Member Info for PortfolioPower

114m oz is still a huge amount for delivery when the total global annual Silver production from all the miners combined is only 800m oz

The vaults are still getting drained ahead of March.

Anyone thinking the supply side shortages are magically being resolved is kidding themselves.

New ticker FORG

I made some very decent gains in WSBN in 2025 regardless of all the Housery

I noticed a few of 'the old team' have moved over to EQT

Refinanced the company

Acquired some Aussie Copper & Gold projects.

Low m/cap

it has changed its name from EQTEC plc to Forgent plc.

Not taken a position yet.

Thought i would mention as just noticed Mannan is in over there.

I remember stating that I expected that ALL will eventually get taken out.

Just at what price deemed to be acceptable to shareholders?

Spodumeme bottomed out around $600 last year and has been rising fast since then, presently around $2250

When spod last peaked around $10,000 the ALL SP was around 60p

Important to remember that there has been a lot of Lithium discoveries since Li hit $10,000

But a lot of them are Chinese controlled...

How high will Li prices run up to again??

Sure is one volatile commodity!!!

Evening all, long time no post on here :-))

FRES has been a great hold for me as you guys know since I started loading up on Silver and the related miners.

Dai is correct that the recent volatility has brought a fair few traders in...

All are welcome!

£43 now

£180 SP target by a few might be considered conservative at some stage during 2027

Another tick up

FRES looking insanely cheap compared to the likes of Pan American Silver Corp.

Market cap here should be at least double that of PAAS

We are producing MORE than double their silver production and Gold production is similar.

Come on FRES!!

Those that predicted silver drifting down while the Chinese were on holiday got that badly wrong!

It's doing the opposite

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£50 should be just for starters.

Lots of catching up for the SP to do given the projected cash generation

Silver ticking up nicely overnight

This is just the beginning of the delivery crisis

This is what happens when you try to fix a supply problem with a price manipulation tool.

The plan to raise margins hasn't quelled the delivery demand

It has simply quickened the delivery demand!!!!.

It's triggered the largest delivery spike in modern comex history.

The miners will now start to receive true price discovery over the coming months as the industrial users simply bypass comex for good and compete with one another to bid up the true physical price from the miners for supply.

As the largest Silver producer IN THE WORLD.

FRES is positioned beautifully to benefit.

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GLA

Previously they have been able to lease metal from various central banks who were happy to be paid interest on their metal sent out on loan.

The problem is that many of these central banks are now starting to ask for their metal back.

The leasing interest rates have spiked up massively, but there is a growing distrust in global markets and that's why we've seen countries dumping US treasures and buying metals instead.

Never fails to surprise me what happens to any of these exchanges or banks that fail when folk start demanding their cash or their BTC or their metal back.

It never ever seems to end well for the exchanges or bankz where they have effectively been running a fractional reserve policy.

Certainly going to be fascinating to watch this all play out.

The main thing to remember

> Total annual Global Silver production = 800 Moz

> Total annual Global Silver demand = 1.2 Billion Oz

Huge supply deficit is going to play out in real time over the next couple of months as market participants stand for delivery.

GLA

Silver $88.60

Nice tick up since market close.

"A couple of other UK miners have now exceeded their SP when silver was at $120!"

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Some serious catching up to do for the FRES SP!!!

Another tick up

3.5p PAID

In Cash..

US treasury bail out for JP Morgan???

They have had to bail out the banks previously

In July 2008, Congress passed the Housing and Economic Recovery Act, establishing the Federal Housing Finance Agency (FHFA). Less than six weeks later, the FHFA placed Fannie Mae and Freddie Mac into conservatorship, effectively bringing them under government control. The U.S. Treasury then bailed out the GSEs with $190 billion through Senior Preferred Stock Purchase Agreements, requiring dividend payments in return.

In 2010, both entities were delisted from the NYSE and began trading over the counter.

Since then, Fannie Mae and Freddie Mac have repaid the U.S. Treasury and returned to profitability but remain under conservatorship

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A bail out of the amount in question would give the US treasury a sizable stake in JP Morgan.

Maybe a hastening of the structural changes in global finance

Chunky capital appreciation

+ Special divs

Is looking like the story here now.

18,000 (£180) FRES SP price target analysis previously covered on here.

GLA

Doesn't need Gold or Silver to hit any of the wild price predictions for this to be a beast of a share over the next few years

FRES on track to generate more profit than Tesla in 2026 is all you need to know for the potential of this company to re rate to multiples of today's SP over the next few years.

GLA

Wouldn't be surprised to see a revised broker target published with numbers way north of these given recent developments.

Looking strong here.

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