Member Info for UpDownFlat

That's only my shares Chippyg, I didn't include my ex wife or child shares

I wonder what the reaction to production will be tomorrow ? Whatever production is, this company has just booked there highest , blow away results ever.

"My profits down by £5k"

I lost £300k today😄 a similar amount on Friday

So if the silver price drops below $37, the average will start heading down and so will the results.

Obviously gold as well as silver should be taken into account because Fres is a 50/50 blend

Silver average last year, $28. At the start of the year I was hoping an average of $32, it should be around $37 this year.

If I wasn't so invested in Fres and other silver things, I would be buying. Silvers at $48 🎉 let's party

This share is worth £24+ based on 2025 results/cash generation. It is mid October the average spot rate for the year on pm is almost set. I am keeping this share, basically because come full year reporting, they will book tons of cash, and even a silver price of $40 send them up next year.

I can't think of a better investment then this right now. If PM stay here this gets to £35 by June 2026.

All the silver miners globally have dropped. Silver in backwardation, but spot silver at ATH. So spot silver is not buying it. I know they describe it as localised shortage, but I don't believe that.

Going to be interesting 😅

I don't think the impact of the peso average in the second half is that big, if we compare the two 2nd halves , I think around $60m adverse half v half. Full year is still favourable.

So what you are really saying is not that they are missing targets but that they are achieving targets, but they have reduced these vol targets year on year, which they have been saying in their presentations for about the last 15 months. So presumably this has not been priced in ?

When you say disappointing on production, do you mean missing their targets? Because I thought they reconfirmed guidance.

I think if small nuclear reactors where feasible , the Chinese would have large automated factories mass producing them.

Also the UK governments have been kicking the can down the road on Sellafield nuclear waste disposal for 50 years, I don't quite understand how small nuclear reactors are feasible, but then I haven't looked into it.

The big difference between Royals Royce and Fresnillo is that RR makes $2.5B cash pa and has a Market cap of £98B Fresnillo will make $2.5B cash this year and has a Market cap of £17B

Its highly likely that the world's largest silver miner rises in price with the increase in silver price. Especially as they have excellent drop through to cash.

I don't trade shares , I am quite happy to get returns over a 1-2 year period.

Mexico provides 24% of the worlds silver. If this was nationalised I believe the country would get invaded

😄

Ok I will follow for a week or two and make a judgement after that.

Thanks🤗