Member Info for UpDownFlat

Hopefully, silver and gold are consolidating now and follow the same pattern as the last three years next year.

Well thank you for the offer Wolfie.😘

Https://www.markets.com/news/lbma-forecasts-gold-silver-platinum-palladium-surge-1428-en

"I think that Zak Mir is at least a nationally well known commentator on financial matters and to be fair probably has better connections with companies than anyone else in this forum"

I've never heard of him but he is bear on gold. Obviously he is important in your mind, so good luck following Zak.

Personally I don't follow websites or people, I try to rely on my own brain.

Why is Zak mir important?

It also shows that they have ambition

Looks like a good move, it has the cash to due this without diluting shareholders. Not too big an acquisition. Should be earning acreative. I think it's a fair price as explorers are still cheap.

😂

Nobody does. Once day we are depressed, the next day happy.

If you look at last year PM corrected for 4 weeks around these dates, so let's see what happens at $3800/$44.9.

I hold all my shares , I don't do short term trades as you win some/ you lose some, so really buy and hold is a more profitable strategy in the medium term.

One positive thing during today's pm bloodbath, Fres have already made $2b in cash for 2025.

And part of the drop in silver volume is silver steam , which is passthrough product carrying lower margins, so it's hard to imagine anything other then great cash generation.

Actually the MXN to USd rates averages across the full year where 2024 - 18.32. 2025 - 19.48 at the moment, but will come down to around 19. So a slight net positive y-on-y. Additionally there has been a drop in the price of oil products.

Also the "undervalue ness" of the miners is relative to the price of the commodity. Fres was expensive/overpriced at £5 when silver(also gold) was $20. But Fres is cheap/undervalued at £22 when silver/gold are where they are today.

I would avoid oil producers. The price of oil might go up by 25% for a short time, but there is no barrier to entry. It takes only a few months, with a small amount of capital to bring a fracking well online. Volume is very price elastic.

You can't build a silver mine in a few months, and it requires a lot of capital.

Really nice to see green , but it is still early 😄

So really the big question is do we think these levels are the new normal for PM ? Obviously If the last year was a fantasy and everything really goes back to globalization and free trade and open markets, than no. Personally I think protectionism is the new black. But we will see over time.

If the PM price holds constant at $48 /$4000 for the next 14 months , the share price will be £40

No-one knows what direction pm will go and when. Its a chaotic system and never behaves the same way. What can be predicted is Fres approx cash generation based on PM history.

I don't believe they are going to have there worst Q4 gold production in the last five years next quarter. They are sandbagging the full year estimate for gold.

Net Revenue +-$1030m Vs $1084m I was expecting. Not a material difference.