Member Info for fogthemogg

Classic FTSE name, dumps more than divi when it goes ex. Why do we bother sometimes...

"Price will start to move as we get closer to ex-dividend date."

Yes, I can see the stampede of investors selling Nvidia and Bitcoin to buy Fresnillo for a 3p divi. Which, like most FTSE stocks, then falls more than the divi when it goes ex...

JMAX, even Rahul probably knows that you have multiple usernames.

Tony, sure, EBIT has halved so a 50% share price drop isn't actually unreasonable.

But the preoccupation with USD/MXN movements, as if that's the primary reason behind this valuation compression was what I'm not on board with.

Something more significant and barely mentioned on here, is the increasingly hostile mining environment in Mexico. This has scared some investors away and might get worse with a muted ban on open-pit mining,

Krok, that's a pretty logical guess. However, what isn't logical, is why these court shenanigans prevent FXPO from releasing prelim results...It shouldn't really.

Those institutions haven't bought FXPO for their own prop trading desks though have they? They're custodians.

The unfavourable USD/MXN movements have obviously been a factor here, but they don't even begin to explain the ensuing share price capitulation.

Peso has only strengthened 2% since Christmas and 10% YoY versus USD, how that drives respective 25% and 45% share price declines, I'm none the wiser...

It already went below the March 2020 lows a few times in February.

Bit early to say that Roxi...

Clearly that 27% dump on Monday was the insider reaction to yesterday's RNS. Delaying results is pretty bad...

CPI and core hot again. PMs, you know what to do...

James Bellamy of BNY Mellon? Still not very bright are you...

Sure, it's "cheap"' on financial ratios alone, a bit like everything else in the FTSE...

The problem is, one cannot quantify the political/legal risks.

FXPO is for big boys, not for people who wet their panties when their index fund drops 1%.

I'm not seeing chunky sells, just small packets taking it lower by the minute...FCA and LSE market surveillance probably watching Cash In The Attic whilst 'working from home'.

Johnsilk, that is correct but the direction of travel re freezing is concerning, hence the panic. I don't think it's just a storm in a teacup.

I'm surprised Dogger69 hasn't turned up to gloat about how he warned us that "IT'S OVER".

These back of cigarette packet calcs are all very well, but FRES has not positively correlated with higher PM prices since 2021. Just look at the charts...28% down YTD, 38% YoY etc.

The intraday movements actually tell the bigger story. PMs up, FRES stagnant or down. As soon as PMs pullback, then down she goes some more.

"c'mon Linda strut your stuff again the SP needs some fluffing."

Linda Crook strutting her stuff (i.e. doing nothing) led to a 50% destruction in shareholder value.

Jim North bailing last year was the most ominous sign, the share price has been downhill ever since.

He's in Dubai now, probably with dramatically lower blood pressure.

Bit difficult to pay a divi with frozen bank accounts, hence the cancellation after it went ex...

I am happy to pick up the reinstated divi in cash on a trip to Kiev, which will then shortly all be spent in nighttime establishments.

Troajan, are you seriously suggesting that NATO members (particularly US and UK) have never financed, organised or instigated regime changes and coups...Wow.

The dozens of examples since WW2 are also "well documented".