Member Info for fogthemogg

@Beo1, I'd advise not going down the rabbit hole with longtimeinvestor. His 28,000 post count is testament to the old adage: “Never argue with an idiot. They will drag you down to their level and beat you with experience.”

Gingy, I only sell if:

1) I'm happy with the profit; I suspect few here probably are.

2) Want to use the money tied up for something else; everyone's situation is unique.

3) There's a short-term liquidity or solvency risk to the company; which is not the case now.

Both IEA and OPEC have their respective agendas, I'm not sure one is any more reliable than the other...

OPEC's perpetual claim of shortages hasn't come to pass, and their latest meeting seemed to raise the white flag to Biden and shale producers. Only time will tell.

Correct Bluemoon, JMAX has been ramping Fresnillo for over a year, always called it wrong.

But then begs and cries for credit for one call on here every day 😂

Oh Glenda, why do you have to be such a heartbreaker ...

" This is just one of the many car crashes under labour and people will still vote them... So frustrating"

Jeffrey, you could replace Labour with Tories in that sentence and according to polls, 80% of the country would agree with it 😂

Latest YouGov poll now puts Reform ahead of Tories. If this development bemuses you, then you must have been doing an ostrich impression for the last decade and a half.

Although the writing was on the wall for NS oil years ago, I suspect Labour will probably water their threats down when in office. Almost everyone does.

Anglo went blue in a sea of red...

Hi Marionette. Thanks for the belated reply, although akin to longtimeinvestor, you still can’t answer the question. Instead resorting to regurgitating vague mutterings about how the financial benefits are apparently obvious, but always dodging the crux of it.

Could you please explain how buybacks financially benefit retail investors and make us wealthier? That is after all why we're here.

Let's say that before the buyback programme you owned 0.0000000011% of the company and then after it concludes, you now own 0.0000000012%. How did that financially benefit you? If the buyback programme jacked the share price up then okay we have capital gains, but the FTSE 100 names I see doing this (BP, VOD, BATS etc.) have performed poorly.

Also I notice that ANY economic news (good or bad, rigged or somewhat accurate) now smash PMs.

Payrolls beat? Smash.

ISM/PMIs disappoint? Smash.

Jobless claims higher versus forecast? Smash.

CPI undershoot? Smash.

PPI undershoot? Smash.

Any Fed member talks? Smash.

"The FCF generation here ATM is off the scale and just not on anyone's radar by the looks of it"

You didn't read Q1 production report then? Gold production down YoY and QoQ, silver production down QoQ but up a little YoY.

If H1 numbers were anything like "off the scale", we'd have seen bigger volume and a material leg up.

How many days has silver actually been north of $30 this year?

Share price to PM price ratio deteriorates even further, now breaking below 545-550p level.

H1/24 will obviously be better YoY, but if it was anything like as good as some have been claiming, we'd have seen loading up and the share price start to move.

There’s only 2.5 weeks left of H1 so it’s a known quantity already for insiders.

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It's hilarious, you still cannot explain your false claim that buybacks put more money into the pockets of retail investors. You actually put more words and effort into not explaining it, which is evidently the nail in the coffin that even you know it's nonsense.

Buybacks boost EPS, which is increasingly a metric for directors' remuneration; that is why companies like BP and VOD favour them. The fact that we own a slightly larger percentage of a company's outstanding stock after a buyback programme is incidental, it does not make us wealthier in of itself.

Tories did not win the 2010 election, it was a coalition. As I already stated, since Tory majority rule began 9 years ago, FTSE 100 is up only 17% and our currency has plummeted versus USD and EUR. I'm not even flying the flag for another party either, but simply stating that Tory majority rule has been poor for both our stock market and currency.

You have posted nearly 28,000 times but still fail to grasp the basic fundamentals of investing and our political system.

Longtimeinvestor, just a few minutes of checking those figures would have stopped you embarrassing yourself, yet again...You still haven't answered my month old question of how buybacks put more money into the pockets of retail investors?

Since Tory majority rule began, FTSE 100 rose just 17% in 9 years and GBP has been trashed.

Tory rule hasn't done the FTSE 100 or GBP any favours, so perhaps we'll be pleasantly surprised...

Slight CPI undershoot so initially, silver +3%, gold +1% but FRES couldn't even manage +1% 😅

Then when PMs pullback, it looks like FRES will go red.

Perhaps a cartel would run FRES better than the CEO and Chairman, who've both held office unbelievably since 2012. Ditto the CFO who's been there since it IPO'd in 2008 at 520p!

"when PMs go up fres goes up"

DK, I warned you not to go ahead with that lobotomy :)

Do any of you have a target exit price in mind? 15p - 500p over the last 15 years is some trading range, nice work if you can get it for the insiders.

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BATS is definitely being "managed" in this range for the benefit of the buyback programme. I've seen it before with HBR and others. I know buybacks are a polarising topic on these boards, but I'd rather they end it soon so we can see how Mr. Market truly values us. I would also welcome a move to NYSE :)

@GrowUp, what price would you take to walk off into the sunset? 30 quid or more?