Member Info for DusterMan

How come the sp is rising...any ideas?

From the 1st of April ( start of the second quarter) the last pm rally started. The second quarter has been fantastic for FRES with average pm prices very high. In just a few days the 3rd quarter starts, more of the same would be nice including another rally upwards for the pm sector...let's see how it plays out. I'm thinking a reversal pretty soon

It's pretty clear Katherine was brought in to structure BIDS towards a takeover with Microsoft or another company as that's exactly what she has done before, her knowledge, contacts and experience will be vast. She knows exactly what to do. This also explains the silence from BIDS for such a long time.

Taken from a previous RNS:
In 2003 Katherine recommended to Massive that it should pivot into in-game advertising and subsequently led the company in building the market for real-time advertising in video games. Massive recognised that young males aged 18 to 34 were becoming increasingly hard to reach through traditional advertising and that video game usage by this market segment had sky-rocketed. Massive built the technology, sales team, back-end operations and ad-serving infrastructure to enable dynamic delivery of advertising into video games for internet enabled PCs and video game consoles providing the first full solution for games publishers and advertisers. Massive was sold to Microsoft in 2006 for US$300 million according to published estimates.

Something big is brewing I feel.

Wow I can't believe how low this has gone...I sold out at 12p before. Unbelievable drop for a company that is close to breakeven or potentially even a takeover target. I see Helx & his workmates have done lots of hard work talking this down....how many 1000's of posts? I will be looking for an entry soon as these are bargain basement prices.

Any entry at around these prices will sooner or later be in a nice profit. FRES is a good solid company with a strong balance sheet earning plenty of cash...with multiple assets & new assets coming online soon. Higher silver & gold prices are here to stay. Even at todays pm prices this company is more than happy and earning massive amounts of revenues. Historically pm prices are not that far away from all time highs. Patience will pay

Things turning around for msmn...lots a decent news lately. Obviously we will get the jealous mug punters on here who didn't time it right and have sold and are now praying the sp goes down...sad indeed

I don't think the basel 3 will have a dramatic effect Monday, however I think it will have a long term overall effect in the future, meaning the prices won't be so heavily pushed down and allowed to move more freely. So the manipulation should be less, however after January when the UK rules apply then the pressure pushing gold prices downwards should be much more relieved.....hence stronger sustained rises. Overall its a huge positive & just maybe gold prices can re-rate to the real levels it should be trading at.

If my calculations are approximately correct over 1.2bn should at least be paid off the outstanding debt in the next 12 months. Could be more could be less depending on oil prices of course

Agree debt being paid off fast is key and its coming down fast. In just 2 months a sizable chunk has been reduced...and oil prices are now even higher. For me it's a positive...
As at the end of May, Harbour's net debt was $2.7bn, reduced from $2.9bn at the end of March, reflecting cash from operations and post-closing adjustments. Available liquidity was around $1bn at the end of May.

It's better to get the drop over and done fast. I'm happy with the sp movement considering the big drop in pm prices. If it would have been a slow drop FRES could have lost 2% per day for a long period. I think we are close to a bottom now, the cartel have done a good job this time

I'm not concerned at all. This is just a shakout before the big move up. Calm nerves will will here, flappers will loose out

Amazing entry price for what's on offer here.

Everyday that PM prices are this high is an amazingly profitable one for FRES. Its only a matter of time before this starts to move higher....it seems a shakeout is in progress before that might happen. Patience is required that's all. Its quite clear the future financial results will be mind blowing. I'm holding long and strong

Perma. Try looking at the monthly timeframe you will see the most beautiful inverted hammer in April .(extremely bullish candlestick, executed at the bottom on the trend) Since then FRES has been trending up along the 20 MA . The hammer and trend reversal are both still very much in play.

Interest rates might go up a bit...but will never be aggressively risen with all this debt. They simply can't. Just because interest rates go up a little doesn't mean a gold crash. Yes gold will fall back initially but will soon continue its journey up. So interest rate rises are not the end of the word for gold.

Inflation is high and will only go higher no matter what's said on Thursday. Monetary stimulus will continue for a long time to come. I'm looking long term here...chart wise it looks good too as its finding a bottom...also sooner or later I believe silver prices are going way higher.

Last years results & this year average Silver prices are so far considerably higher:

Fresnillo reported a strong financial performance with US$2,608.1 million in Adjusted Revenue in 2020, an increase of 14.9% on 2019 due mainly to better precious metals prices. Gross profit rose by 90.5% to US$879.4 million, driven by a combination of higher prices and lower costs. We declared an interim dividend of 2.3 US cents per share, with a final dividend of 23.5 US cents per share, bringing the total for the year to 25.8 US cents per share.

My guess is thosehuge trades are the last of the placing shares...must be. Next week we will see if the sp moves more freely. For sure that's what's been holding us back. Looking forward to next week...breakout time

Wonder what FRES share price could be with $50 silver? Historically that's where we could be heading...

Nice healthy pullback in gold..aprox $50. Recovering well today.....now I see this going to $1950 pretty swiftly & most likely another pullback then. After that we are attacking all time highs. LTH sit tight, traders gold luck as its hard to time & sooner or later get left behind. But each to there own :)