Member Info for Winstonwolf

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.

...was already priced in.

This should be bottom. The silver price rise that is happening and progressing should keep profits in line and grow them even with lower production.

However yes I was wrong on my last post. Blackrock reduced their holding.

The bottom must be in...

Reaction overblown. Revenue for last quarter could be as much as 20% larger than previous quarter due to average gold price being around $1450-1500.

Word.

The 2016 support level of 575 held like a dream. With Silver about to explode higher I would imagine this will be the last time you see the 500's ever again. Not brave enough to average down though (if only I hadnt just bought a house).

In perspective these results makes sense. The silver price was back below $15/oz for the majority of the first quarter after being up above $16/oz the first quarter the year before. With inflation and higher costs this has led to really terrible results, however there must be balance and when silver gets going again, Fres will fly. However that is probably a lot further away now as a result of these results.

It could go as low as 735p. That's where the long term upward trend support line resides. Provided we bounce off of that we should recover quickly, especially as the silver prices is in a bull market. Gold silver ratio is getting battered, which is great for the bull market of precious metals. Look at Centamin, they had a cautious mining production statement and nearly 4 months later they have swung down and rising back up to where they were.

9% drop for a less than 5% drop in production in an environment where bullion prices are rising. Oversold. Wish I could buy more but I've already overpositioned myself in miners to the point where it'd be silly buying more.

I am disgusted with George Morris and Satu Vainikka.

Selling a pipe dream to average joe investors.

Theranos of AIM.

nearly 5 years ago, it was the period of peak optimism for this company. The company had just consolidated its shares and the price went up 100% following this. I was sat on approx £10,000 profit. In my greed I kept my money in only to watch the share price drop, year after year after year as they handed out countless warrants and placings with me eventually making a huge loss. This company does one thing and one thing only. Rip off its shareholders. RUN! RUN FOR THE HILLS!