Member Info for leftie

This company still has a lot of debt on its books.. Some of those institutions may call time on that debt for whatever reasons. I guess the option then is a fire sale, but to whom?

Good luck whoever is holding wishing to make a quick buck, or to anyone wishing this comes back from the dead.

I was a LTH until this Monday when I cut my losses. Sometimes you have to accept a loss and move on. I wish I had cashed in back when this spiked to the 30's but I live to invest another day. Glad to see the back of this dubiously owned moneypit.

As a holder of these, its not the best time to be in the middle of a transfer of SIPP brokers and hence been unable to trade these for the last 10 days. I suppose the sage and defensive amongst this throng will have liquidated any positions before starting the transfer..

Live and learn.

Maybe, maybe not... Who's to say where the share price goes next... But its a well run, cash rich, company. It should do well. There are many worse options out there. Its had quite a dip recently so if you did buy in I would be very jealous of your entry price.

Indeed, the old adage 'buy the rumour, sell the news' does seem to apply.

Nothing at all in the results to merit a near 6% drop..

Thanks for the wake up call Porsche... Bought into this last year looking to pick up the small but regular Divi and hope the SP continues to trade the range that its stuck in, but I dont see any chance of that now the Divi has beeb slashed...

I'm out with a small profit thanks to its Divi...
I also agree with what you say about the index in general... Its been going nowhere for years and thanks to Brexit it will continue that way AT BEST.

Get out and get our money earning your some rewards... Nothing to see here.

Excellent update this week.
Nice trend from the low at the end of March.

Keep on quietly doing good work...

Wow, another afternoon slap down of gold and silver.. But the numbers don't lie. Inflation is coming and its coming fast.

Good luck with that finish Kando... Silver prices are moving up nicely this afternoon, so hopefully there will be a bit of a recovery but 100 points would be lovely, but can't see it.

Come on prove me wrong!!!!

regardless of what fair value is for Fresnillo, and people who are better at sums than me make a good case for it being undervalued, this surely looks a good bet compared to its PM peers giving the trashing it has had recently from 1100 to here.

You only have to look at the posters on this boards to see that the vultures are here awaiting a bounce.

Where is the money right now.
Inflation is going up on all of the major economies (canada has posted high values as I write), which would normally be bad for stocks and a good for PM's. But this picture has been clouded of late by comentators suspecting a move to cryptocurrency as an alternative hedge as opposed to PM's. Well, Bitcoin is being trashed, currently trading at half the value it was at last months exceptional peak of 65K.

So where is the money? where is all this leading? Are PM's going to bust through the roof or is the smart money going somewhere else?

Full disclosure - I have no more idea than anyone else and lack a crystal ball.

The people on the TUI board need to have a look at superdry.. There is an example of share recovery based on a company that is not saddled with debt. Where -ahem- you will not lose the shirt on your back... I'm not invested there, I cashed in previously. Just enjoying watching the movement and looking to get back should there be a significant retrace.

I am still holding CEY though and looking for far more out of this with the inflation storm that is gathering.

I exited too.. Bought an initial holding back in 2019 and held for the rise and dividends along the way. Fantastic cash rich company. However, at the moment the downside risks outweigh the potential rewards, so sitting on the cash looking for an opportunity to buy back into this cash cow...

Nice start to the day. Although frankly it means litle to me.. I see no reason to sell this share. Happy to stay around for the dividends and the promise of higher prices next year...

According to the update from 30th June
"Group net debt decreased by 49% to USD62.5 million from USD123.7 million at December 2019."

Nothing has changed since. Production has remained on track, no big aquisitions, gold price still holding strong... If they paid off half of the debt by the middle of the year they could well be debt free by now..

Another plus for this steady well run company... Interested to know what they do with the profit from the low cost production next year. Increase dividends or reinvest?

Pm's - Precious Metals, gold and silver (of particular relevance here) reversing (dropping in price).

Pm's do seem to be getting a bit of a hammering this week. Nothing in the fundamentals have changed. So will it be a an opportunity to top up/buy on the dip. Dunno and depends on your investment timeline.

Still FRES are making lots of cash with silver reversing to $23..

It looks like its holding $22. What a day, on the daily, weekly and monthly graph silver is having an absolute storming run.

Sad that I booked my decent profits a couple of days ago. If I get a sniff of a chance in the next few weeks I'm back in.

Nice to see it hold above £10 at the finish. Unless silver does something interesting overnight it will probably drop intra day tomorrow, but its clearly found some buyers above £10. Happy to hold with a nice profit.

The pressure is cranking up.. AS a holder with an average in the 700's its disappointing seeing us down here again, but I couldn't see how this could rise yesterday given the massive FTSE sell off.

Silver is on a tear... $17.5 to 18.5 in the last four days... Fres cannot fail to get pots of cash into the till if this is sustained - which the trend clearly suggests it will..

I think profit taking... PM's have dropped back a bit after the FED's comments yesterday.. This has risen splendidly over the past few weeks. Its due a break. However, the trend is now coming clear... Lets hope there is nothing new from the company or from Mexico to spoil it.