Member Info for UpDownFlat

Peso/USD fx(cost) averages in first half slightly favourable on 2nd half last year. Full year 2025 still looks favourable Vs full year 2024. So unless they know something specific, costs won't be adverse based on peso.

Must be difficult to invest in a silver miner if you are not a silver bull😂

Based on my model, this goes over £20. Over the next 9 months. Perhaps £25.

Based on a full year of cash generation at these levels Fres is still undervalued by 30%+ at these prices

It's always interesting to watch people "take profits" at X and then buy more shares at

x+20%.

Interim dividend announcement will be with interim results which are around the 5th of August.

I wonder if the new permit restrictions on Mexico is a positive for Fres. Being the largest hopefully they have a pipeline of permits in place. Hopefully they also knew what was coming before it arrived. Could be a barrier to entry, especially for foreign companies. The internet seems to suggest that this is a bonus for the established companies, and Fres is the most established.

Agree, £14.50 reflects 6 months at these prices, 12 months at these prices is closer to £22, at higher prices who knows. Average spot prices are what counts.

Ok you have made a worthwhile point Noel. Let's all be friends. Have a beautiful sunny day.

I am long a large amount of money. I assess the risk/reward relationship as favourable for that risk.

I am more concerned with the risk related to the price of precious metals and the risk related to foreign exchange MXN/USD and USD/GBP, which more realistic than theoretical.

The point, is it's the British government we need to fear with punitive taxes or destruction of shareholders , not the Mexican.

It was the British government who stopped POG share's being traded and destroyed the British shareholders, nothing to do with the Russians.

If PM prices hold here this should rise to £22 over a period of time.

Not while they are making billions in cash

Maybe some people will have to close their position tonight

Seems to be taking the news positively😂

I think there will be some re-investment due to pyramid trading maths.

Personally I prefer Silver and Gold have a steady build rather then a blowout. That way Fres gets to reap the benifits via their reported results.

Hoping for between £13-£15 by August based on what must be massive cash generation in H1 due to higher gold and silver average prices.

£20/share is where they should be in 12 months if things remain the same.