The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I bought in. It wont be reportable though. haha
Centamin's previous troubles will not concern investors when gold retakes $2,000/oz and the part of the mine that had closed is reopened.
Me too. Sometimes its better to sit on your hands.
Harry Dent is just wrong. Nothing tells us it will go down to $1000.
mine*
https://www.tradingview.com/x/nXMbPsu7/
In a strong gold environment and the reopening of the mind to come and suprise investors, i think a strong rally is on the cards in 2021. Strong buy at this level. See the above image showing how strong the support is here.
https://www.tradingview.com/x/xhCa1YvB/
IMO this is a good buy area. The share price has been obliterated on the news of a shortfall in output due to short term closure, however with elevated gold prices and a low AISC the profitability will soon return once the problems are sorted. Strong buy around the 100 area.
Anything can happen, but if Fres can stay above the downward trendline it will likely hover around this area for a while and retest the downward resistance line (red). Then it could head up higher to 1050 hitting the next fibonacci retracement level before hitting resistance. Corresponds nicely with major support found in December 2016.
Might retest but I think Fres is out of the woods here technically speaking.
https://www.tradingview.com/x/0HqflmAw/
Fresnillo is about to break out to the upside from a 4 year terminal wedge. Expect a huge reveral in the coming months. This will head back to 1800 in the next couple of years.
Old investor here. I got out with a loss but it appears matters are now worse. What is the latest?
https://twitter.com/stebottaioli/status/1199658690418270210/photo/1
...when the silver price is deflated. The H1 2019 average silver price was approximately $15/0z. The average silver price for H2 2019 is likely to be around $17 which is a 13% increase. Now considering the output of silver was reduced by approximately 10% i'd say we are in a much better position than the current share price would suggest. But I agree, if the silver price does not explode higher from here to the 20's then Fresnillo will likely go down again. I think the H2 2019 results will be much better than expected as a result of the higher silver price.
This has been hammered far too much for a small reduction in output, considering the gold and silver price and projection going forward. Hopefully this is now the bottom (apologies for my last bottom prediction) and this now can break out of the downward trend its been on since 2016.
...drop today. This is the biggest silver and 2nd biggest gold miner in the world. With prices headed higher this will recover.
Agreed, however Fres must find support here otherwise its going lower. Long term horizontal support back from 2015 is about 570p. If the price breaks lower from here to say 560p, it'll decend further lower to a much lower price target.
...the gold and silver price. Gold and silver should do very well in the coming months as the Trade War deal hoax is revealed and investors head to safety assets. Based on technical analysis I predict a $21-22 /oz silver price by summer 2020. At that silver price Fresnillo will be twice this current share price or higher. They are still the biggest silver miner in the world and just by sheer volume of silver their Q4 and Q1 2020 results should be much better than most investors expect.
Silver miners should do very well riding the silver price higher in the next year.