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Can anyone shed any light on why there was so much opposition on Eduardo Hochschild being re-elected as chair (around 25% against)? Could the company consulting the largest shareholders on this matter have anything to do with today’s share price drop?

No. 615p open, I reckon. The market is irrational but it’s not stupid.

Gold jumped over 3%, briefly hitting $2198/oz! Is that a new all time high? Wonder what it will be in the morning… Bull run here guaranteed

The fact that there are bigger gambling companies who see 888 as an attractive acquisition at a much higher price (and that’s now public knowledge) may be enough to move the needle anyway, especially if it encourages hedge funds such as Marshall Wace and Glg Partners to reduce or close their short positions.

They are treading a fine line however if they can achieve their not unrealistic target of £2bn revenue and 20% ebitda margin, they’d theoretically be able to handle interest payments on twice their current debt.

Total Voting Rights

“888's issued share capital consists of 449,045,257 Ordinary GBP£0.005 shares with voting rights attached”

No bad news leak to justify yesterday’s drop 😅

It was under Kenny Alexander’s tenure as CEO. The man who earlier this year casually stole a delivery driver’s car from outside a kebab shop to get himself home.

Paid over 4 years and I know they can afford it but that’s surely going to pull the sp down for the foreseeable…

Goldman Sachs cuts Entain to 'sell' (buy) - price target 820 (1,450) pence

Silver looks like it’s ready to test $25. Fresnillo’s average realised price for silver in 2022-23 was only $21.7 ($1799.3/oz for gold) so this is a huge boost to profitability.

The sp is starting to show small signs of responding positively to the rise in silver, so I’m back in

Bit of a lame reason for a rise but I expect knowing two US activist hedge funds are watching the sp and criticising the drop has put the wind up short sellers.

I’m not so sure. Could be the start of a long, slow recovery. I put my profits in 888 in anticipation of something similar happening over there.

Tidy profit banked on the 820p shares I bought earlier. Let the good times roll..

I’m exiting. Something not right here

Fresnillo struggling to stay in the 540’s. Poor show

I think timing is the name of the game atm, here and elsewhere. Once new lows have been achieved and stop losses hit, there’s plenty of reward for the brave, but it’s all about intelligent timing of your buys. I can’t see 888 dropping to the level of the VIP accounts scandal earlier this year, but there are other uncertainties now. 888 set the bar quite high with revenue and EPS forecasts for 2025, before raised interest rates, reduced customer discretionary spend, stake limits and affordability checks were such an issue (although these factors had been anticipated and preemptive measures taken), and a series of profit warnings and broker downgrades could send retail investor confidence spiralling, especially when comparisons are made to Cineworld and the so-called “Everest” debt mountain.

Glg joining the shorting action with 0.53% declared 17 Nov. Should be interesting. Shorts increasing, while I’m very cautiously rebuilding a long position. Hopefully they’ll push the price down so I can get a really low average.

““Key drivers behind this performance include investment in photovoltaics, power grid and 5G networks, growth in consumer electronics, and rising vehicle output,” the analysts said.

Despite record amounts of silver flowing into industrial applications, investor demand remains a critical missing piece of the market.”

Investor demand won’t be far behind. Good times ahead for Fresnillo imo

https://www.kitco.com/news/2023-11-16/Silver-market-to-see-record-industrial-demand-outweighing-lackluster-investment-demand-and-ETF-outflows-Metals-Focus.html

That and the trait of Patience…

Silver up 7% this week. Fresnillo up only 3.5%. What am I missing?