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Carve, my thoughts exactly and I did read that debt was reduced in H1 from over 400 mil to around 280 mil so basicly this years earnings could wipe out their debt if they wanted to.
The new mine has started its first production and capex has fallen this year so in my opinion thiss should be trading in the 1350 to 1500 range
Morning all,
I’ve been doing some calculations on FRES f/y financials that are due out on 2nd March and going by the price of silver and gold average for H2 their EBITDA is around $725 mil well add that to the H1 which was I believe $320 mil so their results should be very good.
What I can’t understand is why is the share price so depressed from what it was in previous years when silver and gold were nowhere near the spot prices they’re currently trending at.
CARVE yes good info on the SLV holdings cheers.
Ken
Carvey,
Just read through your post you sent on 27th RE profits and im in total agreeance.
I cant see this going below 950 again and think that was one hell of a tree shake the other day and probably frightened a lot of holders into selling, but my thoughts were that profits are going to be very good so hang in there.
Good evening all,
I am currently holding a fairly substantial amount of shares in this company so wonder if anyone can help before i do my calculations on fresnillos AISC for the year 2020 in order to calculate an approximate profit for the year.
The average silver price for 2020 was $20.69 which is 47.44% higher than 2019 so im assuming profits will be fairly good on March 2nd when y/e financials are relesed.
Any help on this would be much appreciated and save me a little time.
Thank you in advance guys and if theres any girls you as well.
ATB
Ken
Just thought I’d pop in to say hello, so hope all you folks are still fit and well.
If anyone’s been unfortunate to get covid I hope it’s not been a serious bout.
I see a post from Joker hi mate ye I missed out on KAZ.
But made some money there on the way up from the bottom.
After I sold out there I went into FRES which was my main holding.
Hey mate if mine said to have a look at the GGP board fek me they doing over 400 posts a day and there was this total nutter on there yesterday I think he or she was called Bot face or some sihite like that well they Gita be on drugs or some serious stuff that messes with your head.
Anyway all the best guys and galls, stay safe and be happy. :-))
Thanks for info on RMM.
No I haven’t bought any of these but just bumped into it when scouting around for a wee punt on something.
The spread in its huge so I will probably give it a miss.
Anyway hope your birthday went well
ATB
Ken
TROAJAN, Hope your well and had a reasonable xmas.
i see your on the RMM board and theres a guy by name of DJ ryan 7777 has bought 100th of the companny 87 mil shares, jesus if its true that mans a risk taker if it pays off good luck to him, however i see so much ****e on these boards people braging about their profesional prowess on share trading i always read between the lines.
Looks like GLEN starting to perk up a bit now but unfortunately i fell out of love with her mid way through last year and been playing the fres game and been long CEY for just over a month.
Troajan letme know your thoughts on rambler as i feel your one of the genuine broker on the boards.
Cheers
Ken
Breatheasy,
yes good to hear from you, all’s well my end, however I live in Kent so under strict rules for Xmas but it has to be adhered to in order to get things back under control.
You and family keep safe and try to have a good Xmas.
ATB
Ken
Yes black rock, very interesting chart, lot of volume in last 5 days as well so let’s hope the upward trend continues.
It’s a funny old game this share trading you know when you lose confidence in a company like I have with glencore you tend to start clear of it, but I’ve always done well on FRES & CEY that’s why I go back to them when I feel the time is right.
It’s the human condition when we lose on a share it phsicologically puts you off, I know there’s people will say you’ve not lost untill you sell but how long do you wait is the big question.
Gold and silver have now moved up to a new level and slightly decoupling from the DXY yesterday as gold now moving in same direction
Glenda is doing well as the coal price has moved up nicely from $50 per ton at end of august to today’s price of $77 per ton
They need copper to stay were it is and coal to creep up to $100 ton then glen will be over £3
I’m frying other fish for now in FRES & CEY Also took some safety last week in GSK NG SGE
ATB
KEN
Just hit new all time highs on the futures trading this is mental as they now close to 15 million covid cases, how far can it go and they still got 19 million jobs to put back on the non farm payroll to get back to pre covid figures.
I think all the Robin Hood stay at home traders will come very unstuck soon
ATB
Ken
Morning m8 don’t lose faith in gold and silver they’ve always done well from November through till February.
In looking back there were only a couple of years in the last 10 that were flat between this period and gold/ silver have consolidated recently so I’ve gone back in heavy FRES for a month or so also got few CEY I picked up few days back.
Revealed online following the cancellation of the Geneva motor show in March, the electric Fiat 500 will go on sale in the first quarter of 2021. Prices will start from £29,500
Who the fek wants a peanut car at this price jesus
This is one of the cheapest EVs on the market what normal family can afford this Jesus most families buy second hand and probably pay £10k maximum on a family car
Revealed online following the cancellation of the Geneva motor show in March, the electric Fiat 500 will go on sale in the first quarter of 2021. Prices will start from £29,500 at launch for a top-spec La Prima edition convertible, with hard-top models set to follow later.
I would say EVs are fine firstly if you can afford one secondly if you don’t do more than 120 miles per day so you can trickle charge at home every day.
But for my business with small commercial vehicles that do between 100 and 200 miles most days of the week they’re a total waste of time, we can’t afford to sit at a charge station for an hour on top of that you have to find one that’s in your rout if you can’t you may have to deviate miles off rout just to charge up.
Time is money and wages to me so with EVs when they get 450 mile per charge and can charge in 10 minuites then maybe but untill then they’re totally uneconomical for our use.
As for the DXY hitting 90 well I do think that could be a possibility if the yanks throw another massive stimulus package in to support the economy, another thing is they seem to be throwing caution to the wind with regard to inflation and as any PMs trader knows high inflation is great for PMs
We should get a nice bounce with FRES today come in my beauty make ken some wonga lol
Thanks for the kitco link, I assume it was the interview with Peter Hug, references to commodities Gold and Silver in particular.
Well I sold my FRES pot at between 1320 and 1350 last time round after getting in between 750 an 800 so am happy to have another play, I missed the last rise from this level back up to 1360 so thought this time I’ll have another bash,
ATB
Ken