Member Info for fogthemogg

Hi Dark_Knight, what makes you think the trading update be positive? From memory, FRES hasn't risen from a production report since April 2022.

PM miners from Barrick to Fortuna are reporting the same old cost inflation, falling production problems then getting slammed. FRES has dumped 120p over the last few weeks in the run up to this report so in all likelihood, those in the already got rid.

I would like to be wrong though!

All aboard the Linda Crook Express, terminating at Shattered Dreams Parkway via Bagholder Central.

Choo choo! 🚂

Yesterday was the second consecutive close below 500p. Even during March 2020 panic, FRES never closed below 500p. It took a brief intraday trip to 456p then closed at 527p. FRES is an absolute disaster of a stock in terminal decline and a microcosm of the FTSE 100.

Should be due a bounce then 🤥

BP is like your old favourite chair, no matter how long you leave it for, it’s still exactly where it was when you left it. Share price below 1997 levels and most years since then…

It’s been so-called ‘undervalued’ for decades, why do people keep regurgitating what is a) subjective b) possibly irrelevant and why on earth do people think this will change anytime soon?

I’m sure some FTSE dinosaur will start mumbling on about single digit yield reinvested dividends, but if you’re having to include those to make decent returns (and happy with that paltry %) then why take the risk in equity at all?