George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Penoles up 4.5% yesterday, over 5.5% today.
MAG silver up 4.5% yesterday, over 6.5% today.
Fres price seems way out of line so hoping is cautionary profit taking ahead of report and we get a good day tomorrow.
I wonder if production report is more important. Price is negative despite good run in PM prices overnight so hoping this is just caution and not a leak.
Penoles and MAG Silver were both up 4.5% yesterday so I would expect Fresnillo to be up.
Hoping a positive report will see Fresnillo price surge.
Tomorrow will be interesting and hopefully positive.
Disappointed Fres is having a down day with silver futures at $20 but did have a good run up last week. Hopefully this picks up when US opens
So soon after last production report not sure what new detail to expect that could influence price beyond latest on Covid-19 and Juanicipio project.
What else are people looking out for?
If production forecast remains on track (reference to this being back ended in the year) then PM is something to particularly watch with 2019 averages of $1392 for gold and $16.1 for silver
Penoles up nearly 4%.
Does nobody arbitrage these days lol
MAG up some 14% with Sprott news. Fres price down and not getting a bid for it's PM assets, which include Juanicipo JV with MAG. Confusing to see.
https://www.globenewswire.com/news-release/2020/04/27/2022280/0/en/MAG-Silver-Announces-a-60-Million-Private-Placement.html
Fres down heavily today, after PM prices fall. Penoles up 14% yesterday and has been fairly flat today.
Thoughts please on why Penoles has not fallen significantly in sympathy with Fres or Fres price has not held up better based on Penoles performance.
Hoping to see the deal acting as a tail wind on Fres share price. Removes a negative factor
Interesting view of Fres relative to other major players. If the company can evidence the turnaround is progressing well it could deserve a price re-rating
https://twitter.com/EconomicAlpha/status/1193573917232893953?s=19
I understand TEV = market cap + interest bearing debt + preferred stock - excess cash
Penoles has recovered a fair bit so hopefully Fresnillo will have an up day on Monday
Has anyone had success in getting feedback from IR of late? I guess they are waiting for Capital Markets Day on 2 Dec.
Would like to see them come out with something to improve sentiment. I think they have a good recovery story if only they would communicate more often
Company's regulatory announcements seems so underused
PMs are up from last year, despite production issues output is near all time highs yet share price has more than halved.
CEO needs to lift sentiment with more frequent market comms. Correct me if i am wrong on these
- Theft of gold materially moved share price but apparently insured but no statement
- Sonora dispute settled with positive implications but no statement
- Gold hedge should have ended by now but no statement
- Herradura project completion could be showcased as an example of turnaround plan
- etc...
Capital Markets Day 2nd Dec is a chance to discuss these things but CEO and his IR team need to report more as positive events happen
Q4 outlook more positive, projects on track, by-products up.
Lets ser if markets focus on Q3 and positives of higher PM prices for cashflow and profitability
Please can someone share a link to where active shorts percentage can be seen.
Keen to see how levels are changing with PMs up and in the run up to the October production report
Thanks
Active effort to uplift sentiment is limited imho buy needed.
I would like to see the company out communicating. This could be a simple reminder of forecast production of gold and silver, that prices have lifted significantly of late plus what the estimates are for reserves in the ground.