Member Info for fogthemogg

"It isn't as if FRES is the odd one out"

BushyBuffet I know you're allergic to facts, but HOC is up 250% from cycle lows, CEY are AG are up 50%, PAAS is +65%, WPM +45%, NEM +40% etc.

UK-listed HOC and CEY were also considered much riskier investments by others than FRES. But both actually move upwards with PMs, and have proved considerably more resilient during PM sell-offs. I'm glad I kept them as they're both much better run outfits.

@Strike123. It's the same old story with FRES, falls 2-3x more than other miners on same PM action. Buying FRES around 500p or below, then selling or shorting when it pokes above 600p has been the only game in town here for a year. The baggies will always insist otherwise, but they thought it was undervalued and ready to fly at 1000p, 900p, 800p etc.

@Kenj. I was ambivalent about Brexit actually, I only spend a few months of summer a year in the UK anyway, so I quite enjoyed the theatre. You're the one that has to live with the fact you were repeatedly fooled by a known liar, and that you're now worse off. It would explain why you'll fall for silver squeeze gibberish and FRES "undervalued and about to fly" nonsense. I've got some prime swampland to sell you too, if you're interested?

@BushyBuffet. There haven't been stock traders at Paternoster Square for decades...Ouch, yet another slip-up from you, we'll pop that one in the scrapbook with all the others. Again, with that level of understanding, your 700p imminent price forecasts and FOMC confusion perfectly illustrate why you're long-term invested here and so underwater. ATB.

@Bankruptcy, that's all down to JPY's collapse and their ZIRP nonsense. If you're a timepiece aficionado, that has been the cheapest place to buy high-end watches for a while.

@Kenj, I wasn't aware that Churchill was fired three times for lying, lied to the sovereign, handed hundreds of billions of public money to his mates, and repeatedly broke the law whilst laughing at the plebs who festered away under lockdown. Do you know something that we don't?

@BushyBuffet, I and others have said FRES is a trading stock for donkeys. It's all there for everyone to see, just like your comical thought processes, forecasts and waffle. Think you were too distracted to notice, because you were still trying to get your head around the difference between FOMC and FOMC minutes...Is your imminent 700p price target still good for next week then?

But you got one thing right, when you're embarrassed about your dismal knowledge and forecasts, it's best just to filter people to protect your feelings. Hilarious you brought up M2 because you skimmed the Wikipedia entry once and thought it would make you appear informed. A little bit of knowledge is a dangerous thing :)

Here's a tantalising question for everyone, who will still be holding all their tranches at close on July 4th and who will bail before the election result?

We all know it's Labour's to lose therefore one would assume the terribly cliched, "it's all price in", but Mr. Market doesn't always work like that.

We've still closed the week above 35p, not bad considering the market volatility 👍

"Frankly I couldn't really care at the moment if UFO had discovered rare metals on the Moon."

It's funny you say this, as a man matching Max's description handed me a flyer claiming exactly that outside Wetherspoons today.

"I wouldn’t get excited about the short term future tbh"

True to your name aren't you unluckyinvestor9? 😂 VOD will bounce back.

Barhut, agreed re trading FRES but you’re preaching in the wrong part of town my friend.

You’re not going to convince people with thousands of posts on the same stock, who’ve been ever bullish and bagholding for years. They’re the same people who thought Boris was a modern day Churchill, and that the NHS would get an extra 350m quid a week…That’s the level of intellect and instinct you’re dealing with.

It's easier to fool people than to convince them that they have been fooled - Mark Twain.

Not a fan of cold, hard figures and analysing trends are you Bushy Buffet? Is one selective month's number the only string to your broken bow?

You still can't answer a simple yes/no question, because you've realised what you said re China buying and gold prices is codswallop. Instead, you obfuscate with copy and paste waffle about China currency controls to give the impression you're informed, then deem it "succinct".

Try not to get confused between FOMC and FOMC minutes again, even my Mrs. knows that. I wouldn't advise making anymore share price forecasts, doesn't seem to be your forte either. When you said 700p is nailed on soon, was that actually a typo and you meant 500p?

M2 has increased 170% since QE began in response to the global financial crisis. Even as late as this year, gold price in USD was actually no higher than it reached way back in 2011 when QE2 was running. There were of course years in between when despite continually expanding M2, gold prices were lower, sometimes much lower versus the beginning of QE.

I'll ask again, are you sure you want to maintain the view that China's buying has no impact on USD gold prices?

We're all aware of HK's role in China's economy, thank you...You're actually still maintaining the view that China's buying spree has no impact on USD gold prices?

Just a few days ago, you couldn't even grasp why Mexico's election result might damage FRES, irrespective of possible future peso weakness...And only last week you said 700p is nailed on soon, right before it then dumped 10%.

You also confused FOMC and simply the release of FOMC minutes a few weeks ago 🤡

Perhaps brush up on those gaping holes in your knowledge before thinking you're Bushy Buffet. ATB.

Y11, are you on early release for good behaviour?

China has imported >2,800 tones of gold through Hong Kong in the last 2 years...Their domestic production is not enough to meet government and consumer demand.

"Todays exdiv drop was pretty much as expected really"

If you expected a 5p (5.5p at lows) drop from a less than 4p divi then why didn't you sell before 🤔

I've said it before but HBR needs to punch through and hold 330p, that is the key level which has historically been so significant.

Who's DRIPing and who's taking the cold hard cash?

Because I'm a shareholder and it's a discussion board, not a "good vibes only" echo chamber.

Does me enlightening investors here that BP's BOD favour buybacks to boost EPS, thus their own remuneration, personally offend you in some way? It does appear to touch a nerve with those emotionally connected to the company.

Do you only converse and associate with people who share the same opinion as you? That's an increasingly common phenomenon in modern Britain sadly, most evidenced in our politics :)

"a good ballast for the portfolio"

Is that because you can leave it for 25 years, comfortably knowing that it won't have moved an inch?

Classic FTSE 100 name, dumps more than the divi when it goes ex. Why do people even bother...

"We've bought back 16-18% of shares since COVID and the impact to the SP has been almost null. Why isn't the board questioning this?"

See BP Directors' remuneration report as to why the BOD prioritise buybacks, which in turn boost EPS. It clearly stated back in 2021, under performance share awards that: "We will introduce an earnings per share growth measure".

Nice work if you can get it.