getting to the top up zone

It is odd.
If you plot the FRES SP against the silver price over 5 yrs it starts with parity. Then FRES exceeds silver significantly for some time, then from Sept 2019 to Sept 2020 there is near parity again.
Since Sept 2020 a really significant gap has opened up. If we had parity with silver currently the SP would be around £17.
This type of gap exists for much of the sector but FRES seem to be particularly badly treated.
What is also interesting is volume has increased somewhat over this last year. This suggests to me artificial suppression which coils this share like a spring.
Currently I average £9.29 and will add on significant dips.

The gap between the FRES SP and the silver price gets wider and wider - even with the silver price manipulation. The last results were good, prospects for silver are good, so all my instincts say 'bargain'!
Am I missing something?

Just looking at the 5yr chart comparing silver price to Fres SP. The differential is now massive - parity 5 yrs ago and currently the SP should be 1350.
This gap should fill one way or the other - either silver falls significantly or Fres rises. Given the unprecedented debt bubble, medium term inflationary pressures and industrial demand for silver I cannot but see this as a excellent buying opportunity.

Ex div date 19th April, pay date 10th May:
https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/centamin-di/dividends

True, but if you look at the long term charts you will see that the equities also recover very well.
The 2008 CEY low was about 35p, the 2010 high was about 180p.
For SOLG the 2008 low was around 2p, the 2010 high was about 46p.
For FRES the 2008 low was around £1.25, the 2010 high was about £16.50p.
If history repeats, when the debt bubble looks for a safe haven, and you time it right there might be a life-changing opportunity coming up.

This is an interesting article on the performance of gold and silver in market crashes.
https://goldsilver.com/blog/if-stock-market-crashes-what-happens-to-gold-and-silver/
Look like 'buy the dip and enjoy the ride' is the strategy.

Greg Mannarino is warning that JPM are about to dump significant amount of paper silver into the market to manipulate the price. He urges caution.
Please watch:
https://www.youtube.com/watch?v=G8SVoY1IJ5Q

Today is a punishment beating from the big boys!

Central banks are diluting fiat currencies to extinction in preparation for the CBDC/new system.
There are various hedges including gold and silver.
The more money they print the more incentive to run for the hills - and there you will find commodities like PMs.

Why would you buy 12% of HOC at 200p in anticipation of a price crash?

topped up at 195

Well it looks to have broken up from the downward channel from June so there is reason for optimism here. It's head-butted the ceiling at 112 so hopefully can breach it.

Gold and silver have been consolidating.
If the Fed and other central banks continue to dilute their currencies there is only one way PMs can go - up!

Noel, the H&S has taken us to this point. The SP is now trying to find support around the trend line intersection point.
It would be good to see some volume.

I thought the results were being delayed due to the current negotiations.