Member Info for JMAX

Carv,

I agree about inflation, but would a company like Fres hedge the price of say what oil they need ? I know they have hedged some silver at a ceiling of $50 oz

These two charts are interesting reading when looking at recent PM prices and FRES of 2016.

https://www.statista.com/statistics/253606/fresnillos-annual-gold-production-since-2008/

https://www.statista.com/statistics/253603/fresnillos-annual-silver-production-since-2008/

Noel,

The amount of silver in some of these items is insignificant when compared to their retail prices. A 2m sq solar panel contains about 20grams of silver and an Iphone 0.34 grams. But when manufactured in large quantities I see where you're coming from.

JMT,
I haven't looked to deep into it - but I'm with Carvey, and this should be 1500p plus. With all this money 'printing' we will get there.

Jef,

I'm with you - some of my tranche were bought at 900p, but traded my way into profit. IMO, we need to get Christmas out of the way as it is unlikely we will have any news by then and if more lockdowns are announced then poo will suffer.

Another little tree shake. Hold tight for Juanicpio

Jef,

seldom does a stock or commodity go up in a straight line. This new variant has triggered a pullback.

Jef,

I have mentioned this before that Poo would retrace - before going much higher but it's going to be a rough ride.

The truth is not negative - the facts don't lie.

Lat,

75% hedged at what floor price - $57?

Anton,
In June when this was 63p, you were ramping and said that 'this will fly ' when the results are released (in July). However, this did not happen and since then PoO has risen and TLW has plummeted by about 30%. What went wrong?

In contrast my posting had been realistic and accurate enough to make me money.

No1,
How are the hedges giving stability at this time ?

BB,
I know what the UT is and I am aware of the hedging and I wasn't referring to you as being a ramper - but there has been a lot of unjustified optimism on this board at times.

RM,
I took a big hit with the two RNS from late 2019. So I bought and traded my way out of trouble - but my posting regarding TLW over the last year has been fairly accurate and I have made good money.

Why are the rampers never held to account for their incorrect predictions...

RM.
I have held since 2014 - when the SP was over 900p - and traded along the way and bought sub 10p. I was merely asking why shorters would exit now.

BB,
Why do you think that ? Shorters are probably looking for PoO at sub $30

Not if they are expecting more lock-downs and demand to decrease.

We are mostly looking to the Kenya development to turn this around - but better hedging at higher prices is just as if not more important to our SP.

Indeed, and those reserves will need to be replenished...

But what is the floor price ?