Member Info for fogthemogg

"all ridiculously over valued. It will pop and there will be blood on the street"

Said every year for decades by people who persistently wallow in the dinosaur UK stock market. You know FTSE 100 is only 10-15% above late 1999/early 2000 levels, and no higher than 2019? It's a trading index, not for long-term investing. Sack your financial planner :)

"They should have never announced one in the first place."

It allowed insiders to sell the rip, which I assume was the point of the announcement in the first place...

Thanks Stevo, appreciate the time and effort you took there.

Definitely prefer this analysis to the copy and paste nonsense we usually get from Motley Fool, Simply Wall St etc. about how it's inevitably going to 800p-1000p. We heard all that ramping rubbish before when the share price was 400p-500p+, then look what happened.

Presumably that share price capitulation was driven by insiders and institutional sellers, who pre-empted future share dilution to fund an acquisition? Because an eventual 50%+ share price drop was disproportionate to the incremental EPL increase in autumn 2022. I think it was known some time ago that a deal of this nature was the only way forward.

Just remove "rationally", then you've got it :)

Sharpey, if you're seeking a logical pursuit then the stock market is not for you.

"this is a fully priced deal"

Hi Stevo, what do you mean specifically? You think 360p (albeit notional) was fair at that point in time?

"not been a such a bad year for miners"

Compared to who, Palestinians?

Most of the miners have been mauled YTD and YoY, whether they're base, PGM, precious metals or lithium. Can only get better though...Right?

It's difficult to admit, but the US has played an absolute blinder in Ukraine...

If we trace back to 70p or below, I'll be waiting with a barge to buy more though 🫡

"already tight silver supply off the chart"

New year, same old narrative 😂

"The last time the share price was this low was February 2009."

It was lower than this in March 2020 (456p), which has already been discussed ad nauseum.

Back up above 400p, don't give me false hope Glenda...

Do you mean naked short selling?

Think you mean naked short selling...

"The Directors are obviously in a Close Period before the Results on March 5th so cannot buy ...I dont think Director buys or even Buybacks will make any difference, at the moment"

They've been in a closed period for 8 months have they? Because that's how long FRES has now been predominately under 600p for...With not a whisker of insider buying or even the mention of a potential buyback program, let alone executing one.

Buybacks always make some kind of difference. Sometimes they juice the stock up materially, whereas other times they simply stem the blood flow. In this case, I think it would have been the latter; but they could have kept it above 600p level.

I'd be more interested to know why there have been no share buybacks or director buys?

320p to 258p 'tis but a scratch!

"How low is the question"

Sir, this is a casino. They'll take it as low as they want to take it.

456p was March 2020 panic low and we're nearly there now with $2k gold and $22 silver.

"Added again - permission to rally now :)"

I see it: 16:21:26 2 @ 472.30 Buy* £9.45

Tullow is like a dinghy just chilling in stormy seas today, good job!

A miner trading at 15x earnings isn't "valued at very low levels"...All the big FTSE miners trade at lower multiples and pay much bigger divis.

The drop in gold, silver and FTSE 100 might have something to do with the share price dump Sharpey...

Also, the mining regulatory environment in Mexico has turned less investor-friendly over the last year, that doesn't appear to be changing anytime soon.